Plan Snapshot
- Plan Sponsor: Board Of Trustees Puget Sound Electrical Workers 401(K) Savings Plan
- Sponsor EIN: 916180326
- Sponsor Address: PO BOX 34203, SEATTLE, WA, 981241203
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 7,974
- Total Assets: $622.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,974 | $622.3M | $28.1M | $14.0M |
| 2023 | 7,951 | $553.0M | $23.4M | $13.3M |
| 2022 | 8,015 | $453.8M | $22.6M | $15.1M |
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 |
|---|---|---|---|---|
| WELFARE & PENSION ADMIN SERVICE INC | Other Service Provider | $739,755 | — | $739,755 |
| JOHN HANCOCK RETIREMENT PLAN SERV | Recordkeeper | $441,676 | — | $441,676 |
| BARLOW COUGHRAN MORALES & JOSEPHSON | Other Service Provider | $51,556 | — | $51,556 |
| VERUS ADVISORY, INC. | Other Service Provider | $27,083 | — | $27,083 |
| CLIFTONLARSONALLEN LLP | Auditor | $21,174 | — | $21,174 |
| RAEL & LETSON | Other Service Provider | $11,455 | — | $11,455 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERV — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,292,699
- Estimated Expense Ratio: 0.208% 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 | $1,361,138 | $27,083 | $1,084,493 | $21,174 | — |
| 2023 | $1,316,496 | $31,146 | $1,033,364 | $12,994 | — |
| 2022 | $1,207,369 | $28,125 | $925,222 | — | $141,652 |