Plan Snapshot
- Plan Sponsor: Board Of Trustees Of 1199seiu Natl Benefit Fnd For Home Care Employee
- Sponsor EIN: 134129368
- Sponsor Address: P.O. BOX 842, NEW YORK, NY, 10108
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 12,975
- Total Assets: $118.6M
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 | 12,975 | $118.6M | $122.9M | $0 |
| 2023 | 18,013 | $145.9M | $136.0M | $0 |
| 2022 | 19,931 | $152.7M | $138.4M | $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 | $11,236,420 | — | $11,236,420 |
| EVERNORTH BEHAVIORAL HEALTH, INC. | Other Service Provider | $465,796 | — | $465,796 |
| MILLIMAN, INC. | Recordkeeper | $359,532 | — | $359,532 |
| MEDCO HEALTH SOLUTIONS,INC.(ADMIN O | Other Service Provider | $319,631 | — | $319,631 |
| WORKERS BENEFIT CONSORTIUM INC | Other Service Provider | $272,660 | — | $272,660 |
| 3BF PARTNERS LLC | Other Service Provider | $271,464 | — | $271,464 |
| STEP VISUAL COMMUNICATIONS LLC | Other Service Provider | $239,679 | — | $239,679 |
| KPMG LLP | Auditor | $231,230 | — | $231,230 |
| CVS PHARMACY, INC (ADMIN ONLY) | Other Service Provider | $169,943 | — | $169,943 |
| ZELIS PAYMENTS HOLDINGS, LLC | Other Service Provider | $147,059 | — | $147,059 |
| CHANGE HEALTHCARE OPERATIONS, LLC | Other Service Provider | $91,584 | — | $91,584 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $88,461 | — | $88,461 |
| INOVALON PROVIDER, INC | Other Service Provider | $87,168 | — | $87,168 |
| CHANGE HEALTHCARE LLC | Other Service Provider | $71,525 | — | $71,525 |
| RALPH S. BERGER, ESQ | Other Service Provider | $32,300 | — | $32,300 |
| HEALTHEQUITY, INC. | Other Service Provider | $31,741 | — | $31,741 |
| MED REVIEW INC | Other Service Provider | $27,816 | — | $27,816 |
| CQFLUENCY | Other Service Provider | $17,973 | — | $17,973 |
| PROSKAUER ROSE LLP | Other Service Provider | $16,708 | — | $16,708 |
| OPTUM360 LLC | Other Service Provider | $9,439 | — | $9,439 |
| FIRST DATA CORP | Other Service Provider | $6,036 | — | $6,036 |
| CHIA JUNG CHANG | Other Service Provider | $5,652 | — | $5,652 |
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: $14,199,817
- Estimated Expense Ratio: 11.978% 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 | $8,796,732 | $34,543 | — | $231,230 | — |
| 2023 | $13,325,786 | $44,815 | — | $163,224 | — |
| 2022 | $13,446,366 | $48,090 | — | — | $850,549 |