# Sheet Metal Workers Local 22 Welfare Fund Board Of Trustees 401(k) Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-22-welfare-fund-board-of-trustees-221505211-501

> Sheet Metal Workers Local 22 Welfare Fund Board Of Trustees's 401(k) plan: 279 participants, plan year 2024 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sheet Metal Workers Local 22 Welfare Fund Board Of Trustees

- **Sponsor EIN:** 221505211

- **Sponsor Address:** 700 SWENSON DRIVE, KENILWORTH, NJ, 07033

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 279

- **Total Assets:** $21.9M

## 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|279|$21.9M|$7.2M|$65,212|

| 2023|284|$21.3M|$6.3M|$76,163|

| 2022|265|$19.4M|$6.2M|$83,985|

## 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|

| UBS INVESTMENTS|Recordkeeper|$67,542|—|$67,542|

| BOLTON PARTNERS|Other Service Provider|$27,500|—|$27,500|

| BRIDGEWAY BENEFIT TECHNOLOGIES|Other Service Provider|$22,748|—|$22,748|

| MSPC|Auditor|$19,090|—|$19,090|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [UBS INVESTMENTS](https://planprovider.pro/provider/aspire-financial-services) — Recordkeeper

- [MSPC](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $136,880

- **Estimated Expense Ratio:** 0.624% 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|$511,358|$67,542|$228,744|$19,090|—|

| 2023|$444,427|$77,344|$174,731|$18,696|—|

| 2022|$451,247|$77,895|—|—|$45,996|

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