Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sacramento Area Electrical Workers
- Sponsor EIN: 942773478
- Sponsor Address: 1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502
- Plan Type: DC
- Total Participants: 1,296
- Total Assets: $326.8M
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 | 1,296 | $326.8M | $22.0M | $0 |
| 2023 | 1,140 | $296.2M | $18.9M | $0 |
| 2022 | 1,118 | $252.5M | $16.3M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | Recordkeeper | $290,934 | — | $290,934 |
| SIERRA INVESTMENT PARTNERS, INC | Other Service Provider | $272,813 | — | $272,813 |
| GARCIA HAMILTON & ASSOCIATES L.P. | Other Service Provider | $163,826 | — | $163,826 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $154,401 | — | $154,401 |
| NWPS | Recordkeeper | $145,944 | — | $145,944 |
| IBEW LOCAL 340 | Other Service Provider | $68,747 | — | $68,747 |
| MATRIX TRUST COMPANY | Recordkeeper | $65,603 | — | $65,603 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $63,265 | — | $63,265 |
| NEYHART ANDERSON FLYNN & GROSBOLL | Other Service Provider | $49,983 | — | $49,983 |
| MILLER KAPLAN ARASE LLP | Auditor | $30,000 | — | $30,000 |
| CORPORATE MAILING SERVICE | Other Service Provider | $10,068 | — | $10,068 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — Recordkeeper
- NWPS — Recordkeeper
- MATRIX TRUST COMPANY — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,315,584
- Estimated Expense Ratio: 0.403% 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 | $2,093,789 | $1,616,170 | $158,611 | $30,000 | — |
| 2023 | $1,776,893 | $1,221,866 | $149,666 | $29,321 | — |
| 2022 | $1,502,080 | $1,160,798 | $105,927 | — | $184,089 |