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Original filing (PDF)20250912161302NAL0001106993004
TRUSTEES OF SHEET METAL WORKERS LOCAL 20 GARY AREA PENSION FUND
Form 5500
FILING_RECEIVED
SHEET METAL WORKERS LOCAL NO.20 GARY AREA PENSION
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed8 service providers
Active participants
499
Accounts w/ balance
—
Plan assets (EOY)
$112.6M
Net assets (EOY)
$112.4M
How this plan invests
This plan
4 pooled trusts
Schedule D
139 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
- 65 bps in Schedule C fees — 547% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUSTEES OF SHEET METAL WORKERS LOCAL 20 GARY AREA PENSION FUND.
Plan sponsor
Name
TRUSTEES OF SHEET METAL WORKERS LOCAL 20 GARY AREA PENSION FUND
EIN
35-6057213
Address
6525 CENTURION DRIVE · LANSING, MI · 48917
Phone
(517) 321-7502
Industry
Plumbing, Heating, AC Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-12
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
LEGACY PROFESSIONALS LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | 26-4310632 | — | NONE | $432K | — |
| THE SEGAL COMPANY (MIDWEST), INC. | 13-1975125 | — | NONE | $73K | — |
| TIC MIDWEST LLC | 13-2600875 | — | NONE | $64K | — |
| LEGACY PROFESSIONALS LLP | 32-0043599 | — | NONE | $49K | — |
| ASHER,GITTLER & D'ALBA, LTD | 36-2786883 | — | NONE | $47K | — |
| FIRST STATE TRUST COMPANY | 13-3124172 | — | NONE | $44K | — |
| VICTORY CAPITAL MANAGEMENT | — | BROOKLYN, OH | NONE | $13K | — |
| LEGAL & GENERAL INVESTMENT MGMT | — | CHICAGO, IL | NONE | $6K | — |
Investments
133 direct securities · 4 pooled funds· $164.6M(100% 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
$130.9M
131 holdings
Common Collective Trust
$33.2M
4 holdings
Real Estate
$385K
1 holding
OTHER
$219K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Balance | — | — | — | $33.9M | 30.1% | |
| LEGAL & GENERAL S&P 500 CIT RELIANCE TRUST COMPANY · EIN 35-7085469 / PN 005 | Common Collective Trust | — | $20.6M | $25.7M | 22.8% | |
| Balance | — | — | — | $14.1M | 12.5% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $9.4M | 8.4% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | $750K | $8.5M | 7.6% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $8.2M | 7.3% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | $8.0M | $8.1M | 7.2% | |
| Vanguard Growth ETF | — | — | $5.9M | $7.4M | 6.5% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $4.3M | 3.8% | |
| AEW Core Property Trust, Inc. | — | — | $4.8M | $4.2M | 3.7% | |
| Vanguard Value ETF | — | — | $3.5M | $4.0M | 3.5% | |
| Blackrock High Yield Bond Portfolio | — | — | $3.1M | $3.1M | 2.7% | |
| MULTI-EMPLOYER PROPERTY TRUST NEW TOWER TRUST COMPANY · EIN 52-6218800 / PN 001 | Common Collective Trust | — | $3.2M | $3.1M | 2.7% | |
| LEGAL & GENERAL MSCI ACWI EX US CIT RELIANCE TRUST COMPANY · EIN 35-7085469 / PN 010 | Common Collective Trust | — | $2.5M | $2.6M | 2.3% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $2.5M | 2.2% | |
| Corbin ERISA Opportunity Fund, L.P. | — | — | $2.2M | $2.4M | 2.2% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $2.2M | 1.9% | |
| Partnerships Ironwood Institutional Ltd. LP | — | — | $1.9M | $2.1M | 1.8% | |
| Lord Abbett Invt Tr Ultra Short I | — | — | $2.0M | $2.0M | 1.7% | |
| VICTORY TRIVALENT INT'L SMALL CAP GLOBAL TRUST COMPANY · EIN 80-6249702 / PN 006 | Common Collective Trust | — | $1.7M | $1.8M | 1.6% | |
