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
- 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. |
|---|---|---|---|---|
| 2025 | 3,288 | $656.3M | $0 | $0 |
| 2024 | 3,065 | $616.7M | $0 | $0 |
| 2023 | 2,868 | $540.5M | $0 | $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 |
|---|---|---|---|---|
| MANZI & ASSOCIATES, LLC | Auditor | $30,950 | — | $30,950 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,950
- Estimated Expense Ratio: 0.005% 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 |
|---|---|---|---|---|---|
| 2025 | $1,163,099 | $655,530 | $320,612 | $30,950 | — |
| 2024 | $1,045,116 | $552,633 | $331,728 | $94,880 | — |
| 2023 | $781,808 | $445,156 | $230,804 | — | $70,367 |