Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2020
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)
$14953.5M
-4.8% from 2016
Total participants
273,634
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
16.18%
-7.74 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $23
41
Employer contribution / active EE
$7,616
median $5,975
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
76
Annual return
16.18%
median 12.84%
Overall peer rank
59of 100
59th 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 | $60,354,504 |
Service code 51 · EIN 91-1404505 | Investment Mgmt Fees | $977,294 |
INVESCO INSTITUTIONAL (NA), INC.6+ years Service code 51 · EIN 58-1707262 | Investment Mgmt Fees | $671,781 |
THE NORTHERN TRUST COMPANY6+ years Service code 18 · EIN 36-1561860 | Custodial (other than securities); Ot... | $619,500 |
STEP VISUAL COMMUNICATIONS LLC6+ years Service code 36 · EIN 26-4662241 | Copying and duplicating | $571,186 |
MILLIMAN, INC.6+ years Service code 11 · EIN 91-0675641 | Actuarial | $467,888 |
KPMG LLP6+ years Service code 10 · EIN 13-5565207 | Accounting | $291,359 |
PRUDENTIAL INSURANCE CO.6+ years Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $278,829 |
Service code 51 · EIN 13-3806691 | Investment Mgmt Fees | $250,772 |
PROSKAUER ROSE LLP6+ years Service code 29 · EIN 13-1840454 | Legal | $200,420 |
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 2021-09-30
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 | EXIDE INTERNATIONAL HOLDINGS LP | — | — | — |
| Part 1 Loan in default | EXIDE TECHNOLOGIES | — | — | — |
| Part 1 Loan in default | GULFPORT ENERGY CORP | — | 3001 QUAIL SPRINGS PARKWAY OKLAHOMA CITY, OK 73134 | — |
| Part 1 Loan in default | GULFPORT ENERGY CORP | — | 3001 QUAIL SPRINGS PARKWAY OKLAHOMA CITY, OK 73135 | — |
| Part 1 Loan in default | INTELSAT JACKSON HOLDINGS SA | — | — | — |
| Part 1 Loan in default | LEBANON GOVT INTERNATIONAL BOND | — | — | — |
| Part 1 Loan in default | NORTHWEST ACQ ULC DOMINIION FI | — | — | — |
| Part 1 Loan in default | NORTHWEST ACQ ULC DOMINIION FI | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | PVTPL ARAN SHIPPING & TRADING SA | — | 299 PARK AVE NEW YORK, NY 10171 | — |
| Part 1 Loan in default | PVTPL FIRSTPLUS RESIDUAL TR | — | 299 PARK AVE NEW YORK, NY 10171 | — |
| 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 | VENEZUELA GOVERNMENT INTERNATIONAL | — | — | — |
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
$191.7M
$1757 / participant
- Investment mgmt$121M63.4%
- Other / not subdivided$70M36.6%
% of EOY assets
1.282%
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