Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No. 80 Insurance Trust Fund
- Sponsor EIN: 237165969
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 480982808
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,429
- Total Assets: $30.4M
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 | 1,429 | $30.4M | $21.6M | $1.9M |
| 2023 | 1,444 | $30.2M | $22.5M | $1.8M |
| 2022 | 1,191 | $25.6M | $18.3M | $1.8M |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $572,605 | — | $572,605 |
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $564,551 | — | $564,551 |
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $112,978 | — | $112,978 |
| DELTA DENTAL OF MICHIGAN | Other Service Provider | $81,479 | — | $81,479 |
| WATKINS PAWLICK CALATI PRIFTI PC | Other Service Provider | $75,918 | — | $75,918 |
| STEFANSKY HOLLOWAY NICHOLS | Other Service Provider | $67,892 | — | $67,892 |
| PNC FINANCIAL SERVICES GROUP | Other Service Provider | $41,504 | — | $41,504 |
| AMERICAN GRAPHICS PRINTING COMPANY | Other Service Provider | $39,337 | — | $39,337 |
| ULLIANCE, INC | Other Service Provider | $38,614 | — | $38,614 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $21,900 | — | $21,900 |
| SALUS GROUP | Other Service Provider | $16,500 | — | $16,500 |
| VISION SERVICE PLAN | Other Service Provider | $15,710 | — | $15,710 |
| THE SEGAL COMPANY, INC. | Other Service Provider | $9,696 | — | $9,696 |
| LEGG MASON & COMPANY, LLC | Other Service Provider | $6,952 | — | $6,952 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,665,636
- Estimated Expense Ratio: 5.488% 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 | $1,643,410 | $119,931 | $1,135,208 | $21,900 | — |
| 2023 | $1,524,027 | $63,431 | $1,076,861 | $20,900 | — |
| 2022 | $1,403,439 | $130,182 | $993,579 | — | $180,533 |