Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal Workers Local 20 Gary Area Pension Fund
- Sponsor EIN: 356057213
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: DB
- Total Participants: 499
- Total Assets: $112.6M
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 | 499 | $112.6M | $6.6M | $0 |
| 2023 | 499 | $101.1M | $6.3M | $0 |
| 2022 | 476 | $89.5M | $6.1M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | NONE | $432,327 | — | $432,327 |
| THE SEGAL COMPANY (MIDWEST), INC. | NONE | $72,895 | — | $72,895 |
| TIC MIDWEST LLC | NONE | $64,113 | — | $64,113 |
| LEGACY PROFESSIONALS LLP | NONE | $49,398 | — | $49,398 |
| ASHER,GITTLER & D'ALBA, LTD | NONE | $47,096 | — | $47,096 |
| FIRST STATE TRUST COMPANY | NONE | $43,839 | — | $43,839 |
| VICTORY CAPITAL MANAGEMENT | NONE | $12,750 | — | $12,750 |
| LEGAL & GENERAL INVESTMENT MGMT | NONE | $5,861 | — | $5,861 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — NONE
- LEGACY PROFESSIONALS LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $728,279
- Estimated Expense Ratio: 0.647% 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 | $812,376 | $450,938 | $59,175 | $47,013 | — |
| 2023 | $746,171 | $392,359 | $54,600 | $44,850 | — |
| 2022 | $691,371 | $432,739 | $54,600 | — | $132,872 |