# Board Of Trustees Puget Sound Electrical Workers 401(K) Savings Plan 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-puget-sound-electrical-workers-401-k-savings-plan-916180326-001

> Board Of Trustees Puget Sound Electrical Workers 401(K) Savings Plan's 401(k) plan: 7,974 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-puget-sound-electrical-workers-401-k-savings-plan-916180326-001)

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