Plan Ledger DOL Form 5500 · updated monthly

Sheet Metal 7 Zone 3 Pension FundDC plan

SHEET METAL 7 ZONE 3 PENSION FUND · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Sheet Metal 7 Zone 3 Pension Fund reported $437,926 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $21,150 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 420th-largest of 2,619 plans among Michigan employers on file, and the 867th of 5,337 in construction.

Plan summary
Net assets, end of year$65,401,591
Participants with balances—
Active participants227
Employer contributions$4,801,155
Employee contributions—
Employer contribution per active participant$21,150
Average account balance—
Benefits paid to participants$5,573,229
Plan auditUnmodified (clean) audit opinion
AuditorWESLEY HADDAD & CO LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,150
Investment management$284,841
Audit (IQPA)$15,330
Total administrative$437,926
Employer contributions to the Sheet Metal 7 Zone 3 Pension Fund plan · 2024
Employer contribution per active participant$21,150
Median for plans this size$3,635

Sheet Metal 7 Zone 3 Pension Fund's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 202412
BENESYS INC. · Claims processing · Contract administrator$59,761
MORGAN STANLEY SMITH BARNEY LLC · Custodial (securities) · Investment advisory (plan)$116,130
CHEVY CHASE · Investment management$41,840
ANCORA · Investment management$28,396
SEGAL SBH · Investment management$24,088
LEDBETTER PARISI LLC · Insurance broker$21,396
WRUBEL WESLEY & CO C.P.A.'S · Investment management$15,330
TCW · Investment management$14,379
ARISTOTLE · Investment management$14,005
BOSTON · Investment management$14,005
CUNI, RUST & STRENK · Actuarial$13,283
SAGE · Investment management$6,305

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

Administrative cost history1
2024$437,926 · 0.69%
Similar plansConstruction · Michigan
Bierlein Companies, Inc. MI$65.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386237161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.