Trustees of the Sheet Metal Workers Local 44 retirement plan: assets, participants and fees
What Trustees of the Sheet Metal Workers Local 44's retirement plan 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 Retirement, LLC | Schedule C ↗ |
| Independent auditor | Alan Ross and Company PC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Trustees of the Sheet Metal Workers Local 44: employer contribution per participant | $4,384 | |
| Peer median | $1,847 |
| Trustees of the Sheet Metal Workers Local 44: average balance | $143,771 | |
| Peer median | $65,512 |
| Trustees of the Sheet Metal Workers Local 44: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.32% |
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 $52.4M at the end of plan year 2021 to $51.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 356 | $51.2M | $1.6M | $4,384 | 0.23% | Not published | Form 5500 ↗ |
| 2023 | 393 | $47.1M | $1.5M | $3,707 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 407 | $42.5M | $1.6M | $4,014 | 0.28% | Not published | Form 5500 ↗ |
| 2021 | 373 | $52.4M | $1.6M | $4,231 | 0.22% | Not published | Form 5500 ↗ |
Common questions
Does Trustees of the Sheet Metal Workers Local 44 match 401(k) contributions?
The match terms for the Sheet Metal Workers Local 44 Annuity Fund have not been published from its filing yet. The plan year 2024 filing reports $1.6M in employer contributions, about $4,384 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Trustees of the Sheet Metal Workers Local 44 401(k) match vested?
The vesting schedule for the Sheet Metal Workers Local 44 Annuity Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Trustees of the Sheet Metal Workers Local 44 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Retirement, LLC. The plan administrator is Lawrence C Musgrove Associates Inc.
I left Trustees of the Sheet Metal Workers Local 44. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lawrence C Musgrove Associates Inc, (540) 345-7735) or the recordkeeper, Empower Retirement, LLC. The Trustees of the Sheet Metal Workers Local 44 old 401(k) page lists the contacts from every plan filing. Find an old Trustees of the Sheet Metal Workers Local 44 401(k)
Data from the public Form 5500 annual reports Trustees of the Sheet Metal Workers Local 44 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 Trustees of the Sheet Metal Workers Local 44. Not financial advice. Report a correction · Methodology