Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local 33
- Sponsor EIN: 311524549
- Sponsor Address: 12515 CORPORATE DRIVE, PARMA, OH, 44130
- Plan Type: DC
- Total Participants: 3,973
- Total Assets: $176.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,973 | $176.5M | $16.6M | $0 |
| 2023 | 3,783 | $154.0M | $14.5M | $0 |
| 2022 | 4,214 | $129.7M | $13.8M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $278,699 | — | $278,699 |
| SHEET METAL WORKERS' LOCAL 33 | Other Service Provider | $112,276 | — | $112,276 |
| MASSACHUSETTS MUTUAL LIFE INSURANCE | Other Service Provider | $96,371 | — | $96,371 |
| MORGAN STANLEY GLOBAL BANKING | Other Service Provider | $60,925 | — | $60,925 |
| BENESYS, INC. | Other Service Provider | $46,249 | — | $46,249 |
| ALLOTTA FARLEY CO., L.P.A. | Other Service Provider | $27,976 | — | $27,976 |
| SMW LOCAL 33 | Recordkeeper | $22,985 | — | $22,985 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $16,000 | — | $16,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $661,481
- Estimated Expense Ratio: 0.375% 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 | $301,972 | $157,296 | $71,561 | $16,000 | — |
| 2023 | $389,390 | $89,075 | $73,476 | $10,800 | — |
| 2022 | $292,530 | $75,082 | $140,194 | — | $44,579 |