Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal Workers' Local 10 Pension Fund
- Sponsor EIN: 411562581
- Sponsor Address: 1681 EAST COPE AVENUE, SUITE B, MAPLEWOOD, MN, 551092638
- Plan Type: DB
- Total Participants: 2,561
- Total Assets: $406.1M
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 | 2,561 | $406.1M | $31.9M | $0 |
| 2023 | 2,616 | $365.9M | $28.7M | $0 |
| 2022 | 2,612 | $321.8M | $25.5M | $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 |
|---|---|---|---|---|
| SHEET METAL CONTROL BOARD | Other Service Provider | $349,980 | — | $349,980 |
| GREAT LAKES ADVISORS | Other Service Provider | $226,306 | — | $226,306 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $105,000 | $50 | $105,050 |
| THE SEGAL COMPANY | Other Service Provider | $64,263 | — | $64,263 |
| UNION BANK & TRUST | ERISA Attorney | $47,167 | — | $47,167 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $43,662 | — | $43,662 |
| CLIFTONLARSONALLEN LLP | Auditor | $34,283 | — | $34,283 |
| LEXINGTON PARTNERS | Other Service Provider | $29,546 | — | $29,546 |
| SIERRA INVESTMENT MANAGEMENT | Other Service Provider | $8,183 | — | $8,183 |
| UNION FIRST LASER TECHNOLOGIES | Other Service Provider | $6,964 | — | $6,964 |
| KOVITZ INVESTMENT GROUP | Other Service Provider | $6,647 | — | $6,647 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK & TRUST — ERISA Attorney
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $922,051
- Estimated Expense Ratio: 0.227% 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 | $1,219,017 | $424,716 | $338,988 | $34,283 | — |
| 2023 | $1,396,262 | $631,220 | $335,712 | $33,075 | — |
| 2022 | $1,171,239 | $497,167 | $325,884 | — | $114,168 |