Sheet Metal Workers Local Pension Plan
Taft-Hartley plan, based in Massillon, Ohio, reporting $80.5M in assets, for 1,656 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: May 1, 2024, Sheet Metal Workers Local Pension Plan funded ratio 44.4% -> 52.5% (2023-05-01 to 2024-05-01).
2 more advisers and 1 more dated event
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Relationship network
13 connected entities
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesTaft-Hartley planShowHide
Allocation policy
- Interest-bearing cash 1.6%
- Non-interest-bearing cash 1.0%
- Corporate debt instruments (other) 11.3%
- U.S. Government securities 11.7%
- Partnership/joint venture interests 32.3%
- Registered investment companies 22.1%
- Common stock 18.9%
Consultants and advisers
- Newport Trust Company Investment adviser (plan)through Apr 30, 2023 Form 5500
- Hamlin Capital Management, LLC Investment adviser (plan)through Apr 30, 2023 Form 5500
- Reinhart Partners, Inc. Investment adviser (plan)through Apr 30, 2023 Form 5500
+2 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Hamlin Capital Management, LLCplan years 2024
- Newport Trust Companyplan years 2024
- Boyd Watterson Asset Managementplan years 2024
+1 more Schedule C manager
Every name, record and relationship behind this count, with the source on each.
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What changed
- May 1, 2024Funded status changedSheet Metal Workers Local Pension Plan funded ratio 44.4% -> 52.5% (2023-05-01 to 2024-05-01)
- May 1, 2024Assets changedSheet Metal Workers Local Pension Plan plan assets $46M -> $53M (+14.8%, 2023-05-01 to 2024-05-01)
- Dec 31, 2023Manager relationship endedinferenceMorgan Stanley Smith Barney Hldgs no longer appears on Sheet Metal Workers Local Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Morgan Stanley Smith Barney, LLCaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceHamlin Capital Management, LLC no longer appears on Sheet Metal Workers Local Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Hamlin Capital Management, LLCaskebsa.dol.gov
- Dec 31, 2023Consultant changedinferenceNewport Trust Company no longer appears on Sheet Metal Workers Local Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Newport Trust Companyaskebsa.dol.gov
+1 more dated event
Every name, record and relationship behind this count, with the source on each.
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Commitments
Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Apr 30, 2025 | 1,656 | Not disclosed | Not disclosed | n/a | $80.5M | $26.0M | Not disclosed | Not disclosed |
| 2023 to Apr 30, 2024 | 1,646 | Not disclosed | Not disclosed | n/a | $80.3M | $26.5M | Not disclosed | Not disclosed |
| 2022 to Apr 30, 2023 | 1,590 | Not disclosed | Not disclosed | n/a | $78.6M | $26.3M | Not disclosed | Not disclosed |
- Benesys, Inc. codes 13 $106,169 PY2024
- Milliman codes 11 $101,104 PY2024
- Morgan Stanley Smith Barney Hldgs codes 51 $89,447 PY2024
+31 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Not yet on record: fund commitments, managers.
Record history
- Funded status changed2024-05-01source on record
- Total assets changed2024-05-01source on record
- Manager relationship ended2023-12-31source on record
+3 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+10 connections on the graph
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