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Original filing (PDF)20251011073818NAL0008855761001
BOARD OF TRUSTEES SHEET METAL WORKERS' LOCAL NO. 40 PENSION FUND
Form 5500
FILING_RECEIVED
SHEET METAL WORKERS' LOCAL NO. 40 PENSION FUND
Defined-benefit pension plan
Signals · 4
47% in single holding~128 bps in Sched C feesNo recordkeeper disclosed6 service providers
Active participants
298
Accounts w/ balance
—
Plan assets (EOY)
$56.9M
Net assets (EOY)
$55.9M
How this plan invests
This plan
3 pooled trusts
Schedule D
3 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
77
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "[DFE: SEI GLOBAL PRIVATE ASSETS IV COLLECTIVE INVESTMENT TRUST (extraction pending)]" is 47% of plan.
- 128 bps in Schedule C fees — 698% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES SHEET METAL WORKERS' LOCAL NO. 40 PENSION FUND.
Plan sponsor
Name
BOARD OF TRUSTEES SHEET METAL WORKERS' LOCAL NO. 40 PENSION FUND
EIN
06-6157817
Address
1040 AVENUE OF THE AMERICAS · 24TH FLOOR · NEW YORK, NY · 100183726
Phone
(212) 505-5050
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-11
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsOther
6| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SEI INVESTMENT MANGAMENT CORPORATIO | 04-2452803 | — | NONE | $313K | — |
| THE SEGAL COMPANY | 06-0839113 | — | NONE | $208K | — |
| DANIEL H. COOK ASSOCIATES, INC. | 11-2424843 | — | NONE | $131K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $34K | — |
| REID & RIEGE PC | 06-0867204 | — | NONE | $31K | — |
| PRINCIPAL FINANCIAL GROUP | 42-1520346 | — | NONE | $10K | — |
Investments
3 pooled funds· $10.6M(19% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| SEI GLOVAL PRIVATE ASSET IV COLLECT SEI TRUST COMPANY · EIN 81-5067490 / PN 103 | Common Collective Trust | — | — | $4.9M | 8.7% | |
| SEI CORE PROPERTY COLLECTIVE INVEST SEI TRUST COMPANY · EIN 27-3224429 / PN 045 | Common Collective Trust | — | — | $3.5M | 6.1% | |
| SEI STRUCTURED CREDIT COLLECT TRUST SEI TRUST COMPANY · EIN 75-3251893 / PN 024 | Common Collective Trust | — | — | $2.2M | 3.8% |