Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2017
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)
$11864.6M
-4.8% from 2016
Total participants
264,517
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
14.75%
-7.74 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $107
57
Employer contribution / active EE
$5,815
median $5,439
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
60
Annual return
14.75%
median 14.12%
Overall peer rank
58of 100
58th 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 FUND3+ years Service code 99 · EIN 13-1628401 | Other Fees | $50,612,596 |
ACADIAN ASSET MANAGEMENT, LLC3+ years Service code 51 · EIN 04-2929221 | Investment Mgmt Fees | $3,415,988 |
HAMILTON LANE ADVISORS LLC3+ years Service code 51 · EIN 23-2962336 | Investment Mgmt Fees | $3,211,971 |
CORBIN CAPITAL PARTNERS, LP3+ years Service code 51 · EIN 30-0299433 | Investment Mgmt Fees | $3,126,593 |
ENTRUST CAPITAL MANAGEMENT LP3+ years Service code 51 · EIN 80-0759310 | Investment Mgmt Fees | $2,548,312 |
MESIROW ADVANCED STRATEGIES INC.3+ years Service code 51 · EIN 36-3741067 | Investment Mgmt Fees | $2,366,046 |
ARTISAN PARTNERS INTERNATIONAL3+ years Service code 51 · EIN 39-1807188 | Investment Mgmt Fees | $2,083,908 |
Service code 51 · EIN 04-3519872 | Investment Mgmt Fees | $1,886,388 |
THE TOWNSEND GROUP3+ years Service code 51 · EIN 34-1537656 | Investment Mgmt Fees | $1,768,217 |
AMERIPRISE FINANCIAL, INC.3+ years Service code 51 · EIN 13-3180631 | Investment Mgmt Fees | $1,486,047 |
Enrolled actuary
1 attachment
MB
TIMOTHY L. CONNOR
MILLIMAN, INC.
Enrollment #1706974
ONE PENNSYLVANIA PLAZA, 38TH FLOOR
NEW YORK, NY 10119
(646) 473-3000
Signed 2018-09-17
Reportable transactions (Schedule G)
17 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 | AT HOME CORP | — | 450 BROADWAY STREET REDWOOD CITY, CA 94063 | — |
| Part 1 Loan in default | GENON ESCROW CORP | — | 804 CARNEGIE CENTER PRINCETON, NJ 08540 | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA | — | — | — |
| Part 1 Loan in default | REAL ALLOY HLDG INC | — | 15301 VENTURA BOULEVARD, SUITE 400 SHERMAN OAKS, CA 91403 | — |
| Part 1 Loan in default | RRI ENERGY INC | — | 1000 MAIN STREET HOUSTON, TX 77002 | — |
| Part 1 Loan in default | SAMARCO MINERACAO S A | — | — | — |
| Part 1 Loan in default | OAS INVESTMENTS GMBH | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | ARAN SHIPPING & TRADING S A | — | — | — |
| Part 1 Loan in default | FIRSTPLUS RESIDUAL TR | — | 3965 PHELAN BOULEVARD SUITE 209 BEAUMONT, TX 77707 | — |
| Part 1 Loan in default | EMBASSY OF THE BOLIVARIAN REPUBLIC | — | 1099 30TH STREET, N.W. WASHINGTON, DC 20007 | — |
| Part 1 Loan in default | ZIFF DAVIS MEDIA INC | — | 28 E 28TH ST NEW YORK, NY 10016 | — |
| Part 1 Loan in default | DOMINGO ORTIZ | — | 1433 VYSE AVE APT C BRONX, NY 104591697 | — |
| Part 1 Loan in default | CECIL LEWIS | — | 5057 BROADWAY APT 23 NEW YORK, NY 100341121 | — |
| Part 1 Loan in default | GEORGE ATTOH | — | 6 SAGE STREET CENTRAL ISLIP, NY 117222845 | — |
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
$108.2M
$967 / participant
- Investment mgmt$49M45.3%
- Other / not subdivided$59M54.7%
% of EOY assets
0.912%
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