Plan Snapshot
- Plan Sponsor: Board Of Trustees, Santa Monica City Employees
- Sponsor EIN: 306001608
- Sponsor Address: 1200 WILSHIRE BLVD 5TH FL, LOS ANGELES, CA, 90017
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,623
- Total Assets: $103.2M
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 | 1,623 | $103.2M | $3.5M | $735 |
| 2023 | 1,541 | $94.1M | $3.3M | $0 |
| 2022 | 1,483 | $82.2M | $3.1M | $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 |
|---|---|---|---|---|
| BENEFIT PROGRAMS ADMINISTRATION | Other Service Provider | $181,092 | — | $181,092 |
| CHANDLER ASSET MANAGEMENT | Other Service Provider | $140,253 | — | $140,253 |
| WAGNER LAW GROUP | ERISA Attorney | $57,487 | — | $57,487 |
| MILLER KAPLAN ARASE LLP | Auditor | $37,500 | — | $37,500 |
| FOSTER + FOSTER | Other Service Provider | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WAGNER LAW GROUP — ERISA Attorney
- 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: $426,832
- Estimated Expense Ratio: 0.413% 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 | $485,631 | $140,253 | $181,092 | $31,900 | — |
| 2023 | $423,480 | $125,066 | $166,868 | $30,400 | — |
| 2022 | $558,519 | $121,323 | $164,228 | — | $242,584 |