Plan Snapshot
- Plan Sponsor: Board Of Trustees, Puget Sound Electrical Workers Pension Trust
- Sponsor EIN: 916180333
- Sponsor Address: PO BOX 34203, SEATTLE, WA, 981241203
- Plan Type: DB
- Plan Number: 001
- Total Participants: 4,745
- Total Assets: $1.3B
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 | 4,745 | $1.3B | $63.5M | $0 |
| 2023 | 4,852 | $1.3B | $58.5M | $0 |
| 2022 | 5,292 | $1.1B | $63.6M | $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 |
|---|---|---|---|---|
| WELFARE & PENSION ADMIN. SERVICE | Other Service Provider | $1,534,243 | — | $1,534,243 |
| WASHINGTON CAPITAL MANAGEMENT, INC. | Other Service Provider | $1,407,941 | — | $1,407,941 |
| DEPRINCE RACE & ZOLLO, INC. | Other Service Provider | $364,161 | — | $364,161 |
| WILLIAM BLAIR INVESTMENT MGMT | Other Service Provider | $347,917 | — | $347,917 |
| RAEL & LETSON | Other Service Provider | $148,028 | — | $148,028 |
| VERUS ADVISORY, INC. | Other Service Provider | $105,000 | — | $105,000 |
| BARLOW & COUGHRAN, P.S. | Other Service Provider | $101,785 | — | $101,785 |
| INVESCO TRUST COMPANY | Other Service Provider | $101,370 | — | $101,370 |
| ENTRUSTPERMAL MANAGEMENT LLC | Other Service Provider | $95,080 | — | $95,080 |
| US BANK | Recordkeeper | $79,109 | — | $79,109 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $69,223 | — | $69,223 |
| CLIFTONLARSONALLEN LLP | Auditor | $35,983 | — | $35,983 |
| TURNER, STOEVE & GAGLIARDI, P.S. | Other Service Provider | $7,462 | — | $7,462 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- US BANK — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,397,302
- Estimated Expense Ratio: 0.331% 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 | $4,812,896 | $2,490,692 | $1,388,042 | $35,983 | — |
| 2023 | $4,551,542 | $2,297,365 | $1,367,064 | $37,173 | — |
| 2022 | $4,403,359 | $2,253,299 | $1,307,017 | — | $361,201 |