Plan Snapshot
- Plan Sponsor: Board Of Trustees, San Luis Obispo County Electrical
- Sponsor EIN: 770123661
- Sponsor Address: 6363 EDNA RD, SAN LUIS OBISPO, CA, 93401
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 48
- Total Assets: $2.9M
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 | 48 | $2.9M | $347,124 | $0 |
| 2023 | 48 | $2.7M | $307,912 | $0 |
| 2022 | 44 | $2.4M | $326,452 | $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 |
|---|---|---|---|---|
| EMPLOYEES | Recordkeeper | $184,269 | — | $184,269 |
| ELECTRICAL TRAINING ALLIANCE | Other Service Provider | $31,754 | — | $31,754 |
| IBEW LOCAL UNION 639 | Other Service Provider | $30,000 | — | $30,000 |
| MILLER KAPLAN ARASE LLP | Auditor | $12,754 | — | $12,754 |
| STRATEGY WORKPLACE COMMUNICATIONS | Other Service Provider | $7,547 | — | $7,547 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEES — 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: $266,324
- Estimated Expense Ratio: 9.116% 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 | $394,228 | — | — | — | — |
| 2023 | $407,113 | — | — | — | — |
| 2022 | $374,906 | — | — | — | — |