# Sheet Metal Workers Local No. 71 Industry Welfare Trust Fund 401(k) Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-no-71-industry-welfare-trust-fund-160864434-501

> Sheet Metal Workers Local No. 71 Industry Welfare Trust Fund's 401(k) plan: 316 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper

- [AHREN VOGL](https://planprovider.pro/provider/charles-schwab-and-co-inc) — 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|

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