Retirement plan
1199SEIU HEALTH CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDEIN 13-3604862Plan #001PY 2023
P.O. BOX 842 - NEW YORK, NY 10108646-473-6656
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$16166.2M
-4.8% from 2016
Total participants
289,935
-0.5% from 2016
Average account balance
$0
No prior year
Annual return
8.15%
-7.74 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $12
42
Employer contribution / active EE
$7,613
median $5,926
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
46
Annual return
8.15%
median 8.27%
Overall peer rank
44of 100
44th 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 | $61,075,903 |
3BF PARTNERS LLC1 year Service code 99 · EIN 37-1920632 | Other Fees | $1,600,524 |
Service code 17 · EIN 13-2770433 | Pension Consulting | $737,015 |
COLOR HOLDINGS L.P.1 year Service code 16 · EIN 88-1898921 | Consulting | $638,639 |
STEP VISUAL COMMUNICATIONS LLC9+ years Service code 36 · EIN 26-4662241 | Copying and duplicating | $547,939 |
KPMG LLP9+ years Service code 10 · EIN 13-5565207 | Accounting | $515,856 |
MILLIMAN, INC.9+ years Service code 11 · EIN 91-0675641 | Actuarial | $466,370 |
Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $255,679 |
PROSKAUER ROSE LLP9+ years Service code 29 · EIN 13-1840454 | Legal | $208,220 |
Service code 12 · EIN 22-1467904 | Claims processing | $193,953 |
Enrolled actuary
1 attachment
MB
TIMOTHY L. CONNOR
MILLIMAN, INC.
Enrollment #2306974
ONE PENNSYLVANIA PLAZA,
38TH FLOOR
NEW YORK, NY 10119
(646) 473-3000
Signed 2024-10-07
Reportable transactions (Schedule G)
18 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 | NORTHWEST ACQUISITIONS ULC DOMINI | — | 210 SW MORRISON ST # 600 PORTLAND, OR 97204 | — |
| Part 1 Loan in default | NORTHWEST ACQUISITIONS ULC DOMINI | — | 210 SW MORRISON ST # 600 PORTLAND, OR 97204 | — |
| Part 1 Loan in default | ZHENRO PROPERTIES GROUP LTD | — | — | — |
| Part 1 Loan in default | ZHENRO PROPERTIES GROUP LTD | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | BOLIVARIAN REPUBLIC OF | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | BOLIVARIAN REPUBLIC OF | — | — | — |
| Part 1 Loan in default | BOLIVARIAN REPUBLIC OF | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA SA | — | — | — |
| Part 1 Loan in default | MIKE RIVERA | — | 120 GLENDALE DR NEW WINDSOR, NY 125537415 | — |
| Part 1 Loan in default | DIANE P PORTER SENIOR | — | 246 MAPLE ST AVE EAST HARTFORD, CT 061182731 | — |
| Part 1 Loan in default | MELODY PONTON | — | 19 MERCER DR # 600 NEWARK, DE 197131555 | — |
| Part 1 Loan in default | WILLIAM RESPASS | — | 20 HOLLAND ST 1ST FLOOR MELVILLE, NY 117471128 | — |
| Part 1 Loan in default | KEYONI HOERNING | — | 42 WILLOW ST SAYVILLE, NY 117823216 | — |
| Part 1 Loan in default | ALLAH D BEY | — | 249 255 E AVE APT 18E BRIDGEPORT, CT 066100000 | — |
| Part 1 Loan in default | DAVID J CHICAS | — | 13 STEVENS AVE JERSEY CITY, NJ 073051340 | — |
| Part 1 Loan in default | CARLA M. ANDERSON | — | 53 BRIARWOOD DR MERIDEN, CT 064504430 | — |
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
$168.5M
$1506 / participant
- Investment mgmt$99M58.6%
- Legal$208K0.1%
- Actuarial$466K0.3%
- Salaries / allowances$40M23.8%
- Other / not subdivided$29M17.2%
% of EOY assets
1.042%
all-in expense ratio
Categories reported
4 / 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
- $515,856
- Opinion code
- Unqualified