Sheet Metal Workers Local 63Money purchase plan
SHEET METAL WORKERS LOCAL UNION NO. 63 SUPPLEMENTAL ANNUITY PLAN · SPRINGFIELD, MA · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Sheet Metal Workers Local 63 reported $166,414 in plan administrative expenses for 2022: 0.22% of average plan assets, above the peer median. Employer contributions averaged $6,599 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 9,341 comparable plans and shown alongside other construction employers. By assets it is the 525th-largest of 2,726 plans among Massachusetts employers on file, and the 802nd of 5,337 in construction.
Sheet Metal Workers Local 63's 2022 employer contribution ran above the $3,449 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 046128658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.