Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local 224 Pension Fund Bd Of Trustees
- Sponsor EIN: 316171353
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: DB
- Total Participants: 297
- Total Assets: $76.3M
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 | 297 | $76.3M | $4.9M | $0 |
| 2023 | 299 | $68.8M | $4.4M | $0 |
| 2022 | 270 | $63.1M | $4.0M | $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 |
|---|---|---|---|---|
| STRATEGIC CAPITAL INV ADVISORS | Other Service Provider | $116,151 | — | $116,151 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $70,075 | — | $70,075 |
| CUNI, RUST & STRENK | Other Service Provider | $49,650 | — | $49,650 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $42,121 | — | $42,121 |
| CLARION LION | Other Service Provider | $36,317 | — | $36,317 |
| LEDBETTER PARISI LLC | Other Service Provider | $33,478 | — | $33,478 |
| JOHN HANCOCK | Recordkeeper | $28,691 | — | $28,691 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $26,710 | — | $26,710 |
| PNC INVESTMENTS | Other Service Provider | $18,314 | — | $18,314 |
| WASHINGTON CAPITAL MANAGEMENT | Other Service Provider | $16,915 | — | $16,915 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | $15,914 | — | $15,914 |
| STOCKBRIDGE NICHE LOGISTICS | Other Service Provider | $13,903 | — | $13,903 |
| FIFTH THIRD BANK | Other Service Provider | $10,057 | — | $10,057 |
| STOCKBRIDGE SMART MARKETS FUND, LP | Other Service Provider | $10,019 | — | $10,019 |
| AMERICAN GRAPHICS | Other Service Provider | $9,470 | — | $9,470 |
| FRSECURE LLC - CYBER SECURITY RISK | Other Service Provider | $8,844 | — | $8,844 |
| ARES MANAGEMENT LLC | Other Service Provider | $6,970 | — | $6,970 |
| NATIONAL COORDINATING COMMITTEE | Other Service Provider | $5,100 | — | $5,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $518,699
- Estimated Expense Ratio: 0.680% 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 | $554,950 | $249,674 | $100,642 | $42,121 | — |
| 2023 | $548,615 | $237,303 | $116,740 | — | — |
| 2022 | $606,083 | $275,998 | — | — | $293,536 |