Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sheet Metal Workers' Pension Plan
- Sponsor EIN: 956052257
- Sponsor Address: 111 N SEPULVEDA BLVD STE 210, MANHATTAN BEACH, CA, 90266
- Plan Type: DB
- Total Participants: 5,519
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,519 | $1.4B | $90.5M | $0 |
| 2023 | 5,402 | $1.3B | $90.2M | $0 |
| 2022 | 5,299 | $1.2B | $85.9M | $0 |
| 2018 | 4,824 | $956.7M | $0 | $0 |
| 2017 | 4,969 | $1.0B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $2,464,963 | — | $2,464,963 |
| SHEET METAL BENEFIT PLANS ADMIN | Other Service Provider | $2,133,170 | — | $2,133,170 |
| WASHINGTON CAPITAL MANAGEMENT INC. | Other Service Provider | $607,261 | — | $607,261 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $303,261 | — | $303,261 |
| COLUMBIA MGMT INVESTMENT ADVISORS | Other Service Provider | $300,142 | — | $300,142 |
| THE SEGAL COMPANY (WS), INC. | Recordkeeper | $285,883 | — | $285,883 |
| MCMORGAN & COMPANY LLC | Other Service Provider | $264,202 | — | $264,202 |
| FOX ROTHSCHILD LLP | ERISA Attorney | $261,431 | — | $261,431 |
| MARTIN CURRIE | Other Service Provider | $252,762 | — | $252,762 |
| DELAWARE CAPITAL MANAGEMENT | Other Service Provider | $244,310 | — | $244,310 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $203,060 | — | $203,060 |
| FIERA CAPITAL INC. | Other Service Provider | $179,988 | — | $179,988 |
| MILLER KAPLAN ARASE LLP | Auditor | $144,970 | — | $144,970 |
| COMERICA | Other Service Provider | $131,714 | — | $131,714 |
| MADISON CORE PROPERTY FUND, LP | Other Service Provider | $108,478 | — | $108,478 |
| THE LONDON COMPANY | Other Service Provider | $96,435 | — | $96,435 |
| SEGALL BRYANT & HAMILL | Other Service Provider | $93,124 | — | $93,124 |
| CAUSEWAY CAPITAL MGMT | Other Service Provider | $87,889 | — | $87,889 |
| CUSHMAN & WAKEFIELD OF CALIFORNIA | Other Service Provider | $84,614 | — | $84,614 |
| UNION LABOR LIFE INSURANCE COMPANY | Recordkeeper | $71,554 | — | $71,554 |
| GARCIA HAMILTON & ASSOC. L.P. | Other Service Provider | $70,841 | — | $70,841 |
| WITHUM SMITH + BROWN | Auditor | $64,634 | — | $64,634 |
| CAPITAL GROUP | Recordkeeper | $59,419 | — | $59,419 |
| AMERICAN MAILING SERVICE, INC. | Other Service Provider | $21,569 | — | $21,569 |
| MARSH & MCLENNAN COMPANIES, INC. | Investment Advisor | — | $17,458 | $17,458 |
| ERISA ADVISORY GROUP | Other Service Provider | $17,375 | — | $17,375 |
| TVG CONSULTING | Other Service Provider | $13,289 | — | $13,289 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- THE SEGAL COMPANY (WS), INC. — Recordkeeper
- FOX ROTHSCHILD LLP — ERISA Attorney
- MILLER KAPLAN ARASE LLP — Auditor
- UNION LABOR LIFE INSURANCE COMPANY — Recordkeeper
- WITHUM SMITH + BROWN — Auditor
- CAPITAL GROUP — Recordkeeper
- MARSH & MCLENNAN COMPANIES, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,583,796
- Estimated Expense Ratio: 0.604% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,556,140 | $4,818,857 | — | $61,095 | — |
| 2023 | $8,392,647 | $4,933,705 | — | $55,550 | — |
| 2022 | $7,547,156 | $4,144,410 | — | — | $751,653 |
| 2018 | $6,437,981 | $2,993,701 | — | — | $1,204,743 |
| 2017 | $6,776,500 | $3,141,670 | — | — | $993,230 |