Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Pension Fund Of Local Union
- Sponsor EIN: 231494364
- Sponsor Address: 1301 S. COLUMBUS BLVD., PHILADELPHIA, PA, 191475505
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,833
- Total Assets: $519.2M
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 | 1,833 | $519.2M | $42.5M | $0 |
| 2023 | 1,838 | $487.2M | $39.6M | $0 |
| 2022 | 1,809 | $469.6M | $39.6M | $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 |
|---|---|---|---|---|
| OLD GLORY ASSET MANAGEMENT | Other Service Provider | $377,162 | — | $377,162 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $313,483 | — | $313,483 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $295,082 | — | $295,082 |
| RBC GLOBAL ASSET MANAGEMENT INC | Recordkeeper | $264,110 | — | $264,110 |
| HARDMAN JOHNSTON GLOBAL ADVISORS | Other Service Provider | $263,406 | — | $263,406 |
| THOMAS KLINGENBERG | Other Service Provider | $225,056 | — | $225,056 |
| INVESTMENT PERFORMANCE SERVICES, LL | Other Service Provider | $210,000 | — | $210,000 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $198,987 | — | $198,987 |
| STONERIDGE INVESTMENT PARTNERS LLC | Other Service Provider | $193,510 | — | $193,510 |
| NEW TOWER TRUST COMPANY | Other Service Provider | — | $168,747 | $168,747 |
| DENNIS SIRAVO | Other Service Provider | $167,190 | — | $167,190 |
| WASHINGTON CAPITAL MANAGEMENT, INC. | Other Service Provider | $163,680 | — | $163,680 |
| CONESTOGA CAPITAL | Other Service Provider | — | $156,567 | $156,567 |
| GREAT LAKES ADVISORS, LLC | Other Service Provider | $156,185 | — | $156,185 |
| CHRISTOPHER DOWNEY | Other Service Provider | $134,344 | — | $134,344 |
| BRIDGEWAY BENEFIT TECHNOLOGY | Other Service Provider | $133,766 | — | $133,766 |
| NEUBERGER BERMAN | Other Service Provider | $124,566 | — | $124,566 |
| NB ALTERNATIVES ADVISERS LLC | Other Service Provider | $110,000 | — | $110,000 |
| NICOLE BRAKER | Other Service Provider | $88,909 | — | $88,909 |
| KRISTEN N. SHEASLEY | Other Service Provider | $84,396 | — | $84,396 |
| SPEAR WILDERMAN, PC | Other Service Provider | $77,388 | — | $77,388 |
| MARYELLEN KANE | Other Service Provider | $76,695 | — | $76,695 |
| SHERYLE MULHOLLAND | Other Service Provider | $75,920 | — | $75,920 |
| ELIZABETH FORBES | Other Service Provider | $71,973 | — | $71,973 |
| THE MCKEOGH COMPANY | Other Service Provider | $71,667 | — | $71,667 |
| ASHLEY COYLE | Other Service Provider | $56,840 | — | $56,840 |
| DEBRA CABIDA | Other Service Provider | $54,720 | — | $54,720 |
| ENTRUST PARTNERS LLC | Other Service Provider | $53,417 | — | $53,417 |
| SUSANIN WIDMAN & BRENNAN PC | Other Service Provider | $52,670 | — | $52,670 |
| YANIRA RODRIGUEZ | Other Service Provider | $52,597 | — | $52,597 |
| NOVAK FRANCELLA, LLC | Auditor | $51,052 | — | $51,052 |
| ASHLEY GILDERMAN | Other Service Provider | $45,599 | — | $45,599 |
| ZULIANA M VELEZ-OSORIO | Other Service Provider | $43,588 | — | $43,588 |
| PRINCIPAL FINANCIAL GROUP, INC. | Other Service Provider | $36,894 | — | $36,894 |
| THE NORTHERN TRUST INVESTMENTS, INC | Other Service Provider | $23,572 | — | $23,572 |
| APOLLO ADVISORS VIII, L.P. | Other Service Provider | $19,792 | — | $19,792 |
| RCP ADVISORS II LLC | Other Service Provider | — | $11,739 | $11,739 |
| PAYCHEX INC | Recordkeeper | $9,671 | — | $9,671 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC GLOBAL ASSET MANAGEMENT INC — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
- PAYCHEX INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,714,940
- Estimated Expense Ratio: 0.908% 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 | $8,009,622 | $4,364,133 | — | $44,000 | — |
| 2023 | $7,326,315 | $3,759,037 | — | $59,524 | — |
| 2022 | $7,464,260 | $3,844,057 | — | — | $249,990 |