Plan Snapshot
- Plan Sponsor: Trustees Of The Sheet Metal Workers Local 44
- Sponsor EIN: 232143139
- Sponsor Address: 270 NORTH SHERMAN STREET, WILKES BARRE, PA, 187025316
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 193
- Total Assets: $2.9M
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 | 193 | $2.9M | $4.1M | $617,963 |
| 2023 | 207 | $2.7M | $4.0M | $463,964 |
| 2022 | 220 | $2.2M | $4.4M | $400,998 |
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 |
|---|---|---|---|---|
| HIGHMARK INC | Other Service Provider | $62,800 | — | $62,800 |
| LAWRENCE C MUSGROVE ASSOCIATES | Other Service Provider | $33,000 | — | $33,000 |
| GUARDIAN LIFE INSURANCE COMPANY | Recordkeeper | $17,133 | — | $17,133 |
| ALAN ROSS & COMPANY PC | Other Service Provider | $11,080 | — | $11,080 |
| O'DONOGHUE & O'DONOGHUE | Other Service Provider | $7,520 | — | $7,520 |
| FOSTER & FOSTER | Other Service Provider | $7,185 | — | $7,185 |
| BERKSHIRE ASSET MANAGMENT | Other Service Provider | $7,078 | — | $7,078 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUARDIAN LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $145,796
- Estimated Expense Ratio: 4.985% 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 | $261,586 | $7,078 | $33,000 | $12,541 | — |
| 2023 | $257,846 | $4,797 | $33,000 | $11,998 | — |
| 2022 | $527,149 | $4,893 | $32,000 | — | $29,171 |