Retirement plan

SEIU AFFILIATES' OFFICERS AND EMPLOYEES SUPPLEMENTAL RETIREMENT SAVINGS 401(K) PLAN

Name: SERVICE EMPLOYEES INTERNATIONAL UNION - SEIU AFFILIATES' OFFICERS AND EMPLOYEES SUPPLEMENTAL RETIREMENT SAVINGS 401(K) PLAN (2023) Form 5500
Creator: SERVICE EMPLOYEES INTERNATIONAL UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEIU AFFILIATES' OFFICERS AND EMPLOYEES SUPPLEMENTAL RETIREMENT SAVINGS 401(K) PLAN, SERVICE EMPLOYEES INTERNATIONAL UNION

SERVICE EMPLOYEES INTERNATIONAL UNIONEIN 36-0852885Plan #335PY 2023

1800 MASSACHUSETTS AVE., NW, #301 - WASHINGTON, DC 200361216202-730-7511

Other plans on this EIN

2 filings

#001Retirement-$339.4M assets #002Retirement-$50.3M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$92.7M

-9.0% from 2016

Total participants

1,682

-4.2% from 2016

Average account balance

$55,135

-5.0% from 2016

Annual return

17.63%

-6.84 pp from 2016

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$108.33M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$62K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,759

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$258

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 13 · EIN 06-1050034	Contract Administrator	$303,224
SEIU NATIONAL INDUSTRY PENSION PLAN9+ years Filed as: SEIU NATIONAL INDUSTRY PENSION FUND Service code 13 · EIN 52-0812348	Contract Administrator	$61,237
SEIU NATIONAL INDUSTRY PENSION PLAN1 year Filed as: SEIU AFFILIATES OFFICERS AND Service code 13 · EIN 52-0812348	Contract Administrator	$28,401
CALIBRE CPA GROUP PLLC5 years Filed as: CALIBRE CPA GROUP Service code 10 · EIN 47-0900880	Accounting	$12,000
MARQUETTE ASSOCIATES9+ years Filed as: MARQUETTE ASSOCIATES INC Service code 27 · EIN 36-3485298	Advisory (Plan)	$10,000
MOONEY, GREEN, SAINDON, MURPHY & WE9+ years Filed as: MOONEY, GREEN, BAKER & SAIDON PC Service code 29 · EIN 52-1958229	Legal	$8,216

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$396K

$317 / participant

Investment mgmt$313K79.1%
Legal$8K2.1%
Contract admin$60K15.3%
Other / not subdivided$14K3.5%

% of EOY assets

0.427%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,135

$52,960+4.1%

$86,681-36.4%

$80,187-31.2%

Participation rate

100.0%

62.4%+37.6pp

71.7%+28.3pp

72.9%+27.1pp

Annual return

17.63%

24.84%-7.2pp

593.32%-575.7pp

40.40%-22.8pp

Employer contribution / active EE

$2,033

$2,138-4.9%

$3,026-32.8%

$2,980-31.8%

Participant deferral / active EE

$6,185

$3,226+91.7%

$4,440+39.3%

$5,016+23.3%

Admin fee / account holder

$235

$113+107.9%

$5,620-95.8%

$145+62.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$303,224

SEIU NATIONAL INDUSTRY PENSION PLAN9+ years

Filed as: SEIU NATIONAL INDUSTRY PENSION FUND

Service code 13 · EIN 52-0812348

Contract Administrator

$61,237

SEIU NATIONAL INDUSTRY PENSION PLAN1 year

Filed as: SEIU AFFILIATES OFFICERS AND

Service code 13 · EIN 52-0812348

Contract Administrator

$28,401

CALIBRE CPA GROUP PLLC5 years

Filed as: CALIBRE CPA GROUP

Service code 10 · EIN 47-0900880

Accounting

$12,000

MARQUETTE ASSOCIATES9+ years

Filed as: MARQUETTE ASSOCIATES INC

Service code 27 · EIN 36-3485298

Advisory (Plan)

$10,000

MOONEY, GREEN, SAINDON, MURPHY & WE9+ years

Filed as: MOONEY, GREEN, BAKER & SAIDON PC

Service code 29 · EIN 52-1958229

Legal

$8,216

SEIU AFFILIATES' OFFICERS AND EMPLOYEES SUPPLEMENTAL RETIREMENT SAVINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEIU AFFILIATES' OFFICERS AND EMPLOYEES SUPPLEMENTAL RETIREMENT SAVINGS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion