Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No. 71 Industry Welfare Trust Fund
- Sponsor EIN: 160864434
- Sponsor Address: 24 LIBERTY AVENUE, BUFFALO, NY, 14215
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 316
- Total Assets: $8.3M
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 | 316 | $8.3M | $5.3M | $42,216 |
| 2023 | 309 | $7.8M | $5.2M | $46,609 |
| 2022 | 292 | $7.4M | $4.9M | $55,017 |
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 |
|---|---|---|---|---|
| CHARLES HAKE | Recordkeeper | $75,067 | — | $75,067 |
| SEGAL CONSULTING | Other Service Provider | $42,500 | — | $42,500 |
| AHREN VOGL | Recordkeeper | $27,403 | — | $27,403 |
| WILMINGTON TRUST | Other Service Provider | $24,947 | — | $24,947 |
| TRONCONI SEGARRA & ASSOCIATES, LLP | Other Service Provider | $20,775 | — | $20,775 |
| LIPSITZ, GREEN, SCIME, CAMBRIA LLP | Other Service Provider | $7,945 | — | $7,945 |
| PCA TECHNOLOGY GROUP, INC. | Other Service Provider | $5,877 | — | $5,877 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES HAKE — Recordkeeper
- AHREN VOGL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,514
- Estimated Expense Ratio: 2.464% 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 | $567,993 | $24,947 | $213,901 | $21,300 | — |
| 2023 | $525,296 | $22,975 | $205,416 | $25,760 | — |
| 2022 | $506,944 | $21,819 | $183,984 | — | $83,588 |