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
- 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. |
|---|---|---|---|---|
| 2025 | 1,833 | $519.2M | $0 | $0 |
| 2024 | 1,838 | $487.2M | $0 | $0 |
| 2023 | 1,809 | $469.6M | $0 | $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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $44,000 | — | $44,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,000
- Estimated Expense Ratio: 0.008% 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 |
|---|---|---|---|---|---|
| 2025 | $8,009,622 | $4,364,133 | — | $44,000 | — |
| 2024 | $7,326,315 | $3,759,037 | — | $59,524 | — |
| 2023 | $7,464,260 | $3,844,057 | — | — | $249,990 |