Plan Snapshot
- Plan Sponsor: Board Of Trustees - Southern Electrical Retirement Fund
- Sponsor EIN: 626125711
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: DC
- Total Participants: 13,044
- Total Assets: $2.2B
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 | 13,044 | $2.2B | $141.0M | $0 |
| 2023 | 11,461 | $1.9B | $122.0M | $0 |
| 2022 | 11,228 | $1.7B | $117.7M | $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 |
|---|---|---|---|---|
| LOOMIS, SAYLES & COMPANY, LP | Other Service Provider | $758,005 | — | $758,005 |
| CLEARBRIDGE INVESTMENTS, LLC | Other Service Provider | $719,881 | — | $719,881 |
| SOUTHERN BENEFIT ADMINISTRATORS | Other Service Provider | $681,148 | — | $681,148 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $483,826 | $25,454 | $509,280 |
| NATIONAL REAL ESTATE ADVISORS LLC | Other Service Provider | $501,979 | — | $501,979 |
| BARROW HANLEY MEWHINNEY & STRAUSS | Other Service Provider | $455,358 | — | $455,358 |
| RAYMOND JAMES & ASSOCIATES | Recordkeeper | $450,000 | — | $450,000 |
| NEWTOWER TRUST COMPANY | Other Service Provider | — | $385,224 | $385,224 |
| BOSTON PARTNERS | Other Service Provider | $363,857 | — | $363,857 |
| HUDSON EDGE INVESTMENT PARTNERS | Other Service Provider | $329,245 | — | $329,245 |
| ELECTRICAL CAPITAL ADVISORS III | Other Service Provider | — | $275,046 | $275,046 |
| POLEN CAPITAL | Other Service Provider | $205,498 | — | $205,498 |
| BLACKROCK | Other Service Provider | $192,176 | — | $192,176 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | — | $169,190 | $169,190 |
| AFL-CIO BUILDING INVESTMENT TRUST | Other Service Provider | — | $168,144 | $168,144 |
| SEIX INVESTMENT ADVISORS, LLC | Other Service Provider | $156,324 | — | $156,324 |
| MFS INSTITUTIONAL ADVISORS | Other Service Provider | $155,696 | — | $155,696 |
| STRANCH, JENNINGS & GARVEY | Other Service Provider | $136,340 | — | $136,340 |
| AMERICAN REALTY ADVISORS | Other Service Provider | — | $133,901 | $133,901 |
| STACEY BRAUN ASSOCIATES | Other Service Provider | $122,417 | $1,619 | $124,036 |
| FAYEZ SAROFIM & CO | Other Service Provider | $76,805 | — | $76,805 |
| DANIELS, IRWIN & AYLOR | Auditor | $58,000 | — | $58,000 |
| SEGAL MARCO ADVISORS | Other Service Provider | $20,833 | — | $20,833 |
| REGIONS BANK | Other Service Provider | $10,867 | — | $10,867 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES — Recordkeeper
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,036,833
- Estimated Expense Ratio: 0.321% 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 | $6,599,233 | $5,003,935 | $617,200 | $58,000 | — |
| 2023 | $6,271,921 | $4,936,728 | $597,600 | $60,850 | — |
| 2022 | $5,693,526 | $4,421,308 | $583,200 | — | $163,250 |