# Sheet Metal Workers Local 224 Pension Fund Bd Of Trustees DB Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-224-pension-fund-bd-of-trustees-plan

> Sheet Metal Workers Local 224 Pension Fund Bd Of Trustees's DB plan: 297 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CLARK, SCHAEFER, HACKETT & CO.|Auditor|$42,121|—|$42,121|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $42,121

- **Estimated Expense Ratio:** 0.055% 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|

## Similar Plans

- [Board Of Trustees, Flint Area Sheet Metal Workers Local 7 Zone 4](https://planprovider.pro/companies/board-of-trustees-flint-area-sheet-metal-workers-local-7-zone-4-plan) — 203 participants

- [Fessler & Bowman, INC.](https://planprovider.pro/companies/fessler-bowman-inc-401k-plan) — 403 participants

- [Trustees Of Outstate Michigan Trowel Trades Pension Fund](https://planprovider.pro/companies/trustees-of-outstate-michigan-trowel-trades-pension-fund-plan) — 426 participants

- [Sherriff-Goslin Company](https://planprovider.pro/companies/sherriff-goslin-company-401k-plan) — 152 participants

- [The Board Of Trustees Of The Mi Glass & Glazing Industry Dc](https://planprovider.pro/companies/the-board-of-trustees-of-the-mi-glass-glazing-industry-dc-plan) — 447 participants

- [Merlo Construction Company, INC.](https://planprovider.pro/companies/merlo-construction-company-inc-401k-plan) — 144 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/sheet-metal-workers-local-224-pension-fund-bd-of-trustees-plan)

© 2026 PlanProvider.Pro