# Sheet Metal Workers Pension Fund 46 DB Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-pension-fund-46-516123374-001

> Sheet Metal Workers Pension Fund 46's DB plan: 381 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 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](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [BONADIO & CO., LLP](https://planprovider.pro/provider/bonadio-and-co-llp) — Auditor

- [M&T BANK](https://planprovider.pro/provider/trustage) — 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|

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