Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal #10 Benefit Fund
- Sponsor EIN: 410871191
- Sponsor Address: 1681 EAST COPE AVENUE, SUITE B, MAPLEWOOD, MN, 551092631
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,094
- Total Assets: $101.0M
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 | 3,094 | $101.0M | $55.2M | $7.9M |
| 2023 | 3,060 | $89.2M | $52.5M | $7.9M |
| 2022 | 3,082 | $76.8M | $51.5M | $7.9M |
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 |
|---|---|---|---|---|
| PRIME THERAPEUTICS | Other Service Provider | $98,700 | $488,647 | $587,347 |
| SHEET METAL CONTROL BOARD | Other Service Provider | $532,387 | — | $532,387 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $530,212 | — | $530,212 |
| DDMN ASO, LLC | Other Service Provider | $87,029 | — | $87,029 |
| BENEVELLE CONSULTING CORPORATION | Other Service Provider | $78,000 | — | $78,000 |
| BCBSMN, INC. | Other Service Provider | $76,704 | — | $76,704 |
| TEAM, INC. | Other Service Provider | $76,252 | — | $76,252 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $71,429 | — | $71,429 |
| DOLAN MCENIRY | Other Service Provider | $48,749 | — | $48,749 |
| UNION FIRST LASER TECHNOLOGIES | Other Service Provider | $33,844 | — | $33,844 |
| CLIFTONLARSONALLEN LLP | Auditor | $33,075 | — | $33,075 |
| MEKETA INVESTMENT GROUP INC | Other Service Provider | $28,000 | $50 | $28,050 |
| UNION BANK AND TRUST COMPANY | ERISA Attorney | $14,254 | — | $14,254 |
| FR SECURE | Other Service Provider | $7,402 | — | $7,402 |
| ZELIS | Other Service Provider | $5,132 | — | $5,132 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
- UNION BANK AND TRUST COMPANY — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,209,866
- Estimated Expense Ratio: 2.188% 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 | $1,779,087 | $74,220 | $1,393,681 | $33,075 | — |
| 2023 | $2,829,224 | $61,132 | $2,464,075 | $31,500 | — |
| 2022 | $861,630 | $61,104 | $552,371 | — | $179,341 |