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Original filing (PDF)20251014141711NAL0006276210001
BOARD OF TRUSTEES OF THE RETIREMENT PLAN
Form 5500
FILING_RECEIVED
RETIREMENT PLAN FOR EMPLOYEES REPRESENTED BY SHEET METAL WORKERS LOCAL UNION 18
Defined-contribution retirement plan
Signals · 1
8 service providers
Active participants
1,960
Accounts w/ balance
2,437
Plan assets (EOY)
$374.0M
Net assets (EOY)
$374.0M
How this plan invests
This plan
1 pooled trust
Schedule D
34 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
94
/ 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
80
Vendor stack
88
Participation health
100
Knocking points off
- 13 bps in Schedule C fees — modestly above peer band of 10 bps.
- Highly fragmented vendor stack (8 disclosed providers, 7 categories).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF THE RETIREMENT PLAN.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE RETIREMENT PLAN
DBA
FOR EMPLOYEES REPRESENTED BY SHEET METAL
EIN
39-6135887
Address
2201 SPRINGDALE ROAD · WAUKESHA, WI · 53186
Phone
(262) 717-9567
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
2025-10-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
SIKICH CPA LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsCustodian
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MATRIX TRUST COMPANY | 75-3182674 | — | CUSTODIAN | $33K | — |
Recordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MILLIMAN | 91-0675641 | — | RECORDKEEPER | $169K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ANDCO CONSULTING LLC | 59-3676225 | — | CONSULTANT | $11K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENEFIT PLAN ADMINISTRATION OF WI | 39-1400101 | — | PLAN ADMINISTRATOR | $92K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SIKICH CPA LLC | 54-1172176 | — | ACCOUNTANT | $15K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| REINHART BOERNER VAN DEUREN SC | 39-1126909 | — | LEGAL | $94K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MARINER INSTITUTIONAL, LLC | — | WINTER PARK, FL | NONE | $34K | — |
| WISCONSIN SHEET METAL H&W FUND | 35-1638874 | — | OTHER SERVICES | $29K | — |
Investments
33 direct securities · 1 pooled fund· $372.2M(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
$362.7M
32 holdings
Common Collective Trust
$6.6M
1 holding
Mutual Funds
$3.0M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| T. Rowe Price Retirement 2040 | — | — | — | $68.8M | 18.4% | |
| T. Rowe Price Retirement 2030 | — | — | — | $58.7M | 15.7% | |
| T. Rowe Price Capital Appreciation | — | — | — | $51.6M | 13.8% | |
| T. Rowe Price Retirement 2050 | — | — | — | $37.5M | 10.0% | |
| Fidelity 500 Index Institutional Prem | — | — | — | $21.1M | 5.6% | |
| T. Rowe Price Retirement 2060 | — | — | — | $18.4M | 4.9% | |
| T. Rowe Price Retirement 2020 | — | — | — | $18.3M | 4.9% | |
| Eaton Vance Atlanta Capital Focused Growth R6 | — | — | — | $15.6M | 4.2% | |
| Dodge & Cox Stock Fund X | — | — | — | $11.9M | 3.2% | |
| Vanguard Small Cap Index Fund Instl. | — | — | — | $11.1M | 3.0% | |
| Metropolitan West Total Return Fund Bond Plan | — | — | — | $10.9M | 2.9% | |
| American Funds Eurpacific Growth R6 | — | — | — | $10.2M | 2.7% | |
| PUTNAM STABLE VALUE FUND PUTNAM FIDUCIARY TRUST COMPANY · EIN 04-3159710 / PN 202 | Common Collective Trust | — | — | $6.6M | 1.8% | |
| Vanguard Mid Cap Index Adm | — | — | — | $5.7M | 1.5% | |
| Artisan Small Cap Investor | — | — | — | $5.3M | 1.4% | |
| FMI Large Cap Institutional | — | — | — | $4.4M | 1.2% | |
| Vanguard Total Intl Stock Index Adm | — | — | — | $3.0M | 0.8% | |
| American Beacon Small Cap Value R6 | Mutual Funds | — | — | $3.0M | 0.8% | |
| Vanguard Real Estate Index Fund Adm | — | — | — | $2.5M | 0.7% | |
| Hartford MidCap Value Y | — | — | — | $2.3M | 0.6% | |
| T. Rowe Price Mid Cap Grade Instl. | — | — | — | $2.2M | 0.6% | |
| T. Rowe Price Retirement Balanced | — | — | — | $1.3M | 0.4% | |
| T. Rowe Price Retirement 2010 | — | — | — | $942K | 0.3% | |
| Miscellaneous expense 3 TOTAL ADMINISTRATIVE EXPENSES | — | — | $437K | $411K | 0.1% | |
| Recordkeeping fees | — | — | $161K | $156K | <0.1% | |
| Legal fees | — | — | $94K | $94K | <0.1% | |
| RETIREMENT PLAN FOR EMPLOYEES REPRESENTED BY SHEET METAL WORKERS LOCAL UNION 18 SCHEDULES OF ADMINISTRATIVE EXPENSES For the Years Ended December 31, 2024 and 2023 2024 2023 Administration fees | — | — | $92K | $88K | <0.1% | |
| Bank service charges 300 Fidelity, fiduciary, and cyber insurance | — | — | $30K | $32K | <0.1% | |
| Collective Trust PIMCO Balanced Ret Inc Collective Trust - Founders Class | — | — | — | $25K | <0.1% | |
| Shared administrative expenses | — | — | $29K | $21K | <0.1% | |
| Audit and accounting fees | — | — | $15K | $14K | <0.1% | |
| Office expenses | — | — | $14K | $4K | <0.1% | |
| Uninvested Cash | — | — | — | $3K | <0.1% | |
| Trustee educational expense | — | — | $2K | $1K | <0.1% |