Retirement plan
1199SEIU HOME CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF THE 1199SEIU HOME CARE EMPLOYEES PENSION FUNDEIN 13-3943904Plan #001PY 2016
P.O. BOX 842 - NEW YORK, NY 10108646-473-6365
Prospect flagsLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
DONNA REY
Signed 10/14/2017
Summary metrics
Total assets (EOY)
$351M
-5.8% from 2016
Total participants
93,854
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
5.24%
-9.56 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort33 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $149
0
Employer contribution / active EE
$508
median $6,053
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
41
Annual return
5.24%
median 5.65%
Overall peer rank
20of 100
20th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$569.19M
Average account balance
Total assets / participants with a balance (line 6g)
$6K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
66,721
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
$16.98M
Contributions per participant
Average employer and participant contribution per enrolled participant
$541
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.20%
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 25 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 99 · EIN 13-1628401 | Other Fees | $3,204,554 |
THE SEGAL COMPANY2+ years Service code 11 · EIN 13-1835864 | Actuarial | $143,214 |
DIMENSIONAL FUND ADVISOR2+ years Service code 51 · EIN 30-0447847 | Investment Mgmt Fees | $112,265 |
LSV ASSET MANAGEMENT2+ years Service code 51 · EIN 23-2772200 | Investment Mgmt Fees | $106,164 |
KPMG LLP2+ years Service code 10 · EIN 13-5565207 | Accounting | $96,774 |
MARCO CONSULTING GROUP, INC.2+ years Service code 20 · EIN 36-3555078 | Trustee (individual) | $71,500 |
WESTERN ASSET MANAGEMENT COMPANY2+ years Service code 51 · EIN 95-2705767 | Investment Mgmt Fees | $62,090 |
STEP VISUAL COMMUNICATIONS LLP2+ years Service code 36 · EIN 26-4662241 | Copying and duplicating | $59,452 |
TCW INVESTMENT2+ years Service code 51 · EIN 93-0939400 | Investment Mgmt Fees | $57,624 |
THE TOWNSEND GROUP2+ years Service code 51 · EIN 34-1537656 | Investment Mgmt Fees | $52,360 |
Enrolled actuary
1 attachment
MB
SUSAN L. BOYLE, ASA, FCA, MAAA
SEGAL CONSULTING
Enrollment #1706862
333 WEST 34TH STREET
NEW YORK, NY 100012402
(212) 251-5000
Signed 2016-07-17
Plan features & details
Pension benefit codes1B
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
Opportunity flags
1 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$7.0M
$159 / participant
- Investment mgmt$731K10.4%
- Other / not subdivided$6M89.6%
% of EOY assets
2.008%
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