Plan Snapshot
- Plan Sponsor: Board Of Trustees, South Bay Hotel Employees Restaurant Ee Welfare Fun
- Sponsor EIN: 946080365
- Sponsor Address: P.O. BOX 34203, SEATTLE, WA, 98124
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,323
- Total Assets: $53.0M
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 | 2,323 | $53.0M | $36.2M | $461,927 |
| 2023 | 2,045 | $50.2M | $29.4M | $432,972 |
| 2022 | 1,921 | $45.7M | $27.2M | $430,678 |
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 |
|---|---|---|---|---|
| WELFARE AND PENSION ADMIN SERVICE | Other Service Provider | $644,285 | $56,844 | $701,129 |
| AETNA | Other Service Provider | $187,383 | — | $187,383 |
| WITHUMSMITH+BROWN, PC | Auditor | $97,537 | — | $97,537 |
| QUEST INVESTMENT MANAGEMENT | Other Service Provider | $78,178 | — | $78,178 |
| PATRIOT GROWTH INSURANCE SERVICES | Other Service Provider | $66,000 | — | $66,000 |
| HEALTHLINX LLC | Other Service Provider | $46,000 | — | $46,000 |
| MARSH & MCLENNAN AGENCY | Investment Advisor | $26,724 | — | $26,724 |
| WEINBERG, ROGER & ROSENFELD | Other Service Provider | $21,969 | — | $21,969 |
| NEPC LLC | Recordkeeper | $15,000 | — | $15,000 |
| CHANGE HEALTHCARE SOLUTIONS, LLC | Other Service Provider | $6,244 | — | $6,244 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, PC — Auditor
- MARSH & MCLENNAN AGENCY — Investment Advisor
- NEPC LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,246,164
- Estimated Expense Ratio: 2.351% 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 | $1,242,908 | $93,178 | $768,882 | $71,638 | — |
| 2023 | $1,046,041 | $77,027 | $645,113 | $25,815 | — |
| 2022 | $950,268 | $120,099 | $545,083 | — | $185,770 |