Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, San Francisco Electrical Workers401(k)

SAN FRANCISCO ELECTRICAL WORKERS RETIREMENT SAVINGS PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees, San Francisco Electrical Workers reported $1,342,634 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9,354 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.23% to 0.25%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 235th-largest of 9,483 plans among California employers on file, and the 123rd of 5,337 in construction. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves; active participation has shrunk from 2,437 to 1,920 since 2022.

Plan summary
Net assets, end of year$561,410,591
Participants with balances3,103
Active participants1,920
Employer contributions$17,959,956
Employee contributions$15,207,410
Employer contribution per active participant$9,354
Average account balance$180,925
Benefits paid to participants$51,081,189
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$561.4M · 3,103 accts · $18.0M emplr
2023$507.3M · 3,184 accts · $16.8M emplr
2022$421.6M · 3,251 accts · $16.4M emplr
Administrative expenses, itemized · 2024
Investment management$820,319
Audit (IQPA)$24,150
Total administrative$1,342,634
The Board of Trustees, San Francisco Electrical Workers 401(k) match · 2024
Employer contribution per active participant$9,354
Median for plans this size$4,294
2024$9,354 per active participant
2023$8,013 per active participant
2022$6,748 per active participant

Board of Trustees, San Francisco Electrical Workers's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
FIDELITY INVESTMENTS · Loan processing$766,319
E.I.S.B., INC. · Plan administrator$273,127
ALAN BILLER & ASSOCIATES · Consulting$54,000
DAVID CRUTCHER · Legal$27,186
MILLER KAPLAN ARASE LLP · Accounting / audit$24,150
STEPHEN HORN INSURANCE SERVICES · Insurance servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,342,634 · 0.25%
2023$1,207,874 · 0.26%
2022$1,045,818 · 0.23%
Similar plansConstruction · California

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 946062674 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.