Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2019
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)
$12974.4M
-4.8% from 2016
Total participants
272,486
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
14.69%
-7.74 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $181
59
Employer contribution / active EE
$7,212
median $5,091
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $69,208,052
0
Admin fee / account holder
$0
median $454,372
41
Annual return
14.69%
median 15.63%
Overall peer rank
50of 100
50th 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 | $56,164,832 |
Service code 51 · EIN 91-1404505 | Investment Mgmt Fees | $1,039,215 |
THE NORTHERN TRUST COMPANY5+ years Service code 18 · EIN 36-1561860 | Custodial (other than securities); Ot... | $948,009 |
INVESCO INSTITUTIONAL (NA), INC.5+ years Service code 51 · EIN 58-1707262 | Investment Mgmt Fees | $863,964 |
KPMG LLP5+ years Service code 10 · EIN 13-5565207 | Accounting | $471,866 |
PRUDENTIAL INSURANCE CO.5+ years Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $467,363 |
STEP VISUAL COMMUNICATIONS LLC5+ years Service code 36 · EIN 26-4662241 | Copying and duplicating | $430,500 |
MILLIMAN, INC.5+ years Service code 11 · EIN 91-0675641 | Actuarial | $426,799 |
Service code 51 · EIN 13-3806691 | Investment Mgmt Fees | $245,253 |
LEVY, RATNER P.C.5+ years Service code 29 · EIN 13-3726314 | Legal | $236,278 |
Enrolled actuary
1 attachment
MB
TIMOTHY L. CONNOR
MILLIMAN, INC.
Enrollment #2006974
ONE PENNSYLVANIA PLAZA, 38TH FLOOR
NEW YORK, NY 10119
(646) 473-3000
Signed 2020-10-08
Reportable transactions (Schedule G)
35 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 | BARBARA DOBY | — | 2931 FREDRICK DOUGLAS BLVD NEW YORK, NY 100391307 | — |
| Part 1 Loan in default | CALIFORNIA RES CORP | — | 27200 TOURNEY ROAD SUITE 200 SANTA CLARITA, CA 91355 | — |
| Part 1 Loan in default | CALIFORNIA RES CORP | — | 27200 TOURNEY ROAD SUITE 200 SANTA CLARITA, CA 91355 | — |
| Part 1 Loan in default | CHESAPEAKE ENERG | — | 6100 N WESTERN AVE 4TH FLOOR OKLAHOMA CITY, OK 73118 | — |
| Part 1 Loan in default | DARNELL MORRIS | — | 2116 GRAND AVENUE BRONX, NY 10453 | — |
| Part 1 Loan in default | DIAMOND OFFSHORE DRILLING INC | — | 15415 KATY FREEWAY SUITE 100 HOUSTON, TX 77707 | — |
| Part 1 Loan in default | EXIDE TECHNOLOGIES | — | 13000 DEERFIELD PKWY ALPHARETTA, GA 30004 | — |
| Part 1 Loan in default | EXIDE TECHNOLOGIES | — | 13000 DEERFIELD PKWY P. O. BOX 64874 ALPHARETTA, GA 30004 | — |
| Part 1 Loan in default | EXTRACTION OIL & GAS INC | — | 370 17TH STREET SUITE 5300 DENVER, CO 80202 | — |
| Part 1 Loan in default | EXTRACTION OIL & GAS INC | — | 370 17TH STREET SUITE 5300 DENVER, CO 80202 | — |
| Part 1 Loan in default | FRONTIER COMM CORP | — | 401 MERRITT 7 LIBERTADOR CON CALLE EL EMPALME NORWALK, CT 06851 | — |
| Part 1 Loan in default | FRONTIER COMMUNICATIONS CORP | — | 401 MERRITT 7 LIBERTADOR CON CALLE EL EMPALME NORWALK, CT 06851 | — |
| Part 1 Loan in default | FRONTIER COMMUNICATIONS CORP | — | 401 MERRITT 7 LIBERTADOR CON CALLE EL EMPALME NORWALK, CT 06851 | — |
| Part 1 Loan in default | FRONTIER COMMUNICATIONS CORP | — | 401 MERRITT 7 SUITE 400 NORWALK, CT 06851 | — |
| Part 1 Loan in default | HERTZ CORP | — | 106-12 ATLANTIC AVE QUEENS, NY 11416 | — |
| Part 1 Loan in default | HERTZ CORP SR | — | 106-12 ATLANTIC AVE FUNCIONARIOS QUEENS, NY 11416 | — |
| Part 1 Loan in default | HIGH RIDGE BRANDS CO | — | 333 LUDLOW ST TOWER 2ND FLOOR STAMFORD, CT 06902 | — |
| Part 1 Loan in default | LATAM FIN LTD | — | — | — |
| Part 1 Loan in default | LATAM FIN LTD | — | — | — |
| Part 1 Loan in default | MARIA PARDO | — | 35 ROBERTSON AVE MIDDLETOWN, NY 10940 | — |
| Part 1 Loan in default | NORMA CAMPBELL | — | 188 16 QUENCER ROAD SAINT ALBANS, NY 11412 | — |
| Part 1 Loan in default | NORTHWEST ACQUISITIONS | — | 210 SW MORRISON ST # 600 PORTLAND, OR 97204 | — |
| Part 1 Loan in default | NORTHWEST ACQUISITIONS | — | 210 SW MORRISON ST # 600 PORTLAND, OR 97204 | — |
| Part 1 Loan in default | PETRA DIAMONDS | — | — | — |
| 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 | PVTPL INTELSAT JACKSON HLDGS LTD | — | — | — |
| Part 1 Loan in default | REPUBLICA BOLIVARIANA DE VENEZUELA | — | — | — |
| Part 1 Loan in default | SABINE BERTRAND | — | 115-89 222ND STREET CAMBRIA HEIGHTS, NY 114111230 | — |
| Part 1 Loan in default | TAMEKIA E. MCGILL | — | 55 MEADOW VIEW DRIVE MIDDLETOWN, NY 10940 | — |
| Part 1 Loan in default | ULTRA RES INC | — | 400 N. SAM HOUSTON PARKLWAY E. HOUSTON, TX 77060 | — |
| Part 1 Loan in default | VALARIS PLC | — | 2800 POST OAK BLVD #5450 HOUSTON, TX 77056 | — |
| Part 1 Loan in default | WHITING PETE COR | — | 1700 LINCOLN SUITE 4700 DENVER, CO 80203 | — |
| Part 1 Loan in default | WHITING PETE COR | — | 1700 LINCOLN SUITE 4700 DENVER, CO 80203 | — |
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
$134.3M
$1186 / participant
- Investment mgmt$70M52.2%
- Other / not subdivided$64M47.8%
% of EOY assets
1.035%
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