Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local Union No. 32 Pension Trust Fund
- Sponsor EIN: 596152610
- Sponsor Address: 2010 NW 150TH AVENUE, SUITE 200, PEMBROKE PINES, FL, 33028
- Plan Type: DB
- Plan Number: 001
- Total Participants: 207
- Total Assets: $62.8M
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 | 207 | $62.8M | $1.2M | $0 |
| 2023 | 162 | $59.1M | $959,814 | $0 |
| 2022 | 161 | $62.4M | $956,046 | $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 |
|---|---|---|---|---|
| NEBA INC. | Other Service Provider | $99,279 | — | $99,279 |
| SUGARMAN & SUSSKIND, P.A | ERISA Attorney | $82,790 | — | $82,790 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $76,226 | — | $76,226 |
| INVESTMENT PERFORMANCE SERVICES, LL | Other Service Provider | $60,000 | — | $60,000 |
| POST TRADITIONAL HIGH YIELD FUND, L | Other Service Provider | $26,859 | — | $26,859 |
| FIRST EAGLE INVESTMENT MANAGEMENT, | Other Service Provider | $24,530 | — | $24,530 |
| VICTORY CAPITAL MANAGEMENT INC. | Investment Advisor | $21,189 | — | $21,189 |
| LAPADULA CARLSON & CO | Auditor | $20,897 | — | $20,897 |
| HARDMAN JOHNSTON INTERNATIONAL EQUI | Other Service Provider | $20,286 | — | $20,286 |
| SAGE ADVISORY SERVICES | Other Service Provider | $18,264 | — | $18,264 |
| US BANK | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SUGARMAN & SUSSKIND, P.A — ERISA Attorney
- VICTORY CAPITAL MANAGEMENT INC. — Investment Advisor
- LAPADULA CARLSON & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $456,320
- Estimated Expense Ratio: 0.727% 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 | $563,160 | $236,012 | — | $22,393 | — |
| 2023 | $505,478 | $135,991 | — | $10,800 | — |
| 2022 | $516,620 | $231,186 | $92,493 | — | — |