Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No. 17 Annuity Income Fund
- Sponsor EIN: 046394579
- Sponsor Address: 1157 ADAMS STREET, 1ST FLOOR, DORCHESTER, MA, 021245788
- Plan Type: DC
- Plan Number: 003
- Total Participants: 3,288
- Total Assets: $656.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,288 | $656.3M | $31.2M | $0 |
| 2023 | 3,065 | $616.7M | $28.0M | $0 |
| 2022 | 2,868 | $540.5M | $20.9M | $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 |
|---|---|---|---|---|
| SMW ANNUITY | Other Service Provider | $484,259 | — | $484,259 |
| SMW INSURANCE | Recordkeeper | $320,612 | — | $320,612 |
| SEGAL MARCO ADVISORS | Other Service Provider | $206,250 | — | $206,250 |
| NEW TOWER TRUST COMPANY | Other Service Provider | — | $151,055 | $151,055 |
| NEWTON INVESTMENT MANAGEMENT | Other Service Provider | $147,504 | — | $147,504 |
| LSV INVESTMENT | Other Service Provider | $143,361 | — | $143,361 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $123,486 | — | $123,486 |
| COLUMBIA ASSET MANAGEMENT | Other Service Provider | $113,296 | — | $113,296 |
| INCOME RESEARCH MANAGEMENT | Other Service Provider | $103,836 | — | $103,836 |
| BLACKSTONE ALTERNATIVE ASSET | Other Service Provider | $83,306 | — | $83,306 |
| BUCK GLOBAL LLC | Other Service Provider | $52,578 | — | $52,578 |
| UNION LABOR LIFE | Recordkeeper | $40,952 | — | $40,952 |
| EMPOWER ADVISORY GROUP LLC | Other Service Provider | $40,191 | — | $40,191 |
| KRAKOW, SOURIS & LANDRY | Other Service Provider | $34,299 | — | $34,299 |
| MANZI & ASSOCIATES | Other Service Provider | $31,513 | — | $31,513 |
| INTERCONTINENTAL | Other Service Provider | $13,541 | — | $13,541 |
| LAPIER, DILLON AND ASSOCIATES PC | Auditor | $7,681 | — | $7,681 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMW INSURANCE — Recordkeeper
- UNION LABOR LIFE — Recordkeeper
- LAPIER, DILLON AND ASSOCIATES PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,097,720
- Estimated Expense Ratio: 0.320% 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 | $1,163,099 | $655,530 | $320,612 | $30,950 | — |
| 2023 | $1,045,116 | $552,633 | $331,728 | $94,880 | — |
| 2022 | $781,808 | $445,156 | $230,804 | — | $70,367 |