Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local 332 Health And Welfare
- Sponsor EIN: 946401540
- Sponsor Address: 6800 SANTA TERESA BLVD STE 100, SAN JOSE, CA, 95119
- Plan Type: Health & Welfare
- Plan Number: 509
- Total Participants: 2,254
- Total Assets: $167.2M
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 | 2,254 | $167.2M | $61.1M | $11.6M |
| 2023 | 2,310 | $157.8M | $58.2M | $11.5M |
| 2022 | 2,430 | $155.3M | $73.4M | $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 |
|---|---|---|---|---|
| UNITED ADMINISTRATIVE SERVICES | Other Service Provider | $808,730 | — | $808,730 |
| KRAW LAW GROUP | Other Service Provider | $350,796 | — | $350,796 |
| BLUE CROSS | Other Service Provider | $326,080 | — | $326,080 |
| SMART SOURCE CRITICAL COMMUNICATION | Other Service Provider | $127,130 | — | $127,130 |
| MILLIMAN | Recordkeeper | $95,000 | — | $95,000 |
| EIDE BAILLY LLP | Auditor | $74,925 | — | $74,925 |
| FIRST DENTAL HEALTH | Other Service Provider | $56,693 | — | $56,693 |
| MILLER KAPLAN ARASE LLP | Auditor | $50,782 | — | $50,782 |
| VOYA INVESTMENT MANAGEMENT | Other Service Provider | $49,647 | — | $49,647 |
| LOOMIS SAYLES | Other Service Provider | $45,939 | — | $45,939 |
| BEAT IT | Other Service Provider | $43,105 | — | $43,105 |
| PSG CONSULTING LLC | Other Service Provider | $42,600 | — | $42,600 |
| ALLIANCE BERNSTEIN | Other Service Provider | $36,189 | — | $36,189 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $35,063 | — | $35,063 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | Other Service Provider | $17,998 | — | $17,998 |
| MAXOR PLUS, LTD. | Other Service Provider | $17,904 | — | $17,904 |
| POST ADVISORY GROUP, LLC | Other Service Provider | $14,224 | — | $14,224 |
| MATRIX TRUST COMPANY | Recordkeeper | $13,981 | — | $13,981 |
| NATIONAL INVESTMENT SERVICES OF AME | Other Service Provider | $13,315 | — | $13,315 |
| IBEW LOCAL 332 | Other Service Provider | $13,056 | — | $13,056 |
| SEGAL MARCO ADVISORS | Other Service Provider | $6,250 | — | $6,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- EIDE BAILLY LLP — Auditor
- MILLER KAPLAN ARASE LLP — Auditor
- MATRIX TRUST COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,239,407
- Estimated Expense Ratio: 1.339% 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 | $2,554,713 | $218,625 | $808,730 | $50,782 | — |
| 2023 | $2,376,198 | $194,871 | $750,986 | $50,364 | — |
| 2022 | $2,198,215 | $201,446 | $1,314,121 | — | $394,321 |