Plan Ledger DOL Form 5500 · updated monthly

1199SEIU National Benefit Fund for Health and Human Service Employees401(k)

1199SEIU NATIONAL BENEFIT FUND AND AFFILIATED ORGANIZATIONS 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

1199SEIU National Benefit Fund for Health and Human Service Employees reported $165,003 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $32 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 709th-largest of 5,648 plans among New York employers on file, and the 907th of 4,798 in finance & insurance. In 2024, employees put in $136.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$114,659,774
Participants with balances1,204
Active participants1,521
Employer contributions$49,163
Employee contributions$6,698,796
Employer contribution per active participant$32
Average account balance$95,232
Benefits paid to participants$7,785,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$114.7M · 1,204 accts · $49K emplr
2023$100.6M · 1,190 accts
2022$86.5M · 1,199 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$165,003
Total administrative$165,003
The 1199SEIU National Benefit Fund for Health and Human Service Employees 401(k) match · 2024
Employer contribution per active participant$32
Median for plans this size$3,635

1199SEIU National Benefit Fund for Health and Human Service Employees's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$165,002
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$165,003 · 0.15%
2023$148,432 · 0.16%
2022$147,649 · 0.16%
Same employer
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Ambac Financial Group NY$115.3M · 0.07%
Lexington Partners L.P. NY$111.9M · 0.14%
Jencap Group NY$110.9M · 0.09%
Fmc Group Holdings LP NY$110.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131628401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.