| Private Advisors Small Company Private Equity Fund VIII, L.P. | — | — | $1.1M | $1.3M | 1.1% | |
| CK Opportunities Offshore Fund, L.P. | — | — | $1.6M | $1.3M | 1.1% | |
| Federated Investors MM | — | — | $1.2M | $1.2M | 1.0% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $1.1M | 1.0% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $879K | 0.8% | |
| Ishares Core MSCI Emerging | — | — | $771K | $795K | 0.7% | |
| Shares/Par198,117.1300541,144.0000486,629.0000119,808.0000 | — | — | $120K | $785K | 0.7% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $728K | 0.6% | |
| GCM Grosvenor Real Estate Solutions I, L.P. | — | — | $510K | $494K | 0.4% | |
| U.S. Treasury Bonds & Notes U.S. Treasury Obligations 425,000.0000366,000.0000 | — | — | $277K | $459K | 0.4% | |
| 01/01/2024-12/31/ | — | — | $10.0M | $422K | 0.4% | |
| Schedule - 3.1.1Asset StatementCost Value | — | — | — | $405K | 0.4% | |
| Investments Real Estate Equities | Real Estate | — | $309K | $385K | 0.3% | |
| Registered Investment Companies Legg Mason Global Asset Management | — | — | $433K | $371K | 0.3% | |
| Private Advisors Hedged Equity Fund, Ltd. | — | — | $316K | $341K | 0.3% | |
| Siguler Guff Small Buyout Opportunities Fund III, L.P. | — | — | $347K | $310K | 0.3% | |
| Market Value As Of 12/31/ | — | — | — | $247K | 0.2% | |
| Municipal Obligations | OTHER | — | $196K | $219K | 0.2% | |
| GCM Grosvenor Infrastructure Advantage Feeder Fund II | — | — | $198K | $198K | 0.2% | |
| Shares/Par20,000.0000 | — | — | $20K | $195K | 0.2% | |
| Value Shares/Par305,000.0000376,000.0000155,000.0000 | — | — | $880K | $145K | 0.1% | |
| Invesco Premier U.S. Gov't MM | — | — | $142K | $142K | 0.1% | |
| Shares/Par191,845.7684 | — | — | $192K | $125K | 0.1% | |
| Shares/Par | — | — | $125K | $123K | 0.1% | |
| Shares/Par235,000.0000 | — | — | $100K | $100K | <0.1% | |
| Value Shares/Par69,283.056347,943.170022,033.5495 | — | — | $49K | $93K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | — | $92K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202468,836.8347,748.4318,291.27 28,881.8451,926.4751,460.5342,949.23 | — | — | — | $87K | <0.1% | |
| Value Shares/Par | — | — | — | $86K | <0.1% | |
| Market Price 68,925.5247,727.5618,019.00 27,506.6751,639.5349,400.0043,850.47 | — | — | — | $86K | <0.1% | |
| Value Shares/Par63,000.000030,000.000071,000.000065,000.000077,000.0000 | — | — | $25K | $85K | <0.1% | |
| Value 56,000.0000 | — | — | $35K | $77K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | — | $71K | <0.1% | |
| Value Shares/Par | — | — | $56K | $64K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202418,749.0537,163.5449,115.4510,902.85 | — | — | $56K | $62K | <0.1% | |
| Market Price 18,751.5236,682.0549,575.3311,643.62 | — | — | $56K | $60K | <0.1% | |
| Market Price 45,057.2465,081.80 66,235.1617,991.5462,996.1619,992.0089,219.3821,862.75 65,918.4066,650.31 | — | — | — | $59K | <0.1% | |
| 01/01/2024-12/31/2024 41,967.7310,150.4310,643.0521,055.5513,441.85 15,149.7962,545.6416,397.9612,555.0416,160.98 | — | — | — | $55K | <0.1% | |
| Total Corp Bonds DomesticCorp Bonds Foreign Total Corp Bonds ForeignCorporate CMOs and REMICs Value Shares/Par54,000.0000 | — | — | $50K | $54K | <0.1% | |
| Market Price 54,272.18 21,028.8048,919.4893,513.8138,800.67 | — | — | — | $53K | <0.1% | |
| Shares/Par400,000.0000338,000.0000 120,000.0000 | — | — | $65K | $53K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202455,804.29 21,160.8047,910.0093,614.3039,641.44 | — | — | — | $52K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | $13K | $50K | <0.1% | |
