Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) match, vesting and fees
What Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Life & Annuity Insurance Co | Schedule C ↗ |
| Independent auditor | Schultheis & Panettieri, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd: employer contribution per participant | $6,309 | |
| Peer median | $2,900 |
| Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd: average balance | $181,032 | |
| Peer median | $67,876 |
| Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.26% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $208M at the end of plan year 2021 to $213M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,446 | $213M | $7.4M | $6,309 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 1,445 | $201M | $7.2M | $6,213 | 0.30% | Not published | Form 5500 ↗ |
| 2022 | 1,418 | $186M | $7.1M | $6,116 | 0.27% | Not published | Form 5500 ↗ |
| 2021 | 1,225 | $208M | $6.2M | $5,895 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd match 401(k) contributions?
The match terms for the Sheet Metal Workers Union Local 38 Profit Sharing Fund have not been published from its filing yet. The plan year 2024 filing reports $7.4M in employer contributions, about $6,309 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) match vested?
The vesting schedule for the Sheet Metal Workers Union Local 38 Profit Sharing Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Life & Annuity Insurance Co. The plan administrator is Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd.
I left Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd, (845) 278-9633) or the recordkeeper, Empower Life & Annuity Insurance Co. The Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd old 401(k) page lists the contacts from every plan filing. Find an old Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k)
Data from the public Form 5500 annual reports Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd. Not financial advice. Report a correction · Methodology