# Sheet Metal Workers Local Union No. 32 Pension Trust Fund DB Plan
Source: https://planprovider.pro/companies/trustees-of-sheet-metal-workers-lu-no-32-pension-trust-fund-plan

> Sheet Metal Workers Local Union No. 32 Pension Trust Fund&#39;s DB plan: 207 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Sheet Metal Workers Local Union No. 32 Pension Trust Fund

- **Sponsor EIN:** 596152610

- **Sponsor Address:** 2010 NW 150TH AVENUE, SUITE 200, PEMBROKE PINES, FL, 33028

- **Plan Type:** DB

- **Total Participants:** 207

- **Total Assets:** $62.8M

## 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.|

| 2025|207|$62.8M|$0|$0|

| 2024|162|$59.1M|$0|$0|

| 2023|161|$62.4M|$0|$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|

| LAPADULA CARLSON & CO|Auditor|$22,393|—|$22,393|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LAPADULA CARLSON & CO](https://planprovider.pro/provider/lapadula-carlson-co) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $22,393

- **Estimated Expense Ratio:** 0.036% 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|

| 2025|$563,160|$236,012|—|$22,393|—|

| 2024|$505,478|$135,991|—|$10,800|—|

| 2023|$516,620|$231,186|$92,493|—|—|

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