Plan Snapshot
- Plan Sponsor: San Mateo County Electrical Construction Industry Retiremt Plan
- Sponsor EIN: 516052127
- Sponsor Address: 6800 SANTA TERESA BLVD., SUITE 100, SAN JOSE, CA, 95119
- Plan Type: DC
- Total Participants: 1,058
- Total Assets: $677.7M
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 | 1,058 | $677.7M | $31.9M | $0 |
| 2023 | 1,088 | $600.2M | $34.7M | $0 |
| 2022 | 1,325 | $514.4M | $30.0M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY | Recordkeeper | $1,021,329 | — | $1,021,329 |
| UNITED ADMINISTRATIVE SERVICES | Other Service Provider | $240,048 | — | $240,048 |
| NORTHWEST INVESTMENT CONSULTING | Recordkeeper | $121,834 | — | $121,834 |
| MG TRUST COMPANY DBA MATRIX TRUST | Recordkeeper | $97,277 | — | $97,277 |
| SIERRA INVESTMENT PARTNERS, INC. | Other Service Provider | $75,866 | — | $75,866 |
| INEICH & COMPANY, LLP | Auditor | $42,000 | — | $42,000 |
| NEYHART, ANDERSON, FLYNN & GROSBOLL | Other Service Provider | $21,500 | — | $21,500 |
| SMART SOURCE CRITICAL COMMUNICATION | Other Service Provider | $18,902 | — | $18,902 |
| PATRIOT GROWTH INSURANCE SERVICES, | Other Service Provider | $18,000 | — | $18,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- NORTHWEST INVESTMENT CONSULTING — Recordkeeper
- MG TRUST COMPANY DBA MATRIX TRUST — Recordkeeper
- INEICH & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,656,756
- Estimated Expense Ratio: 0.244% 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 | $1,944,009 | $1,334,329 | $242,048 | $42,000 | — |
| 2023 | $1,848,529 | $1,246,500 | $231,065 | $40,015 | — |
| 2022 | $1,881,632 | $1,288,519 | $229,112 | — | $84,930 |