Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No 58 Retirement Fund
- Sponsor EIN: 161188938
- Sponsor Address: 6801 CROSSBOW DRIVE, EAST SYRACUSE, NY, 13057
- Plan Type: DC
- Total Participants: 214
- Total Assets: $14.3M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 214 | $14.3M | $671,934 | $0 |
| 2023 | 212 | $13.5M | $741,101 | $0 |
| 2022 | 212 | $11.8M | $780,279 | $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 |
|---|---|---|---|---|
| D'ARCANGELO & CO. LLP | Auditor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,000
- Estimated Expense Ratio: 0.070% 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 | $125,262 | $20,000 | $35,742 | $10,000 | — |
| 2023 | $130,814 | $20,000 | $28,483 | — | — |
| 2022 | $123,731 | $1,331 | $27,430 | — | $51,867 |