Retirement plan

SACRAMENTO AREA ELECTRICAL WORKERS PENSION AND PROFIT SHARING PLAN

Name: BOARD OF TRUSTEES, SACRAMENTO AREA ELECTRICAL WORKERS - SACRAMENTO AREA ELECTRICAL WORKERS PENSION AND PROFIT SHARING PLAN (2022) Form 5500
Creator: BOARD OF TRUSTEES, SACRAMENTO AREA ELECTRICAL WORKERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SACRAMENTO AREA ELECTRICAL WORKERS PENSION AND PROFIT SHARING PLAN, BOARD OF TRUSTEES, SACRAMENTO AREA ELECTRICAL WORKERS

BOARD OF TRUSTEES, SACRAMENTO AREA ELECTRICAL WORKERSdba PENSION AND PROFIT SHARING PLANEIN 94-2773478Plan #001PY 2022

1141 HARBOR BAY PKWY STE 100 - ALAMEDA, CA 94502510-433-4422

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$252.5M

-7.9% from 2016

Total participants

2,435

-3.8% from 2016

Average account balance

No prior year

Annual return

-13.86%

-8.15 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$326.82M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$120K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,733

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.20%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$766

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS8+ years Filed as: SIERRA INVESTMENT PARTNERS, INC Service code 28 101 YGNACIO VALLEY RD STE 300 · WALNUT CREEK, CA 94596	Investment Management	$305,423
MORGAN STANLEY SMITH BARNEY8+ years Service code 28 · EIN 26-4310632	Investment Management	$253,147
ASB CAPITAL MANAGEMENT8+ years Service code 28 · EIN 80-0618452	Investment Management	$140,890
GARCIA HAMILTON & ASSOCIATES8+ years Filed as: GARCIA HAMILTON & ASSOCIATES L.P. Service code 28 · EIN 76-0589652	Investment Management	$114,334
MATRIX TRUST COMPANY7 years Service code 18 · EIN 75-3182674	Custodial (other than securities); In...	$113,715
UNITED ADMINISTRATIVE SERVICES8+ years Service code 13 · EIN 94-1749354	Contract Administrator	$112,660
NWPS1 year Service code 15 · EIN 91-2090931	Recordkeeping	$74,894
MILLER KAPLAN ARASE LLP8+ years Service code 10 · EIN 95-2036255	Accounting	$27,500
NEYHART, ANDERSON, FLYNN & GROSBOLL8+ years Filed as: NEYHART ANDERSON FLYNN & GROSBOLL Service code 29 · EIN 94-2562134	Legal	$25,800

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2C2E

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$1344 / participant

Investment mgmt$1M77.3%
Contract admin$106K7.1%
Other / not subdivided$235K15.7%

% of EOY assets

0.595%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,774-100.0%

$112,270-100.0%

$77,906-100.0%

Participation rate

0.0%

80.2%-80.2pp

75.1%-75.1pp

73.7%-73.7pp

Annual return

-13.86%

-10.25%-3.6pp

27.49%-41.3pp

12.16%-26.0pp

Employer contribution / active EE

$14,537

$3,977+265.5%

$3,635+299.9%

$2,846+410.7%

Participant deferral / active EE

$3,778-100.0%

$4,729-100.0%

$4,805-100.0%

Admin fee / account holder

$239-100.0%

$6,411-100.0%

$133-100.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS8+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC

Service code 28

101 YGNACIO VALLEY RD STE 300 · WALNUT CREEK, CA 94596

Investment Management

$305,423

MORGAN STANLEY SMITH BARNEY8+ years

Service code 28 · EIN 26-4310632

Investment Management

$253,147

ASB CAPITAL MANAGEMENT8+ years

Service code 28 · EIN 80-0618452

Investment Management

$140,890

GARCIA HAMILTON & ASSOCIATES8+ years

Filed as: GARCIA HAMILTON & ASSOCIATES L.P.

Service code 28 · EIN 76-0589652

Investment Management

$114,334

MATRIX TRUST COMPANY7 years

Service code 18 · EIN 75-3182674

Custodial (other than securities); In...

$113,715

UNITED ADMINISTRATIVE SERVICES8+ years

Service code 13 · EIN 94-1749354

Contract Administrator

$112,660

NWPS1 year

Service code 15 · EIN 91-2090931

Recordkeeping

$74,894

MILLER KAPLAN ARASE LLP8+ years

Service code 10 · EIN 95-2036255

Accounting

$27,500

NEYHART, ANDERSON, FLYNN & GROSBOLL8+ years

Filed as: NEYHART ANDERSON FLYNN & GROSBOLL

Service code 29 · EIN 94-2562134

Legal

$25,800

SACRAMENTO AREA ELECTRICAL WORKERS PENSION AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SACRAMENTO AREA ELECTRICAL WORKERS PENSION AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion