# Board Of Trustees, Puget Sound Electrical Workers Pension Trust DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-puget-sound-electrical-workers-pension-trust-916180333-001

> Board Of Trustees, Puget Sound Electrical Workers Pension Trust's DB plan: 4,745 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## 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](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:** $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|

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