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Original filing (PDF)20260212130418NAL0000144611001
TOLEDO AREA SHEET METAL WORKERS PENSION PLAN JOINT BOARD OF TRUSTEE
Form 5500
FILING_RECEIVED
TOLEDO AREA SHEET METAL WORKERS PENSION PLAN AND TRUST
Defined-benefit pension plan
Signals · 3
~80 bps in Sched C feesNo recordkeeper disclosed13 service providers
Active participants
352
Accounts w/ balance
—
Plan assets (EOY)
$49.4M
Net assets (EOY)
$49.3M
How this plan invests
This plan
1 pooled trust
Schedule D
18 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 80 bps in Schedule C fees — 175% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TOLEDO AREA SHEET METAL WORKERS PENSION PLAN JOINT BOARD OF TRUSTEE.
Plan sponsor
Name
TOLEDO AREA SHEET METAL WORKERS PENSION PLAN JOINT BOARD OF TRUSTEE
EIN
34-6682530
Address
700 TOWER DRIVE, SUITE 300 · TROY, MI · 480982808
Phone
(248) 813-9800
Industry
Plumbing, Heating, AC Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-12
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
CLARK, SCHAEFER, HACKETT & CO.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
13 rowsOther
13| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENESYS, INC. | 38-2383171 | — | NONE | $71K | — |
| VANGUARD | — | MALVERN, PA | NONE | $65K | — |
| HAMLIN CAPITAL MANAGEMENT | 52-2344187 | — | NONE | $44K | — |
| UNITED ACTUARIAL SERVICES, INC. | 35-2156428 | — | NONE | $43K | — |
| MORGAN STANLEY | 26-4310632 | — | NONE | $31K | — |
| BOYD WATTERSON ASSET MANAGEMENT | — | CLEVELAND, OH | NONE | $30K | — |
| SHUMAKER, LOOP & KENDRICK LLP | 34-4439491 | — | NONE | $25K | — |
| REINHART PARTNERS, INC. | 39-1711628 | — | NONE | $20K | — |
| MACQUEEN INSURANCE GROUP | — | BERKLEY, MI | RELATED FUND | $19K | — |
| CLARK, SCHAEFER, HACKETT & CO. | 31-0800053 | — | NONE | $16K | — |
| ERNST & YOUNG US LLP | 34-6565596 | — | NONE | $13K | — |
| SMW FRINGE BENEFIT FUNDS, INC. | 34-1398805 | — | RELATED FUND | $9K | — |
| AMERICAN GRAPHICS PRINTING CO. | — | CLINTON TOWNSHIP, MI | NONE | $9K | — |
Investments
17 direct securities · 1 pooled fund· $21.0M(43% 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.
Uncategorized
$18.9M
17 holdings
103-12 Investment Entity
$2.1M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| U.S. government and agency obligations | — | — | $4.0M | $4.2M | 8.5% | |
| Vintage VIII Offshore SCSp | — | — | $1.0M | $2.2M | 4.5% | |
| MCMORGAN INFRASTRUCTURE FUND I, LP MCMORGAN INFRASTRUCTURE GP LLC · EIN 30-0808269 / PN 001 | 103-12 Investment Entity | — | $869K | $2.1M | 4.3% | |
| American Core Realty Fund, LLC | — | — | $2.1M | $2.1M | 4.3% | |
| Corporate obligations | — | — | $2.1M | $2.1M | 4.3% | |
| Golden Tree Select LTD | — | — | $1.9M | $2.1M | 4.3% | |
| Oaktree Special Situations Fund II Feeder | — | — | $581K | $1.5M | 3.1% | |
| ACL Alternative Fund | — | — | $1.6M | $1.3M | 2.6% | |
| Vintage IX Offshore SCSp | — | — | $407K | $632K | 1.3% | |
| Metropolitan Real Estate Partners Secondaries Fund II | — | — | $513K | $533K | 1.1% | |
| Entrust Special Opportunities Fund III Ltd. | — | — | $420K | $494K | 1.0% | |
| Money market funds and investment cash | — | — | $484K | $484K | 1.0% | |
| Vintage VI Mgr, LP | — | — | $25K | $342K | 0.7% | |
| Blackstone Tactical Opp Fund II, LP | — | — | $16K | $203K | 0.4% | |
| Townsend Real Estate Alpha Fund II, LP | — | — | $800K | $190K | 0.4% | |
| Carlyle Energy Mezzanine Opps Fund II | — | — | $56K | $183K | 0.4% | |
| Metropolitan Real Estate Partners Co-Inv Fund II | — | — | $205K | $179K | 0.4% | |
| Blackstone Tactical Opp Fund, LP | — | — | $10K | $67K | 0.1% |