PlanOptica
Retirement plan

1199SEIU HOME CARE EMPLOYEES PENSION FUND

BOARD OF TRUSTEES OF THE 1199SEIU HOME CARE EMPLOYEES PENSION FUNDEIN 13-3943904Plan #001PY 2019
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P.O. BOX 842 - NEW YORK, NY 10108646-473-6336
Prospect flagsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(646) 473-6336
How to read this page

Summary metrics

Total assets (EOY)
$440.4M
-5.8% from 2016
Total participants
100,816
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
16.34%
-9.56 pp from 2016

Benchmarks

See 30 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2019
Participant deferral / active EE
$0
median $181
Employer contribution / active EE
$403
median $5,091
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $69,208,052
Admin fee / account holder
$0
median $454,372
Annual return
16.34%
median 15.63%
Overall peer rank
28th 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 23 by compensation
ProviderService typeCompensation
1199SEIU NATIONAL BENEFIT FUND FOR5+ years
Service code 99 · EIN 13-1628401
Other Fees
$4,000,236
KPMG LLP5+ years
Service code 10 · EIN 13-5565207
Accounting
$124,071
THE SEGAL COMPANY (EASTERN STATES)2 years
Service code 11 · EIN 13-1835864
Actuarial
$114,738
SEGAL MARCO ADVISORS3 years
Service code 51 · EIN 13-2646110
Investment Mgmt Fees
$56,825
STEP VISUAL COMMUNICATIONS LLC2 years
Service code 36 · EIN 26-4662241
Copying and duplicating
$55,997
LEVY, RATNER P.C.5+ years
Service code 29 · EIN 13-3726314
Legal
$31,937
CONSOLIDATED COLOR PRESS INC4 years
Service code 36 · EIN 13-2797841
Copying and duplicating
$30,604
THE NORTHERN TRUST COMPANY2 years
Service code 51 · EIN 36-1561860
Investment Mgmt Fees
$24,891
SEGAL ADVISORS, INC.1 year
Service code 51 · EIN 13-2646110
Investment Mgmt Fees
$17,875
INTERNATIONAL FOUNDATION OF EMPLOYE5+ years
Service code 99 · EIN 39-1034021
Other Fees
$16,238

Enrolled actuary

1 attachment
MB

SUSAN L. BOYLE, ASA, FCA, MAAA

SEGAL CONSULTING
Enrollment #2006862
333 WEST 34TH STREET
NEW YORK, NY 100012402
(212) 251-5000
Signed 2020-10-05

Plan features & details

Pension benefit codes1B
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits 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
$8.2M
$172 / participant
  • Investment mgmt$855K10.4%
  • Other / not subdivided$7M89.6%
% of EOY assets
1.864%
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