Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local 595 Health & Welfare
- Sponsor EIN: 946085740
- Sponsor Address: 7180 KOLL CENTER PKWY STE 200, PLEASANTON, CA, 94566
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,393
- Total Assets: $76.5M
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 | 1,393 | $76.5M | $42.6M | $2.8M |
| 2023 | 1,321 | $76.7M | $42.2M | $2.2M |
| 2022 | 1,426 | $74.8M | $43.4M | $2.3M |
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 |
|---|---|---|---|---|
| OPTUMRX, INC | Other Service Provider | $2,099,209 | $2,833 | $2,102,042 |
| BENESYS, INC. | Other Service Provider | $1,081,744 | — | $1,081,744 |
| ELECTRICAL INDUSTRY SERVICE CORP. | Other Service Provider | $166,555 | — | $166,555 |
| BAYSPORT INC | Other Service Provider | $156,871 | — | $156,871 |
| WEDGE CAPITAL MANAGEMENT | Other Service Provider | $106,007 | — | $106,007 |
| RAEL & LETSON | Other Service Provider | $85,911 | — | $85,911 |
| CHARTWELL INVESTMENT PARTNERS, LLC | Other Service Provider | $62,598 | — | $62,598 |
| LIFEWORKS | Other Service Provider | $56,745 | — | $56,745 |
| MILLER KAPLAN ARASE LLP | Auditor | $52,515 | — | $52,515 |
| LEONARD CARDER, LLP | Other Service Provider | $43,496 | — | $43,496 |
| ANTHEM BLUE CROSS | Other Service Provider | $37,351 | — | $37,351 |
| SMARTSOURCE | Other Service Provider | $25,831 | — | $25,831 |
| SAN JOAQUIN & CALAVERAS CTY JATC | Other Service Provider | $22,025 | — | $22,025 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $15,000 | — | $15,000 |
| AMALGAMATED BANK | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 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: $4,024,691
- Estimated Expense Ratio: 5.262% 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 | $1,803,816 | $183,730 | $1,081,744 | $41,540 | — |
| 2023 | $1,654,817 | $178,667 | $1,038,625 | $44,340 | — |
| 2022 | $1,528,951 | $167,853 | $879,804 | — | $139,086 |