Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local 234 Health And Welfare
- Sponsor EIN: 946250011
- Sponsor Address: 6293 SAN IGNACIO AVE, SAN JOSE, CA, 95119
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 266
- Total Assets: $12.1M
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 | 266 | $12.1M | $6.1M | $274,997 |
| 2023 | 274 | $13.3M | $5.4M | $262,230 |
| 2022 | 296 | $12.9M | $6.9M | $266,665 |
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 |
|---|---|---|---|---|
| SAV-RX | Other Service Provider | $433,292 | — | $433,292 |
| BENESYS ADMINISTRATORS | Other Service Provider | $185,683 | — | $185,683 |
| WEX HEALTH INC. | ERISA Attorney | — | $114,958 | $114,958 |
| EMPLOYEE 01 | Recordkeeper | $98,848 | — | $98,848 |
| ANTHEM BLUE CROSS LIFE & HEALTH | Other Service Provider | $87,841 | — | $87,841 |
| RAEL & LETSON | Other Service Provider | $56,292 | — | $56,292 |
| MILLER KAPLAN ARASE LLP | Auditor | $34,587 | — | $34,587 |
| MAMMINI COMPANY, INC | Other Service Provider | $24,325 | — | $24,325 |
| NEYHART, ANDERSON, FLYNN & GROSBOLL | Other Service Provider | $16,293 | — | $16,293 |
| SMART SOURCE | Other Service Provider | $5,093 | — | $5,093 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEX HEALTH INC. — ERISA Attorney
- EMPLOYEE 01 — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,057,212
- Estimated Expense Ratio: 8.768% 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 | $485,400 | $24,325 | $191,507 | $12,000 | — |
| 2023 | $502,499 | $10,666 | $183,113 | $12,850 | — |
| 2022 | $459,423 | — | $182,319 | — | $152,224 |