Plan Ledger DOL Form 5500 · updated monthly

Bd of Trustees, Northwest Sheet Metal Workers Supp Pension Plan401(k)

NORTHWEST SHEET METAL WORKERS SUPP PENSION PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.24%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Bd of Trustees, Northwest Sheet Metal Workers Supp Pension Plan reported $803,571 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $667 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.26% to 0.24%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 29th-largest of 1,021 plans among Oregon employers on file, and the 197th of 5,337 in construction. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$358,736,003
Participants with balances10,579
Active participants7,556
Employer contributions$5,041,418
Employee contributions$11,593,193
Employer contribution per active participant$667
Average account balance$33,910
Benefits paid to participants$17,092,859
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$358.7M · 10,579 accts · $5.0M emplr
2023$314.9M · 10,029 accts · $4.9M emplr
2022$270.4M · 8,942 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$554,464
Investment management$103,705
Audit (IQPA)$16,996
Total administrative$803,571
The Bd of Trustees, Northwest Sheet Metal Workers Supp Pension Plan 401(k) match · 2024
Employer contribution per active participant$667
Median for plans this size$4,294
2024$667 per active participant
2023$675 per active participant
2022$648 per active participant

Bd of Trustees, Northwest Sheet Metal Workers Supp Pension Plan's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20247
THE STANDARD · Recordkeeping$456,857
BENESYS, INC. · Contract administrator$137,594
RELIANT CONSULTING & RESEARCH · Investment advisory (plan)$47,207
BARLOW COUGHRAN MORALES JOSEPHSON · Legal$25,540
CLIFTONLARSONALLEN LLP · Accounting / audit$16,996
ANASTASI MARTIN & MOORE · Accounting / audit$15,457
MCKANNA BISHOP JOFFE, LLP · Legal$6,543

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$803,571 · 0.24%
2023$761,512 · 0.26%
2022$752,091 · 0.26%
Similar plansConstruction · Oregon
Hoffman Corporation OR$205.9M · 0.00%
Ibew LU-1141 Pension Trust OR$188.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911702340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.