Plan Snapshot
- Plan Sponsor: Board Of Trustees, Santa Monica Police Officers'
- Sponsor EIN: 957011261
- Sponsor Address: 1200 WILSHIRE BLVD 5TH FL, LOS ANGELES, CA, 90017
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 210
- Total Assets: $28.8M
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 | 210 | $28.8M | $367,024 | $660,848 |
| 2023 | 213 | $25.8M | $362,805 | $652,824 |
| 2022 | 200 | $23.0M | $343,180 | $528,516 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES, INC. | Recordkeeper | $137,034 | — | $137,034 |
| BENEFIT PROGRAMS ADMINISTRATION | Other Service Provider | $54,197 | — | $54,197 |
| WAGNER LAW | ERISA Attorney | $20,880 | — | $20,880 |
| MILLER KAPLAN ARASE LLP | Auditor | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES, INC. — Recordkeeper
- WAGNER LAW — 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: $232,111
- Estimated Expense Ratio: 0.806% 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 | $259,519 | $137,034 | $54,197 | $20,000 | — |
| 2023 | $247,910 | $119,045 | $51,680 | $21,200 | — |
| 2022 | $259,163 | $120,608 | $50,035 | — | $63,730 |