Plan Snapshot
- Plan Sponsor: Seiu Health And Welfare Fund Welfare Fund
- Sponsor EIN: 520904354
- Sponsor Address: 1800 MASSACHUSETTS AVE., NW,, WASHINGTON, DC, 20036
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,110
- Total Assets: $46.5M
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 | 5,110 | $46.5M | $59.4M | $280,009 |
| 2023 | 4,913 | $39.6M | $50.9M | $219,531 |
| 2022 | 5,107 | $42.2M | $50.9M | $293,445 |
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 |
|---|---|---|---|---|
| SEIU NATIONAL INDUSTRY PENSION FUND | Recordkeeper | $1,492,707 | — | $1,492,707 |
| UMR, INC. | Other Service Provider | $550,239 | $36,551 | $586,790 |
| GROUP HOSP MED SERV (CAREFIRST) | Other Service Provider | $563,292 | — | $563,292 |
| THE SEGAL COMPANY | Other Service Provider | $295,535 | — | $295,535 |
| CIGNA HEALTH AND LIFE INSURANCE | Recordkeeper | $220,030 | — | $220,030 |
| DELTA DENTAL | Other Service Provider | $162,404 | — | $162,404 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $69,232 | — | $69,232 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $69,201 | — | $69,201 |
| MOONEY, GREEN, BAKER & SAINDON LLP | Other Service Provider | $55,822 | — | $55,822 |
| CVS CAREMARK | Other Service Provider | $40,937 | — | $40,937 |
| GARCIA HAMILTON & ASSOCIATES | Other Service Provider | $31,989 | — | $31,989 |
| CALIBRE CPA GROUP PLLC | Auditor | $31,000 | — | $31,000 |
| MARQUETTE ADVISORS | Other Service Provider | $20,000 | — | $20,000 |
| WITHUMSMITH+BROWN, PC | Auditor | $17,221 | — | $17,221 |
| JONAS GUDJONSSON | Other Service Provider | $13,240 | — | $13,240 |
| AMALGAMATED BANK | Other Service Provider | $12,433 | — | $12,433 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEIU NATIONAL INDUSTRY PENSION FUND — Recordkeeper
- SCHULTHEIS & PANETTIERI, LLP — Auditor
- CALIBRE CPA GROUP PLLC — Auditor
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,681,833
- Estimated Expense Ratio: 7.925% 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 | $3,705,420 | $84,038 | $2,528,459 | $31,000 | — |
| 2023 | $4,135,670 | $79,333 | $2,847,771 | $31,000 | — |
| 2022 | $3,842,515 | $72,947 | $1,764,398 | — | $563,755 |