| Value Shares/Par35,000.000076,000.000022,000.000082,000.0000 | — | — | $70K | $50K | <0.1% | |
| Market Price 47,869.7527,369.1056,516.4191,071.68 18,467.6024,534.72 35,179.9819,573.8040,345.63 | — | — | — | $49K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202430,925.82 29,999.55 75,052.7388,896.0489,976.60 | — | — | — | $45K | <0.1% | |
| Market Price 37,522.51 | — | — | $89K | $45K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/2024 | — | — | $60K | $45K | <0.1% | |
| Market Price 63,379.78 | — | — | $63K | $44K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202446,371.0279,118.7239,210.2071,364.08 | — | — | — | $40K | <0.1% | |
| Market Price 44,796.2579,218.6938,456.7471,402.65 | — | — | — | $40K | <0.1% | |
| Total Government Pass Thru PoolsVariable Rate- Corporate BondsTotal Variable Rate- Corporate BondsCorp Bonds Domestic Value Total U.S. Government AgenciesCorporate & Foreign Bonds 48,999.131986,794.572040,888.310675,805.8516 | — | — | $76K | $40K | <0.1% | |
| Value Shares/Par80,000.000065,000.000090,000.000041,000.000042,000.000080,000.0000 | — | — | $80K | $39K | <0.1% | |
| 01/01/2024-12/31/2024 37,218.4023,153.50 13,839.45 24,509.4963,437.9414,568.2558,849.9439,295.4346,785.3724,044.97 | — | — | — | $38K | <0.1% | |
| Market Price 18,416.1618,416.16 | — | — | — | $36K | <0.1% | |
| Vanguard Index Fds ETF | — | — | $31K | $36K | <0.1% | |
| Value Shares/Par | — | — | $42K | $35K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202448,528.1921,603.0252,639.7686,876.6852,584.5238,674.1522,680.0613,788.3892,529.4046,649.4618,561.2617,606.96 | — | — | — | $32K | <0.1% | |
| Value 75,000.0000 | — | — | $37K | $32K | <0.1% | |
| PNC Business Money Market Checking | — | — | $29K | $29K | <0.1% | |
| Value Shares/Par272,005.108333,493.6408 | — | — | $11K | $27K | <0.1% | |
| 01/01/2024-12/31/2024 14,326.2918,299.7137,048.3916,658.0352,858.5147,078.5839,671.7810,864.0541,793.9434,692.6743,541.4761,939.34 | — | — | — | $24K | <0.1% | |
| Market Price 70,111.3623,036.7154,112.4664,872.5464,886.14 | — | — | — | $23K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202469,694.6823,380.5555,117.7763,745.5566,387.96 | — | — | — | $23K | <0.1% | |
| Market Price 14,042.3241,848.0025,592.6725,577.8010,585.9018,552.5011,393.2016,973.3141,676.0514,082.4048,105.4239,550.41 | — | — | — | $21K | <0.1% | |
| 01/01/2024-12/31/2024 82,549.1693,667.0265,165.7212,320.4934,868.1733,672.0725,705.0523,619.1512,121.8155,387.4215,217.7278,502.94 | — | — | — | $20K | <0.1% | |
| Government CMOs & REMICs Value 16,097.280047,253.135028,609.028837,084.820018,407.595332,077.050050,000.000024,827.8700 | — | — | $25K | $20K | <0.1% | |
| Private Advisors Small Company Buyout V-ERISA Fund L.P. | — | — | $106K | $20K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | $13K | $19K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | — | $19K | <0.1% | |
| 01/01/2024-12/31/2024 20,561.7912,245.3230,894.7817,340.8941,388.9928,262.7287,700.5015,982.9512,309.18 19,461.2769,987.40 | — | — | — | $19K | <0.1% | |
| Owl Rock Capital Corporation | — | — | $19K | $18K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202418,504.1118,504.11 | — | — | — | $18K | <0.1% | |
| Market Price 58,639.6049,736.6623,626.9617,141.8234,320.6681,471.9717,773.5019,987.5018,745.4540,030.8556,120.04 | — | — | — | $16K | <0.1% | |
