Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sacramento Area Electrical Workers
- Sponsor EIN: 942773477
- Sponsor Address: 1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,532
- Total Assets: $70.0M
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 | 1,532 | $70.0M | $31.2M | $46,479 |
| 2023 | 1,415 | $61.4M | $27.1M | $40,389 |
| 2022 | 1,224 | $53.8M | $22.4M | $29,402 |
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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $250,237 | — | $250,237 |
| GARCIA HAMILTON & ASSOCIATES, LP | Other Service Provider | $73,042 | — | $73,042 |
| IBEW LOCAL 340 | Other Service Provider | $67,295 | — | $67,295 |
| NWPS | Recordkeeper | $66,300 | — | $66,300 |
| NEYHART, ANDERSON, FLYNN & GROSBOLL | Other Service Provider | $56,383 | — | $56,383 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $46,303 | — | $46,303 |
| MILLER KAPLAN ARASE LLP | Auditor | $28,500 | — | $28,500 |
| MATRIX TRUST COMPANY | Recordkeeper | $11,958 | — | $11,958 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NWPS — Recordkeeper
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
- MATRIX TRUST COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $600,018
- Estimated Expense Ratio: 0.857% 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 | $861,852 | $131,304 | $250,237 | $28,500 | — |
| 2023 | $795,273 | $132,729 | $203,228 | $24,671 | — |
| 2022 | $776,619 | $127,266 | $395,301 | — | $150,626 |