Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2015
P.O. BOX 842 - NEW YORK, NY 10108646-473-6365
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$10000.7M
-4.8% from 2016
Total participants
257,296
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
-1.08%
-7.74 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $79
55
Employer contribution / active EE
$5,361
median $4,628
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
52
Annual return
-1.08%
median -1.09%
Overall peer rank
53of 100
53rd 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 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
1199 SEIU NATIONAL BENEFIT FUND1+ years Service code 99 · EIN 13-1628401 | Other Fees | $43,380,776 |
HAMILTON LANE ADVISORS LLC1+ years Service code 51 · EIN 23-2962336 | Investment Mgmt Fees | $3,049,762 |
ENTRUST CAPITAL MANAGEMENT LP1+ years Service code 51 · EIN 80-0759310 | Investment Mgmt Fees | $2,880,756 |
MESIROW ADVANCED STRATEGIES INC.1+ years Service code 51 · EIN 36-3741067 | Investment Mgmt Fees | $2,781,092 |
ARTISAN PARTNERS INTERNATIONAL1+ years Service code 51 · EIN 39-1807188 | Investment Mgmt Fees | $2,721,058 |
CORBIN CAPITAL PARTNERS, LP1+ years Service code 51 · EIN 30-0299433 | Investment Mgmt Fees | $2,710,595 |
Service code 51 · EIN 04-3519872 | Investment Mgmt Fees | $2,627,017 |
ACADIAN ASSET MANAGEMENT, LLC1+ years Service code 51 · EIN 04-2929221 | Investment Mgmt Fees | $2,485,387 |
DDJ CAPITAL MANAGEMENT, LLC1+ years Service code 51 · EIN 04-3300754 | Investment Mgmt Fees | $2,004,415 |
THE TOWNSEND GROUP1+ years Service code 51 · EIN 34-1537656 | Investment Mgmt Fees | $1,579,078 |
Enrolled actuary
1 attachment
MB
KENNETH L. FRIEDMAN
MILLIMAN, INC.
Enrollment #1403550
ONE PENNSYLVANIA PLAZA, 38TH FLOOR
NEW YORK, NY 10119
(646) 473-3000
Signed 2016-09-12
Reportable transactions (Schedule G)
12 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 | ABENGOA FIN S A U | — | — | — |
| Part 1 Loan in default | ARAN SHIPPING & TRADING S A | — | — | — |
| Part 1 Loan in default | AT HOME CORP | — | 450 BROADWAY STREET REDWOOD CITY, CA 94063 | — |
| Part 1 Loan in default | BREITBURN ENERGY PARTNERS L P | — | 1401 MCKINNEY ST #2400 HOUSTON, TX 77010 | — |
| Part 1 Loan in default | FIRSTPLUS RESIDUAL TR | — | 3965 PHELAN BOULEVARD, SUITE 209 BEAUMONT, TX 77707 | — |
| Part 1 Loan in default | LINN ENERGY LLC LINN ENERGY FIN C | — | JPMORGAN CHASE TOWER 600 TRAVIS, SUITE 4900 HOUSTON, TX 77002 | — |
| Part 1 Loan in default | MAGNUM HUNTER RES CORP DEL | — | 909 LAKE CAROLYN PKWY SUITE 600 IRVING, TX 75039 | — |
| Part 1 Loan in default | OAS INVESTMENTS GMBH | — | — | — |
| Part 1 Loan in default | PEABODY ENERGY CORP | — | PEABODY PLAZA 701 MARKET ST ST. LOUIS, MO 631011826 | — |
| Part 1 Loan in default | QUICKSILVER RES INC | — | 801 CHERRY ST #3700 FORT WORTH, TX 76102 | — |
| Part 1 Loan in default | SAMSON INVT CO | — | SAMSON PLAZA TWO WEST SECOND STREET TULSA, OK 741033103 | — |
| Part 1 Loan in default | ZIFF DAVIS MEDIA INC | — | 160 GREENTREE DR., STE 101 DOVER, DE 19904 | — |
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
$101.3M
$902 / participant
- Investment mgmt$46M45.7%
- Other / not subdivided$55M54.3%
% of EOY assets
1.013%
all-in expense ratio
Categories reported
1 / 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
- (not subdivided)
- Opinion code
- Unqualified