Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal Workers Local Union No. 80 Pension Fund
- Sponsor EIN: 386105633
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 48044
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,348
- Total Assets: $421.7M
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 | 1,348 | $421.7M | $26.3M | $0 |
| 2023 | 1,303 | $393.1M | $28.3M | $0 |
| 2022 | 1,202 | $345.9M | $23.3M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $598,503 | — | $598,503 |
| WCM INVESTMENT MANAGEMENT | Other Service Provider | $382,149 | — | $382,149 |
| EAGLE CAPITAL MANAGEMENT, LLC | Investment Advisor | $341,527 | — | $341,527 |
| BENESYS, INC. | Other Service Provider | $213,048 | — | $213,048 |
| METROPOLITAN WEST ASSET MGMT | Other Service Provider | $134,320 | — | $134,320 |
| CENTERSQUARE INVESTMENT MGMT., INC. | Other Service Provider | $63,825 | — | $63,825 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $63,825 | — | $63,825 |
| STEFANSKY, HOOLOWWAY & NICHOLS, INC | Other Service Provider | $33,476 | — | $33,476 |
| BOYD WATTERSON ASSETMANAGMEENT LLC | Other Service Provider | $30,742 | — | $30,742 |
| WATKINS PAWLICK CALATI & PRIFTI, PC | Other Service Provider | $29,966 | — | $29,966 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $25,700 | — | $25,700 |
| THE PNC FINANCIAL SERVICES GROUP | Other Service Provider | $21,659 | — | $21,659 |
| AMERICAN GRAPHICS PRINTING COMPANY | Other Service Provider | $8,884 | — | $8,884 |
| MACQUEEN & ASSOCIATES, LLC | Other Service Provider | — | $8,156 | $8,156 |
| MLS GROUP OF COMPANIES | Other Service Provider | $7,750 | — | $7,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY, LLC — Recordkeeper
- EAGLE CAPITAL MANAGEMENT, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,963,530
- Estimated Expense Ratio: 0.466% 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 | $2,531,601 | $1,626,099 | $170,436 | $25,700 | — |
| 2023 | $2,367,390 | $1,750,168 | $170,436 | $22,600 | — |
| 2022 | $2,141,013 | $1,531,367 | $170,436 | — | $230,632 |