Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Pension Fund 46
- Sponsor EIN: 516123374
- Sponsor Address: 244 PAUL ROAD, ROCHESTER, NY, 146244992
- Plan Type: DB
- Plan Number: 001
- Total Participants: 381
- Total Assets: $108.8M
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 | 381 | $108.8M | $5.9M | $0 |
| 2023 | 362 | $104.2M | $5.5M | $0 |
| 2022 | 355 | $99.8M | $5.4M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY | Recordkeeper | $250,290 | — | $250,290 |
| SMW LOCAL 46 HEALTH | Other Service Provider | $129,303 | — | $129,303 |
| KARPUS INVESTMENT MANAGEMENTS | Other Service Provider | $102,098 | — | $102,098 |
| MANNING & NAPIER ADVISORS, INC. | Other Service Provider | $70,844 | — | $70,844 |
| SLEVIN AND HART, P.C. | Other Service Provider | $70,692 | — | $70,692 |
| LAZARD FRERES ASSET MANAGEMENT | Other Service Provider | $68,255 | — | $68,255 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $66,000 | — | $66,000 |
| DOLAN MCENIRY CAPITAL MANAGEMENT | Other Service Provider | $48,376 | — | $48,376 |
| BONADIO & CO., LLP | Auditor | $46,100 | — | $46,100 |
| CONFLUENCE | Other Service Provider | $44,074 | — | $44,074 |
| POLEN | Other Service Provider | $37,448 | — | $37,448 |
| MDT ADVISORS | Other Service Provider | $32,954 | — | $32,954 |
| CGA | Other Service Provider | $31,082 | — | $31,082 |
| BAIN CAPITAL SOLUTIONS | Other Service Provider | $19,992 | — | $19,992 |
| M&T BANK | Recordkeeper | $17,765 | — | $17,765 |
| THIRD POINT OFFSHORE FUND LTD. | Other Service Provider | $6,600 | — | $6,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- BONADIO & CO., LLP — Auditor
- M&T BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,041,873
- Estimated Expense Ratio: 0.958% 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 | $932,428 | $554,134 | — | $46,100 | — |
| 2023 | $870,765 | $524,996 | — | — | — |
| 2022 | $895,266 | $535,596 | — | — | $143,386 |