Plan Snapshot
- Plan Sponsor: Trustees Of South Florida Electrical Workers Pension Plan
- Sponsor EIN: 596230530
- Sponsor Address: 2550 W UNION HILLS DR STE 290, PHOENIX, AZ, 85027
- Plan Type: DB
- Total Participants: 759
- Total Assets: $147.8M
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 | 759 | $147.8M | $7.8M | $0 |
| 2023 | 784 | $133.2M | $6.5M | $0 |
| 2022 | 804 | $119.2M | $7.8M | $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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS, LLC | Other Service Provider | $195,456 | — | $195,456 |
| ALAN EICHENBAUM | Other Service Provider | $180,000 | — | $180,000 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $143,438 | — | $143,438 |
| BELLOWS ASSOCIATES, P.A. | Other Service Provider | $81,767 | — | $81,767 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $77,428 | — | $77,428 |
| SEIZERT CAPITAL PARTNERS | Other Service Provider | $40,227 | — | $40,227 |
| PNC | Other Service Provider | $32,136 | — | $32,136 |
| GREAT LAKES ADVISORS | Other Service Provider | $30,304 | — | $30,304 |
| THE SEGAL COMPANY | Other Service Provider | $30,186 | — | $30,186 |
| CHEVY CHASE TRUST COMPANY | Other Service Provider | $27,051 | — | $27,051 |
| UNITED MEMBERS INSURANCE, INC. | Other Service Provider | $25,130 | — | $25,130 |
| BAHL & GAYNOR INVESTMENT COUNCIL | Other Service Provider | $20,776 | — | $20,776 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $13,058 | — | $13,058 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $896,957
- Estimated Expense Ratio: 0.607% 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 | $1,012,684 | $404,300 | $145,249 | $81,767 | — |
| 2023 | $1,097,576 | $403,600 | $156,718 | $101,668 | — |
| 2022 | $3,440,411 | $483,146 | $158,772 | — | $356,718 |