Retirement plan
1199SEIU HOME CARE EMPLOYEES PENSION FUND
BOARD OF TRUSTEES OF THE 1199SEIU HOME CARE EMPLOYEES PENSION FUNDEIN 13-3943904Plan #001PY 2024
P.O. BOX 842 - NEW YORK, NY 10108646-473-6656
Prospect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$569.2M
-5.8% from 2016
Total participants
98,110
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
5.20%
-9.56 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort185 peers
Snapshot2024
0
Participant deferral / active EE
$0
median $11
4
Employer contribution / active EE
$541
median $6,224
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
44
Annual return
5.20%
median 6.42%
Overall peer rank
24of 100
24th 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
| Provider | Service type | Compensation |
|---|---|---|
Service code 99 · EIN 13-1628401 | Other Fees | $4,729,494 |
KPMG LLP10+ years Service code 10 · EIN 13-5565207 | Accounting | $161,647 |
3BF PARTNERS LLC5 years Service code 99 · EIN 37-1920632 | Other Fees | $130,080 |
Service code 16 · EIN 06-0839113 | Consulting | $113,270 |
Service code 36 · EIN 26-4662241 | Copying and duplicating | $97,818 |
Service code 12 · EIN 22-1467904 | Claims processing | $82,197 |
Service code 16 · EIN 82-2042737 | Consulting | $41,918 |
Service code 12 · EIN 20-5731067 | Claims processing | $23,000 |
Service code 51 · EIN 22-1211670 | Investment Mgmt Fees | $12,045 |
ALGER3 years Service code 52 · EIN 81-3115007 | Indirect Investment Fees | $0 |
Enrolled actuary
1 attachment
MB
AIDA DOMLIJA, FSA, EA, MAAA
SEGAL
Enrollment #2306955
66 HUDSON BLVD E, 20TH FLOOR
NEW YORK CITY, NY 100012192
(212) 251-5000
Signed 2025-10-06
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
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- 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
$8.3M
$265 / participant
- Trustee / custodial$9170.0%
- Investment mgmt$2M22.5%
- Salaries / allowances$1M17.7%
- Other / not subdivided$5M59.7%
% of EOY assets
1.460%
all-in expense ratio
Categories reported
3 / 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
- $161,647
- Opinion code
- Unqualified