Plan Snapshot
- Plan Sponsor: The Trustees Of Sheet Metal Workers' Local Union No 80 Annuity
- Sponsor EIN: 382941426
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480982808
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,676
- Total Assets: $129.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,676 | $129.5M | $4.7M | $2.2M |
| 2023 | 1,656 | $121.1M | $4.8M | $2.1M |
| 2022 | 1,542 | $105.1M | $3.8M | $1.8M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $116,126 | — | $116,126 |
| MORGAN STANLEY | Recordkeeper | $70,001 | — | $70,001 |
| BENESYS, INC | Other Service Provider | $17,481 | — | $17,481 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $17,150 | — | $17,150 |
| WATKINS PAWLICK CALATI & PRIFTI PC | Other Service Provider | $12,150 | — | $12,150 |
| THE PNC FINANCIAL SERVICES GROUP | Other Service Provider | $11,440 | — | $11,440 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $244,348
- Estimated Expense Ratio: 0.189% 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 | $281,863 | $170,378 | $14,364 | $17,150 | — |
| 2023 | $278,861 | $69,999 | $14,364 | $16,500 | — |
| 2022 | $260,725 | $164,037 | $14,364 | — | $42,883 |