Plan Ledger DOL Form 5500 · updated monthly

Seiu Local 1021401(k)

SEIU LOCAL 1021 RETIREMENT SAVINGS PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Seiu Local 1021 reported $19,752 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,112 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 0.18% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 3,059th-largest of 9,483 plans among California employers on file, and the 856th of 3,341 in other services. In 2024, employees put in $3.91 for every $1.00 the employer contributed; active participation has grown from 165 to 202 since 2022.

Plan summary
Net assets, end of year$25,414,063
Participants with balances182
Active participants202
Employer contributions$224,600
Employee contributions$878,971
Employer contribution per active participant$1,112
Average account balance$139,638
Benefits paid to participants$3,412,569
Plan auditUnmodified (clean) audit opinion
AuditorCOMYNS, SMITH, MCCLEARY & DEAVER LL
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 182 accts · $225K emplr
2023$24.5M · 190 accts · $193K emplr
2022$21.0M · 177 accts · $61K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,752
Total administrative$19,752
The Seiu Local 1021 401(k) match · 2024
Employer contribution per active participant$1,112
Median for plans this size$2,416
2024$1,112 per active participant
2023$1,094 per active participant
2022$367 per active participant

Seiu Local 1021's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
MILLIMAN, INC. · Recordkeeping · Loan processing$15,849

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$19,752 · 0.08%
2023$36,952 · 0.16%
2022$40,680 · 0.18%
Same employer
Similar plansOther Services · California
Simco Electronics CA$26.8M · 0.51%
San Francisco Spca CA$26.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205893698 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.