Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2018
P.O. BOX 842 - NEW YORK, NY 10108646-473-6336
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$11392.9M
-4.8% from 2016
Total participants
267,588
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
-3.08%
-7.74 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $242
72
Employer contribution / active EE
$6,994
median $4,311
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,764,297
0
Admin fee / account holder
$0
median $62,356
52
Annual return
-3.08%
median -3.24%
Overall peer rank
62of 100
62nd 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 |
|---|---|---|
Service code 99 · EIN 13-1628401 | Other Fees | $52,813,884 |
CORBIN CAPITAL PARTNERS, LP4+ years Service code 51 · EIN 30-0299433 | Investment Mgmt Fees | $2,779,347 |
ACADIAN ASSET MANAGEMENT, LLC4+ years Service code 51 · EIN 04-2929221 | Investment Mgmt Fees | $2,614,723 |
HAMILTON LANE ADVISORS LLC4+ years Service code 51 · EIN 23-2962336 | Investment Mgmt Fees | $2,415,901 |
Service code 51 · EIN 04-3519872 | Investment Mgmt Fees | $2,030,602 |
Service code 51 · EIN 30-0551775 | Investment Mgmt Fees | $1,808,907 |
TOWNSEND GROUP, THE1 year Service code 51 · EIN 34-1537656 | Investment Mgmt Fees | $1,396,370 |
ENTRUST CAPITAL MANAGEMENT LP4+ years Service code 51 · EIN 80-0759310 | Investment Mgmt Fees | $1,192,304 |
WESTERN ASSET MANAGEMENT COMPANY4+ years Service code 51 · EIN 95-2705767 | Investment Mgmt Fees | $1,190,856 |
MACKAY SHIELDS LLC4+ years Service code 51 · EIN 13-2631681 | Investment Mgmt Fees | $1,014,221 |
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 2019-10-03
Reportable transactions (Schedule G)
19 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 | 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 | BERNARD BLONDELL | — | 1132 E 229 STREET 5E BRONX, NY 10466 | — |
| Part 1 Loan in default | BRISTOW GROUP INC. | — | 2103 CITY WEST BOULEVARD 4TH FLOOR HOUSTON, TX 77042 | — |
| Part 1 Loan in default | DONALD MEDLEY | — | 109-19 214TH STREET QUEENS VILLAGE, NY 11429 | — |
| Part 1 Loan in default | FIRSTR COMMAND FINANCIAL PLANNING | — | 3965 PHELAN BOULEVARD SUITE 209 BEAUMONT, TX 77707 | — |
| Part 1 Loan in default | OAS INVESTMENTS GMBH | — | — | — |
| Part 1 Loan in default | PACIFIC GAS AND ELECTRIC COMPANY | — | EQ SHAREOWNER SERVICES P. O. BOX 64874 ST. PAUL, MN 551640874 | — |
| Part 1 Loan in default | PACIFIC GAS AND ELECTRIC COMPANY | — | EQ SHAREOWNER SERVICES P. O. BOX 64874 ST. PAUL, MN 551640874 | — |
| Part 1 Loan in default | PACIFIC GAS AND ELECTRIC COMPANY | — | EQ SHAREOWNER SERVICES P. O. BOX 64874 ST. PAUL, MN 551640874 | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | REAL ALLOY HLDG INC | — | 15301 VENTURA BOULEVARD SUITE 400 SHERMAN OAKS, CA 91403 | — |
| Part 1 Loan in default | REPUBLICA BOLIVARIANA DE VENEZUELA | — | — | — |
| Part 1 Loan in default | SAMARCO MINERACAO SA | — | — | — |
| Part 1 Loan in default | SHAWN BROWN | — | 1287 ARNOW AVENUE BRONX, NY 10469 | — |
| Part 1 Loan in default | THERESE YOUNGBLOOD | — | 116 LENA AVENUE FREEPORT, NY 11520 | — |
| Part 1 Loan in default | WINDSTREAM SERVICES, LLC | — | 4001 RODNEY PARHAM ROAD LITTLE ROCK, AR 722122442 | — |
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
$124.8M
$1117 / participant
- Investment mgmt$62M49.5%
- Other / not subdivided$63M50.5%
% of EOY assets
1.095%
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