Plan Snapshot
- Plan Sponsor: Board Of Trustees Of 1199seiu Health Care Employees Pension Fund
- Sponsor EIN: 133604862
- Sponsor Address: P.O. BOX 842, NEW YORK, NY, 10108
- Plan Type: DB
- Total Participants: 115,036
- Total Assets: $16.9B
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 | 115,036 | $16.9B | $937.3M | $0 |
| 2023 | 111,833 | $16.2B | $851.4M | $0 |
| 2022 | 107,582 | $15.2B | $800.0M | $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 | $70,015,298 | — | $70,015,298 |
| ACADIAN ASSET MANAGEMENT, LLC | Other Service Provider | — | $7,501,887 | $7,501,887 |
| CORBIN CAPITAL PARTNERS, LP | Other Service Provider | — | $5,901,101 | $5,901,101 |
| TOWNSEND GROUP, THE | Other Service Provider | — | $4,028,505 | $4,028,505 |
| HAMILTON LANE ADVISORS LLC | Other Service Provider | — | $3,804,531 | $3,804,531 |
| ROBECO BOSTON PARTNERS | Other Service Provider | — | $3,389,219 | $3,389,219 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | — | $2,079,878 | $2,079,878 |
| ARTISAN PARTNERS INTERNATIONAL | Other Service Provider | — | $2,042,581 | $2,042,581 |
| WASATCH | Other Service Provider | — | $2,028,028 | $2,028,028 |
| HARDING LOEVNER LP | Investment Advisor | — | $1,604,917 | $1,604,917 |
| 3BF PARTNERS LLC | Other Service Provider | $1,600,524 | — | $1,600,524 |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Other Service Provider | — | $1,588,112 | $1,588,112 |
| DDJ CAPITAL MANAGEMENT, LLC | Other Service Provider | — | $1,507,279 | $1,507,279 |
| TCW INVESTMENT MANAGEMENT COMPANY | Other Service Provider | — | $1,435,829 | $1,435,829 |
| BOSTON PARTNERS | Other Service Provider | — | $1,414,794 | $1,414,794 |
| ABERDEEN ASSET MANAGEMENT | Other Service Provider | — | $1,385,073 | $1,385,073 |
| BARON CAPITAL MANAGEMENT, INC. | Other Service Provider | — | $1,028,026 | $1,028,026 |
| DODGE & COX | Other Service Provider | — | $938,183 | $938,183 |
| KAR SMALL CAP VALUE | Other Service Provider | — | $903,508 | $903,508 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | — | $870,000 | $870,000 |
| WILLIAM BLAIR & COMPANY | Other Service Provider | — | $706,113 | $706,113 |
| COLOR HOLDINGS L.P. | Other Service Provider | $651,814 | — | $651,814 |
| KPMG LLP | Auditor | $607,328 | — | $607,328 |
| ROTHSCHILD ASSET MANAGEMENT INC. | Other Service Provider | — | $598,709 | $598,709 |
| LSV ASSET MANAGEMENT | Other Service Provider | — | $596,859 | $596,859 |
| ALGER | Other Service Provider | — | $567,576 | $567,576 |
| STEP VISUAL COMMUNICATIONS LLC | Other Service Provider | $553,043 | — | $553,043 |
| LORD, ABBETT & CO. LLC | Other Service Provider | — | $402,548 | $402,548 |
| MILLIMAN, INC. | Recordkeeper | $392,350 | — | $392,350 |
| FINUCANE & REDA PRINTING CORPORATIO | Other Service Provider | $348,638 | — | $348,638 |
| CLIFTON | Other Service Provider | — | $346,340 | $346,340 |
| PRUDENTIAL INSURANCE COMPANY OF AME | Recordkeeper | $222,227 | — | $222,227 |
| AUTOMATIC DATA PROCESSING, INC. | Other Service Provider | $173,572 | — | $173,572 |
| STATE STREET GLOBAL ADVISORS (SSGA) | Other Service Provider | — | $168,341 | $168,341 |
| PROSKAUER ROSE LLP | ERISA Attorney | $160,868 | — | $160,868 |
| PENSION BENEFIT INFORMATION, LLC | Other Service Provider | $94,954 | — | $94,954 |
| CHANGE HEALTHCARE OPERATIONS, LLC | Other Service Provider | $80,502 | — | $80,502 |
| UPTODATE, INC | Other Service Provider | $30,213 | — | $30,213 |
| OPTUM360 LLC | Other Service Provider | $16,145 | — | $16,145 |
| STRATEGIC ECONOMICS DECISIONS INC | Other Service Provider | $6,250 | — | $6,250 |
| INTERNALTIONAL FOUNDATION OF EMPLOY | Other Service Provider | $6,150 | — | $6,150 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HARDING LOEVNER LP — Investment Advisor
- KPMG LLP — Auditor
- MILLIMAN, INC. — Recordkeeper
- PRUDENTIAL INSURANCE COMPANY OF AME — Recordkeeper
- PROSKAUER ROSE LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,797,813
- Estimated Expense Ratio: 0.720% 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 | $158,113,715 | $76,761,664 | — | $607,328 | — |
| 2023 | $168,470,525 | $98,693,277 | — | $515,856 | — |
| 2022 | $292,610,779 | $223,399,574 | — | — | $2,069,973 |