Plan Snapshot
- Plan Sponsor: Board Of Trustees, Kern County Electrical Workers
- Sponsor EIN: 956053542
- Sponsor Address: 3805 N SILLECT AVE, BAKERSFIELD, CA, 93308
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 868
- Total Assets: $30.8M
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 | 868 | $30.8M | $18.5M | $465,967 |
| 2023 | 758 | $26.0M | $13.5M | $418,473 |
| 2022 | 680 | $22.3M | $14.8M | $458,729 |
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 |
|---|---|---|---|---|
| SEGAL COMPANY | Recordkeeper | $67,750 | — | $67,750 |
| MILLER KAPLAN ARASE LLP | Auditor | $60,477 | — | $60,477 |
| EMPLOYEE 1 | Recordkeeper | $58,962 | — | $58,962 |
| EMPLOYEE 2 | Recordkeeper | $45,231 | — | $45,231 |
| TIFFANY LENA | Other Service Provider | $43,319 | — | $43,319 |
| RAEL LETSON | Other Service Provider | $35,518 | — | $35,518 |
| SEGAL MARCO ADVISORS | Other Service Provider | $15,000 | — | $15,000 |
| CITIZENS BANK | Other Service Provider | $5,614 | — | $5,614 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEGAL COMPANY — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
- EMPLOYEE 1 — Recordkeeper
- EMPLOYEE 2 — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $331,871
- Estimated Expense Ratio: 1.078% 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 | $432,587 | $19,277 | — | $20,672 | — |
| 2023 | $350,359 | $15,000 | — | $20,363 | — |
| 2022 | $384,577 | $17,250 | — | — | $183,431 |