Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2024
P.O. BOX 842 - NEW YORK, NY 10108646-473-6656
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$16913.3M
-4.8% from 2016
Total participants
296,800
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
5.96%
-7.74 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort185 peers
Snapshot2024
0
Participant deferral / active EE
$0
median $11
42
Employer contribution / active EE
$8,148
median $6,224
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
47
Annual return
5.96%
median 6.42%
Overall peer rank
45of 100
45th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$16.91B
Average account balance
Total assets / participants with a balance (line 6g)
$57K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
181,764
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$937.28M
Contributions per participant
Average employer and participant contribution per enrolled participant
$8K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.96%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 41 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 99 · EIN 13-1628401 | Other Fees | $70,015,298 |
3BF PARTNERS LLC2 years Service code 99 · EIN 37-1920632 | Other Fees | $1,600,524 |
COLOR HOLDINGS L.P.2 years Service code 16 · EIN 88-1898921 | Consulting | $651,814 |
KPMG LLP10+ years Service code 10 · EIN 13-5565207 | Accounting | $607,328 |
STEP VISUAL COMMUNICATIONS LLC10+ years Service code 36 · EIN 26-4662241 | Copying and duplicating | $553,043 |
MILLIMAN, INC.10+ years Service code 11 · EIN 91-0675641 | Actuarial | $392,350 |
Service code 36 · EIN 22-2787561 | Copying and duplicating | $348,638 |
Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $222,227 |
Service code 12 · EIN 22-1467904 | Claims processing | $173,572 |
PROSKAUER ROSE LLP10+ years Service code 29 · EIN 13-1840454 | Legal | $160,868 |
Enrolled actuary
1 attachment
MB
TIMOTHY L. CONNOR
MILLIMAN, INC.
Enrollment #2306974
463 7TH AVENUE
19TH FLOOR
NEW YORK, NY 10118
(646) 473-3000
Signed 2025-09-29
Reportable transactions (Schedule G)
38 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | NORTHWEST ACQUISITIONS ULC DOMINI | — | 210 SW MORRISON ST # 600, PORTLAND, OR 97204 | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | ZHENRO PROPERTIES GROUP LTD | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | ZHENRO PROPERTIES GROUP LTD | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | LEBANON GOVERNMENT INTL BOND | — | — | — |
| Part 1 Loan in default | NORTHWEST ACQUISITIONS ULC DOMINI | — | 210 SW MORRISON ST # 600 PORTLAND, OR 97204 | — |
| Part 1 Loan in default | AARAAN SHIPPING & TRADING PRIVATE L | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | OAS RESTRUCTURING (BVI) LIMITED | — | — | — |
| Part 1 Loan in default | ERICA R STRAWDER | — | 1622 MADISON AVENUE NEW YORK CITY, NY 10029 | — |
| Part 1 Loan in default | ELSIE R SAINT VALLIERE | — | 8 PARKWOOD DRIVE WESTBURY, NY 11590 | — |
| Part 1 Loan in default | RASHANDA R WHITE | — | 430 BIRCHWOOD RD MEDFORD, NY 11763 | — |
| Part 1 Loan in default | MARTINE LOWE | — | 111 DOUGLAS ST BRIDGEPORT, CT 06606 | — |
| Part 1 Loan in default | IKE ALIS O MARCANO | — | 7 WAYLAND WAY, ROCK TAVERN ROCK CAVERN, NY 12575 | — |
| Part 1 Loan in default | TAKEYA S BOBO | — | 9 GARDENIA LANE, PORT CHESTER, NY 10573 | — |
| Part 1 Loan in default | VINCENT THOMAS | — | 165 SWEETFIELD CIRCLE, YONKERS, NY 10704 | — |
| Part 1 Loan in default | RAMON ENRIQUE RODRIGUEZ | — | 7 STONE GATE RD, NY CENTRAL VALLEY, NY 10917 | — |
Plan features & details
Pension benefit codes1A
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
Opportunity flags
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$158.1M
$1374 / participant
- Investment mgmt$77M48.5%
- Legal$161K0.1%
- Actuarial$392K0.2%
- Salaries / allowances$49M30.8%
- Other / not subdivided$32M20.3%
% of EOY assets
0.935%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- KPMG LLP
- Auditor EIN
- 135565207
- Audit fees
- $607,328
- Opinion code
- Unqualified