Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Sheet Meta Workers Local 7, Zone 2 Pension
- Sponsor EIN: 381616942
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 489179275
- Plan Type: DB
- Total Participants: 381
- Total Assets: $121.5M
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 | 381 | $121.5M | $4.9M | $0 |
| 2023 | 371 | $107.8M | $4.7M | $0 |
| 2022 | 353 | $94.3M | $4.2M | $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 |
|---|---|---|---|---|
| BENDA, GRACE, STULZ & COMPANY, P.C. | Auditor | $20,600 | — | $20,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,600
- Estimated Expense Ratio: 0.017% 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 | $690,512 | $372,707 | $24,501 | $20,600 | — |
| 2023 | $569,360 | $327,607 | $17,298 | $20,400 | — |
| 2022 | $547,030 | $337,841 | $17,071 | — | $139,408 |