Plan Snapshot
- Plan Sponsor: Bac Local No. 1 Washington Pension Trust
- Sponsor EIN: 916091466
- Sponsor Address: 2323 EASTLAKE AVE E, SEATTLE, WA, 981023305
- Plan Type: DB
- Total Participants: 737
- Total Assets: $162.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 737 | $162.9M | $7.2M | $0 |
| 2023 | 815 | $151.4M | $8.1M | $0 |
| 2022 | 731 | $139.0M | $6.4M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WASHINGTON CAPITAL MANAGEMENT INC | Other Service Provider | $198,642 | — | $198,642 |
| RBC GLOBAL ASSET MANAGEMENT US, INC | Recordkeeper | $153,577 | — | $153,577 |
| HAMILTON LANE | Other Service Provider | $125,026 | — | $125,026 |
| LOOMIS SAYLES & COMPANY LP | Other Service Provider | $116,092 | — | $116,092 |
| NORTHWEST ADMINISTRATORS, INC. | Other Service Provider | $98,278 | — | $98,278 |
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $97,500 | — | $97,500 |
| RAEL & LETSON | Other Service Provider | $88,594 | — | $88,594 |
| CHARTWELL INVESTMENT PARTNERS, LLC | Other Service Provider | $76,316 | — | $76,316 |
| BARLOW COUGHRAN MORALES & JOSEPHSON | Other Service Provider | $47,049 | — | $47,049 |
| PROPEL INSURANCE | Other Service Provider | $41,096 | — | $41,096 |
| BECKER CAPITAL MANAGEMENT | Other Service Provider | $31,998 | — | $31,998 |
| ANASTASI MOORE & MARTIN | Auditor | $23,545 | — | $23,545 |
| FOUNDRY PARTNERS LLC | Other Service Provider | $21,679 | — | $21,679 |
| WEDGE CAPITAL MANAGEMENT LLP | Other Service Provider | $21,143 | — | $21,143 |
| US BANK, N.A. | Recordkeeper | $20,919 | — | $20,919 |
| NEW TOWER TRUST COMPANY | Other Service Provider | $12,006 | — | $12,006 |
| WELLS FARGO BANK, N.A. | Other Service Provider | $10,935 | — | $10,935 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC GLOBAL ASSET MANAGEMENT US, INC — Recordkeeper
- ANASTASI MOORE & MARTIN — Auditor
- US BANK, N.A. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,184,395
- Estimated Expense Ratio: 0.727% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,263,937 | $879,529 | $87,480 | $23,545 | — |
| 2023 | $1,214,529 | $776,948 | $85,680 | $23,545 | — |
| 2022 | $1,242,188 | $868,090 | $83,940 | — | $176,326 |