Page 14 - DCAC May 2025 Files

San Mateo County 457 and 401(a) Plans
Accounts with Balances Under $7,000 and Separated from Service
At March 31, 2025

< $1,000 > $1,000 < $7,000 Grand Totals
Plan # Plan Name # of Parts. Balance # of Parts. Balance # of Parts. Balance
776970-01 SMC 457 Plan 2,365 $ 439,832 893 $ 2,685,271 3,258 $ 3,125,102
776970-02 SMC 401(a) Plan (Contract EEs) 120 $ 18,106 144 $ 511,763 264 $ 529,869
776970-03 SMC 457 OBRA 2,346 $ 628,971 831 $ 2,286,531 3,177 $ 2,915,502
776970-04 SMC 401(a) OBRA 862 $ 157,508 328 $ 938,247 1,190 $ 1,095,755
776970-05 SMC 401(a) Money Purchase 1 $ 282 1 $ 282
Grand Totals: 5,694 $ 1,244,699 2,196 $ 6,421,812 7,890 $ 7,666,511

< $1,000 > $1,000 < $7,000 Grand Totals
Plan # Outcome - Rollover or Cash Out # of Parts. Balance # of Parts. Balance # of Parts. Balance
All Plans Rollover to an Empower IRA: 983 $ 175,897 2,196 $ 6,421,812 3,179 $ 6,597,709
All Plans Cash out to participant: 4,711 $ 1,068,802 0 $ - 4,711 $ 1,068,802
Grand Totals: 7,890 $ 7,666,511

Cash outs are in green
Rollovers to Empower IRA are in purple