Plan Snapshot
- Plan Sponsor: Toledo Area Sheet Metal Workers Pension Plan Joint Board Of Trustee
- Sponsor EIN: 346682530
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480982808
- Plan Type: DB
- Plan Number: 001
- Total Participants: 352
- Total Assets: $49.4M
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 | 352 | $49.4M | $5.8M | $0 |
| 2023 | 337 | $46.6M | $5.5M | $0 |
| 2022 | 325 | $44.0M | $5.3M | $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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $70,508 | — | $70,508 |
| VANGUARD | Other Service Provider | $64,858 | — | $64,858 |
| HAMLIN CAPITAL MANAGEMENT | Other Service Provider | $43,700 | — | $43,700 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $42,500 | — | $42,500 |
| MORGAN STANLEY | Recordkeeper | $30,719 | — | $30,719 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $30,298 | — | $30,298 |
| SHUMAKER, LOOP & KENDRICK LLP | Other Service Provider | $24,672 | — | $24,672 |
| REINHART PARTNERS, INC. | Other Service Provider | $20,435 | — | $20,435 |
| MACQUEEN INSURANCE GROUP | Other Service Provider | $18,649 | — | $18,649 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $16,075 | — | $16,075 |
| ERNST & YOUNG US LLP | Auditor | $12,953 | — | $12,953 |
| SMW FRINGE BENEFIT FUNDS, INC. | Other Service Provider | $9,413 | — | $9,413 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $9,233 | — | $9,233 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- ERNST & YOUNG US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $394,013
- Estimated Expense Ratio: 0.798% 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 | $459,731 | $183,417 | $75,217 | $12,059 | — |
| 2023 | $429,987 | $209,826 | $74,385 | $7,500 | — |
| 2022 | $491,852 | $221,345 | $73,567 | — | $140,251 |