Plan Snapshot
- Plan Sponsor: Board Of Trustees, San Mateo Electrical Workers Health Plan
- Sponsor EIN: 946077924
- Sponsor Address: 6800 SANTA TERESA BLVD, SUITE 100, SAN JOSE, CA, 95119
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 974
- Total Assets: $82.8M
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 | 974 | $82.8M | $29.4M | $792,482 |
| 2023 | 1,051 | $87.4M | $37.1M | $893,803 |
| 2022 | 1,046 | $82.4M | $33.8M | $764,622 |
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 |
|---|---|---|---|---|
| UNITED ADMINISTRATIVE SERVICES | Other Service Provider | $516,941 | — | $516,941 |
| ANTHEM BC LIFE AND HEALTH INS CO. | Other Service Provider | $380,248 | — | $380,248 |
| FORT WASHINGTON INVESTMENT ADVISORS | Other Service Provider | — | $96,895 | $96,895 |
| SIERRA INVESTMENT PARTNERS, INC. | Other Service Provider | $87,853 | — | $87,853 |
| NAVIA BENEFIT SOLUTIONS | Other Service Provider | $70,443 | — | $70,443 |
| PATRIOT GROWTH INSURANCE SERVICES | Other Service Provider | $65,100 | — | $65,100 |
| HEALTHLINX, LLC | Other Service Provider | $50,400 | — | $50,400 |
| INEICH & COMPANY, LLP | Auditor | $47,493 | — | $47,493 |
| COMPLIANCE AUDIT SERVICES | Other Service Provider | $32,360 | — | $32,360 |
| US BANK | Recordkeeper | $24,468 | — | $24,468 |
| NEYHART, ANDERSON, FLYNN & GROSBOLL | Other Service Provider | $19,795 | — | $19,795 |
| MORGAN STANLEY | Recordkeeper | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INEICH & COMPANY, LLP — Auditor
- US BANK — Recordkeeper
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,396,996
- Estimated Expense Ratio: 1.687% 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 | $1,390,014 | $192,926 | $516,941 | $47,493 | — |
| 2023 | $1,424,874 | $198,667 | $523,022 | $48,070 | — |
| 2022 | $1,476,799 | $215,708 | $497,744 | — | $163,578 |