Plan Snapshot
- Plan Sponsor: San Mateo Hotel Employees & Restaurant Employees Welfare Fund
- Sponsor EIN: 946081299
- Sponsor Address: 6800 SANTA TERESA BLVD., SUITE 100, SAN JOSE, CA, 95119
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,848
- Total Assets: $32.4M
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 | 2,848 | $32.4M | $49.5M | $0 |
| 2023 | 2,436 | $26.2M | $40.2M | $0 |
| 2022 | 1,814 | $21.2M | $29.3M | $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 |
|---|---|---|---|---|
| UNITED ADMINISTRATIVE SERVICES | Other Service Provider | $629,606 | — | $629,606 |
| ANTHEM BLUE CROSS LIFE & HEALTH INS | Other Service Provider | $259,079 | — | $259,079 |
| WITHUM SMITH & BROWN | Auditor | $153,755 | — | $153,755 |
| RAEL & LETSON | Other Service Provider | $104,415 | — | $104,415 |
| ASCENDANT HEALTHCARE | Other Service Provider | $67,334 | — | $67,334 |
| SMART SOURCE LLC | Other Service Provider | $41,460 | — | $41,460 |
| INEICH & COMPANY, LLP | Auditor | $24,688 | — | $24,688 |
| CHARLES SCULLY II | Recordkeeper | $24,000 | — | $24,000 |
| US BANK, N.A. | Recordkeeper | $20,284 | — | $20,284 |
| GARCIA HAMILTON & ASSOCIATES | Other Service Provider | $16,099 | — | $16,099 |
| PENSION EVALUATION, INC. | Other Service Provider | $10,000 | — | $10,000 |
| WEALTH ENHACEMENT GROUP | Other Service Provider | $9,257 | — | $9,257 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN — Auditor
- INEICH & COMPANY, LLP — Auditor
- CHARLES SCULLY II — Recordkeeper
- US BANK, N.A. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,359,977
- Estimated Expense Ratio: 4.191% 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 | $1,474,308 | $35,356 | $629,606 | $24,688 | — |
| 2023 | $1,204,072 | $54,969 | $508,719 | $23,162 | — |
| 2022 | $976,554 | $51,613 | $389,870 | — | $274,506 |