Plan Snapshot
- Plan Sponsor: Board Of Trustees Of 1199seiu Greater New York Benefit Fund
- Sponsor EIN: 136125570
- Sponsor Address: P.O. BOX 842, NEW YORK, NY, 10108
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 17,005
- Total Assets: $325.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 17,005 | $325.0M | $222.3M | $0 |
| 2023 | 16,159 | $212.8M | $205.3M | $0 |
| 2022 | 16,526 | $115.0M | $209.4M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| 1199SEIU NATIONAL BENEFIT FUND FOR | Other Service Provider | $14,583,394 | — | $14,583,394 |
| EVERNORTH BEHAVIORAL HEALTH, INC. | Other Service Provider | $485,290 | — | $485,290 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $432,727 | — | $432,727 |
| MEDCO HEALTH SOLUTIONS, INC. | Other Service Provider | $389,873 | — | $389,873 |
| 3BF PARTNERS LLC | Other Service Provider | $371,491 | — | $371,491 |
| MILLIMAN, INC. | Recordkeeper | $350,157 | — | $350,157 |
| KPMG LLP | Auditor | $301,079 | — | $301,079 |
| D.D. SERVICES INC | Other Service Provider | $213,786 | — | $213,786 |
| CVS PHARMACY, INC | Other Service Provider | $209,062 | — | $209,062 |
| ZELIS PAYMENTS HOLDINGS, LLC | Other Service Provider | $159,085 | — | $159,085 |
| INOVALON PROVIDER, INC | Other Service Provider | $87,168 | — | $87,168 |
| EMBLEM HEALTH SERVICES | Other Service Provider | $71,771 | — | $71,771 |
| STEP VISUAL COMMUNICATIONS LLC | Other Service Provider | $71,103 | — | $71,103 |
| CHANGE HEALTHCARE OPERATIONS, LLC | Other Service Provider | $65,923 | — | $65,923 |
| CHANGE HEALTHCARE LLC | Other Service Provider | $61,809 | — | $61,809 |
| MARTIN F.SCHEINMAN, ESQ | Other Service Provider | $48,000 | — | $48,000 |
| MED REVIEW INC | Other Service Provider | $30,378 | — | $30,378 |
| HEALTH MANAGEMENT SYSTEMS, INC. | Other Service Provider | $22,130 | — | $22,130 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,954,226
- Estimated Expense Ratio: 5.525% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,199,538 | $12,546 | — | $301,079 | — |
| 2023 | $15,944,299 | $35,447 | — | $142,214 | — |
| 2022 | $15,832,454 | $4,505 | — | — | $1,061,591 |