# Sheet Metal Workers Local Union No. 32 Pension Trust Fund DB Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-union-no-32-pension-trust-fund-596152610-001

> Sheet Metal Workers Local Union No. 32 Pension Trust Fund's DB plan: 207 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sugarman-and-susskind-pa) — ERISA Attorney

- [VICTORY CAPITAL MANAGEMENT INC.](https://planprovider.pro/provider/victory-capital-management-inc) — Investment Advisor

- [LAPADULA CARLSON & CO](https://planprovider.pro/provider/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|—|—|

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