Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local 22 Education Fund
- Sponsor EIN: 221976682
- Sponsor Address: 700 SWENSON DRIVE, KENILWORTH, NJ, 07033
- Plan Type: 401(k)
- Plan Number: 999
- Total Participants: 72
- Total Assets: $3.8M
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 | 72 | $3.8M | $621,393 | $0 |
| 2023 | 68 | $2.7M | $634,814 | $0 |
| 2022 | 57 | $2.3M | $558,463 | $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 |
|---|---|---|---|---|
| MULLER BOHLIN ASSOCIATES, INC | Other Service Provider | $66,000 | — | $66,000 |
| CHARLES BEELITZ | Recordkeeper | $42,124 | — | $42,124 |
| JAMES W. BURKE | Recordkeeper | $35,285 | — | $35,285 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $24,533 | — | $24,533 |
| DTM CONSULTING, LLC | Other Service Provider | $12,462 | — | $12,462 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES BEELITZ — Recordkeeper
- JAMES W. BURKE — Recordkeeper
- UBS FINANCIAL SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $180,404
- Estimated Expense Ratio: 4.690% 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 | $625,318 | $26,481 | — | $4,500 | — |
| 2023 | $428,738 | $12,182 | — | $4,764 | — |
| 2022 | $463,664 | $8,793 | — | — | $9,774 |