| 01/01/2024-12/31/2024 23,892.5826,423.2014,106.9121,027.8223,911.0146,525.4051,233.43 45,284.9345,862.3420,776.5411,085.11 | — | — | — | $15K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/202492,579.1127,282.5119,582.8510,431.5211,548.4572,518.9924,688.5819,851.8416,289.8346,348.8348,334.2695,429.59 | — | — | — | $15K | <0.1% | |
| Total Corp Bonds VariableAsset Backed BondsTotal Asset Backed BondsMuni Bonds Taxable Value Total Corporate & Foreign BondsMunicipal Obligations Shares/Par360,000.0000 130,000.0000 | — | — | $130K | $15K | <0.1% | |
| 01/01/2024-12/31/2024 45,199.4121,201.1652,019.60 28,003.3286,035.6215,079.9829,603.8050,657.3576,247.3062,158.38 | — | — | — | $15K | <0.1% | |
| 01/01/2024-12/31/2024 10,742.2161,655.6728,755.1617,117.4725,943.9511,656.4641,962.1117,192.25 43,098.9320,121.9218,963.52 | — | — | — | $14K | <0.1% | |
| 01/01/2024-12/31/2024 | — | — | — | $13K | <0.1% | |
| Market Price 20,544.0039,417.8336,469.0918,717.6621,221.3014,923.4966,193.9227,091.6814,781.6584,079.7119,648.4119,588.59 | — | — | — | $13K | <0.1% | |
| Market Value As Of 12/31/20247,245.82 | — | — | $9K | $10K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $10K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $10K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $10K | <0.1% | |
| Market Price 7,341.60 | — | — | $9K | $10K | <0.1% | |
| Market Price 9,901.20 | — | — | $10K | $10K | <0.1% | |
| Market Price 8,808.75 | — | — | $9K | $10K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | $10K | $9K | <0.1% | |
| Market Value As Of 12/31/20247,282.04 | — | — | $5K | $9K | <0.1% | |
| Market Value As Of 12/31/2024 6,947.20 | — | — | $8K | $9K | <0.1% | |
| Market Price 3,944.00 | — | — | $4K | $9K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/2024 | — | — | — | $9K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | $8K | $9K | <0.1% | |
| Market Value As Of 12/31/ | — | — | — | $9K | <0.1% | |
| Market Value As Of 12/31/20248,082.60 | — | — | $248K | $9K | <0.1% | |
| Market Price 7,192.30 | — | — | $8K | $8K | <0.1% | |
| Market Value As Of 12/31/20249,130.47 | — | — | $8K | $8K | <0.1% | |
| Market Price 6,453.66 5,213.048,521.65 | — | — | — | $8K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $8K | <0.1% | |
| Market Value As Of 12/31/20248,762.38 | — | — | $10K | $8K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/2024 | — | — | — | $8K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $7K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $7K | <0.1% | |
| Market Price 9,457.00 | — | — | $8K | $7K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $7K | <0.1% | |
| Market Value As Of 12/31/2024 7,201.895,833.47 | — | — | — | $7K | <0.1% | |
| Market Price 9,003.96 | — | — | $9K | $6K | <0.1% | |
| Market Price 302,855.48358,845.60151,452.19 | — | — | $9K | $6K | <0.1% | |
| Market Value As Of 12/31/2024 4,970.00 | — | — | $5K | $6K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | — | $6K | <0.1% | |
| 01/01/2024-12/31/2024 198,117.13511,572.68633,031.04137,882.25 | — | — | $909K | $6K | <0.1% | |
| Market Value 01/01/2024-12/31/2024As Of 12/31/2024 301,409.75368,744.88151,909.13 | — | — | — | $5K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | $8K | $5K | <0.1% | |
| Market Value As Of 12/31/2024 6,145.06 | — | — | $8K | $5K | <0.1% | |
| Market Value As Of 12/31/2024 | — | — | $10K | $5K | <0.1% | |
| 01/01/2024-12/31/2024 308,980.63366,849.38 | — | — | $7K | $2K | <0.1% |