Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No. 20, Indianapolis Area, Pension Fund
- Sponsor EIN: 510168516
- Sponsor Address: 2828 EAST 45TH STREET, INDIANAPOLIS, IN, 462052403
- Plan Type: DB
- Total Participants: 987
- Total Assets: $211.7M
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 | 987 | $211.7M | $12.1M | $0 |
| 2023 | 886 | $194.2M | $10.6M | $0 |
| 2022 | 832 | $174.2M | $9.2M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | NONE | $553,704 | — | $553,704 |
| THE SEGAL COMPANY (MIDWEST), INC. | NONE | $89,916 | — | $89,916 |
| FIRST STATE TRUST COMPANY | NONE | $87,222 | — | $87,222 |
| SONYA HOWARD | EMPLOYEE | $34,544 | — | $34,544 |
| CYNTHIA PITMAN | FORMER EMPLOYEE | $34,300 | — | $34,300 |
| LEGACY PROFESSIONALS LLP | Auditor | $29,636 | — | $29,636 |
| CLIFTONLARSONALLEN LLP | NONE | $29,636 | — | $29,636 |
| LEDBETTER PARTNERS, LLC | NONE | $27,704 | — | $27,704 |
| VICTORY CAPITAL MANAGEMENT | NONE | $25,501 | — | $25,501 |
| LEGAL & GENERAL INVESTMENT MGMT | NONE | $11,946 | — | $11,946 |
| KMR SYSTEMS CORPORATION | NONE | $7,365 | — | $7,365 |
| SEGAL SELECT INSURANCE SERVICES INC | NONE | — | $5,744 | $5,744 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — NONE
- SONYA HOWARD — EMPLOYEE
- LEGACY PROFESSIONALS LLP — Auditor
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $937,218
- Estimated Expense Ratio: 0.443% 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 | $1,300,576 | $833,255 | — | $29,636 | — |
| 2023 | $1,210,056 | $847,200 | — | $27,993 | — |
| 2022 | $1,252,980 | $893,885 | $144,174 | — | $108,822 |