Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal Local 10 Supplemental Retirement Fund
- Sponsor EIN: 416162383
- Sponsor Address: 1681 EAST COPE AVENUE, SUITE B, MAPLEWOOD, MN, 551092631
- Plan Type: DC
- Total Participants: 4,308
- Total Assets: $572.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,308 | $572.5M | $19.5M | $3.2M |
| 2023 | 4,277 | $520.3M | $19.4M | $2.7M |
| 2022 | 4,254 | $463.3M | $19.5M | $2.7M |
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 |
|---|---|---|---|---|
| SHEET METAL CONTROL BOARD | Other Service Provider | $195,328 | — | $195,328 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $105,000 | $50 | $105,050 |
| MORGAN STANLEY GLOBAL BANKING OPERA | Other Service Provider | $92,699 | — | $92,699 |
| SHUMAKER, LOOP & KENRICK, LLP | Other Service Provider | $38,700 | — | $38,700 |
| CLIFTONLARSONALLEN LLP | Auditor | $27,615 | — | $27,615 |
| JOHN HANCOCK RETIREMENT PLAN SERVIC | Recordkeeper | $25,389 | — | $25,389 |
| SIERRA INVESTMENT MANAGEMENT | Other Service Provider | $10,565 | — | $10,565 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
- JOHN HANCOCK RETIREMENT PLAN SERVIC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $495,346
- Estimated Expense Ratio: 0.087% 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 | $576,141 | $233,653 | $191,232 | $27,615 | — |
| 2023 | $470,970 | $132,971 | $191,832 | $26,040 | — |
| 2022 | $562,127 | $258,890 | $190,950 | — | $62,695 |