Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local No 83 Annuity
- Sponsor EIN: 141758410
- Sponsor Address: 900 COMMERCE DRIVE, CLIFTON PARK, NY, 120651312
- Plan Type: DC
- Total Participants: 309
- Total Assets: $43.8M
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 | 309 | $43.8M | $2.3M | $0 |
| 2023 | 319 | $38.4M | $2.2M | $0 |
| 2022 | 334 | $33.7M | $2.2M | $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 |
|---|---|---|---|---|
| NEXT FINANCIAL GROUP, INC. | NONE | — | $64,972 | $64,972 |
| NATIONWIDE LIFE INSURANCE COMPANY | NONE | $46,657 | — | $46,657 |
| TEAL, BECKER, AND CHIARAMONTE, CPAS | NONE | $15,000 | — | $15,000 |
| KRAKOW, SOURIS, & LANDRY, LLC | NONE | $10,000 | — | $10,000 |
| CREATIVE PENSION CONSULTANTS, INC. | NONE | $9,600 | — | $9,600 |
| JAMES M. SHEPPARD, CPA | NONE | $8,920 | — | $8,920 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,149
- Estimated Expense Ratio: 0.354% 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 | $77,678 | — | $9,600 | $15,000 | — |
| 2023 | $84,542 | — | $18,325 | $15,000 | — |
| 2022 | $94,325 | — | — | — | $54,323 |