Plan Snapshot
- Plan Sponsor: Board Of Trustees, Santa Monica Unite Here Health
- Sponsor EIN: 956035138
- Sponsor Address: 1200 WILSHIRE BLVD FL 5, LOS ANGELES, CA, 90017
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 18,507
- Total Assets: $212.4M
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 | 18,507 | $212.4M | $157.9M | $1.0M |
| 2023 | 16,430 | $176.1M | $163.4M | $991,981 |
| 2022 | 14,475 | $117.8M | $133.1M | $1.1M |
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 | $2,111,296 | — | $2,111,296 |
| UNITE HERE LOCAL 11 BENEFITS ADMIN | Other Service Provider | $1,190,000 | — | $1,190,000 |
| DESIGN BENEFITS | Other Service Provider | $545,670 | — | $545,670 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $402,359 | — | $402,359 |
| COMMON GOOD TECHNOLOGIES CONSULTING | Other Service Provider | $166,554 | — | $166,554 |
| US BANK NATIONAL ASSOCIATION | Recordkeeper | $100,048 | — | $100,048 |
| RAEL & LETSON | Other Service Provider | $88,200 | — | $88,200 |
| WEINBERG, ROGER & ROSENFELD | Other Service Provider | $76,819 | — | $76,819 |
| HENNINGFIELD & ASSOCIATES, INC. | Auditor | $64,057 | — | $64,057 |
| FIRST HEALTH | Other Service Provider | $54,567 | — | $54,567 |
| INTERCONTINENTAL REAL ESTATE CORP. | Other Service Provider | $33,902 | — | $33,902 |
| PENSION FUND EVALUATIONS, INC. | Other Service Provider | $18,000 | — | $18,000 |
| MILLER KAPLAN ARASE LLP | Auditor | $17,200 | — | $17,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- US BANK NATIONAL ASSOCIATION — Recordkeeper
- HENNINGFIELD & ASSOCIATES, INC. — Auditor
- 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: $4,868,672
- Estimated Expense Ratio: 2.292% 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 | $4,244,037 | $51,902 | $2,111,296 | $17,200 | — |
| 2023 | $3,329,780 | $51,130 | $1,856,004 | $16,400 | — |
| 2022 | $3,160,249 | $86,846 | $1,817,163 | — | $272,955 |