Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local Union 80 Sub Fund, Board Of Trustees
- Sponsor EIN: 386112387
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480982808
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 1,122
- Total Assets: $16.4M
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 | 1,122 | $16.4M | $2.1M | $0 |
| 2023 | 1,070 | $15.0M | $2.2M | $0 |
| 2022 | 1,027 | $11.9M | $1.8M | $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 |
|---|---|---|---|---|
| COHEN & STEERS | Other Service Provider | $175,000 | — | $175,000 |
| BENESYS, INC. | Other Service Provider | $58,305 | — | $58,305 |
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $42,300 | — | $42,300 |
| THE SEGAL COMPANY | Other Service Provider | $15,110 | — | $15,110 |
| SHEET METAL WORKERS LOCAL NO. 80 | Other Service Provider | $12,140 | — | $12,140 |
| BENDA, GRACE, STULZ & COMPANY | Other Service Provider | $11,600 | — | $11,600 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $7,763 | — | $7,763 |
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: $322,218
- Estimated Expense Ratio: 1.961% 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 | $225,468 | $91,879 | $69,200 | $11,600 | — |
| 2023 | $203,152 | $78,340 | $69,200 | $11,200 | — |
| 2022 | $197,454 | $62,414 | $69,200 | — | $27,893 |