Plan Ledger DOL Form 5500 · updated monthly

San Mateo County Electrical Construction Industry Retiremt PlanMoney purchase plan

SAN MATEO COUNTY ELECTRICAL CONSTRUCTION INDUSTRY RETIREMT PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

San Mateo County Electrical Construction Industry Retiremt Plan reported $1,944,009 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $30,172 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 fell from 0.34% to 0.31%. 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 188th-largest of 9,483 plans among California employers on file, and the 97th of 5,337 in construction. active participation has shrunk from 1,325 to 1,058 since 2022.

Plan summary
Net assets, end of year$676,440,842
Participants with balances1,781
Active participants1,058
Employer contributions$31,922,122
Employee contributions—
Employer contribution per active participant$30,172
Average account balance$379,810
Benefits paid to participants$26,882,623
Plan auditUnmodified (clean) audit opinion
AuditorINEICH & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$676.4M · 1,781 accts · $31.9M emplr
2023$597.5M · 1,840 accts · $34.7M emplr
2022$512.7M · 1,837 accts · $30.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$301,230
Investment management$1,334,329
Audit (IQPA)$42,000
Total administrative$1,944,009
Employer contributions to the San Mateo County Electrical Construction Industry Retiremt Plan plan · 2024
Employer contribution per active participant$30,172
Median for plans this size$4,294
2024$30,172 per active participant
2023$31,901 per active participant
2022$22,666 per active participant

San Mateo County Electrical Construction Industry Retiremt Plan'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 · 20249
MORGAN STANLEY · Recordkeeping · Custodial (securities)$1,021,329
NORTHWEST INVESTMENT CONSULTING · Recordkeeping$121,834
UNITED ADMINISTRATIVE SERVICES · Contract administrator$240,048
MG TRUST COMPANY DBA MATRIX TRUST · Custodial (securities) · Trustee (directed)$97,277
SIERRA INVESTMENT PARTNERS, INC. · Investment management$75,866
INEICH & COMPANY, LLP · Accounting / audit$42,000
NEYHART, ANDERSON, FLYNN & GROSBOLL · Legal$21,500
SMART SOURCE CRITICAL COMMUNICATION$18,902
PATRIOT GROWTH INSURANCE SERVICES, · Pension consulting$18,000

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

Recordkeeper by year2
2024Morgan Stanley, NORTHWEST INVESTMENT CONSULTING
2023Morgan Stanley, NORTHWEST INVESTMENT CONSULTING

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,944,009 · 0.31%
2023$1,848,529 · 0.33%
2022$1,881,632 · 0.34%
Similar plansConstruction · California
Swinerton Incorporated CA$831.5M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 516052127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.