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Original filing (PDF)20251015155540NAL0002589219001
BOARD OF TRUSTEES OF 1199SEIU NBF HEALTH AND HUMAN SERVICE EMPLOYEES
Form 5500
FILING_RECEIVED
1199SEIU NATIONAL BENEFIT FUND FOR HEALTH & HUMAN SERVICE EMPLOYEES
Health & welfare plan
Signals · 4
28% in single holding~463 bps in Sched C feesNo recordkeeper disclosed276 service providers
Active participants
116,828
Accounts w/ balance
—
Plan assets (EOY)
$1.6B
Net assets (EOY)
$491.2M
How this plan invests
This plan
1 pooled trust
Schedule D
80 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
86
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Interest bearing cash JPMorgan Chase JP Morgan U.S. GOVT MONEY MARKET FUND 4.34%" is 28% of plan.
- 463 bps in Schedule C fees — 9155% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF 1199SEIU NBF HEALTH AND HUMAN SERVICE EMPLOYEES.
Plan sponsor
Name
BOARD OF TRUSTEES OF 1199SEIU NBF HEALTH AND HUMAN SERVICE EMPLOYEES
EIN
13-1628401
Address
P.O. BOX 842 · NEW YORK, NY · 10108
Phone
(646) 473-6656
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4K · Scholarship (Funded)
4L · Death Benefits (other than life insurance)
4Q · Other
Audit & trust (Schedule H)
Auditor
KPMG LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
276 rowsTPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | 06-6033492 | — | CONTRACT ADMINISTRATOR | $1.4M | — |
| AETNA LIFE INSURANCE COMPANY | 06-6033492 | — | CONTRACT ADMINISTATOR | $206K | — |
Other
274Investments
73 direct securities · 1 pooled fund· $387.1M(24% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$300.4M
73 holdings
Common Collective Trust
$86.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Interest bearing cash JPMorgan Chase JP Morgan U.S. GOVT MONEY MARKET FUND 4.34% | — | — | $107.6M | $107.6M | 6.8% | |
| MFB NORTHERN INSTL FDS GOVT SELECT THE NORTHERN TRUST COMPANY · EIN 36-6036794 / PN 001 | Common Collective Trust | — | $86.7M | $86.7M | 5.5% | |
| UNITED STATES OF AMER TREAS BILLS UNITED STATES OF AMER TREAS BILLS 1/0/1900 | — | — | $35.6M | $36.0M | 2.3% | |
| FEDERAL FARM CR BKS CONS SYSTEMWIDE BDS FANNIE MAE FLTG RT 08-21-2026 1/0/1900 | — | — | $26.6M | $26.6M | 1.7% | |
| UNITED STS TREAS BILLS UNITED STS TREAS BILLS 1/0/1900 | — | — | $22.6M | $22.8M | 1.4% | |
| FEDERAL HOME LOAN BANKS FEDERAL HOME LN BKS 1/0/1900 | — | — | $9.2M | $9.4M | 0.6% | |
| FEDERAL FARM CREDIT FEDERAL FARM CREDIT 1/0/1900 | — | — | $9.1M | $9.1M | 0.6% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES DTD 09/30/2020 .25% 09-30-2025 0.25% 9/30/2025 | — | — | $6.2M | $6.2M | 0.4% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES 3.875%04-30-2025 3.88% 4/30/2025 | — | — | $5.4M | $5.5M | 0.3% | |
| 1/0/1900 | — | — | $4.7M | $4.7M | 0.3% | |
| FEDERAL FARM CREDIT BANK FEDERAL FARM CREDIT BANK FLTG 01-02-2026 4.43% 1/2/2026 | — | — | $3.8M | $3.8M | 0.2% | |
| FANNIE MAE FEDERAL FARM CR BKS FLTG RT 06-22-2026 1/0/1900 | — | — | $3.8M | $3.8M | 0.2% | |
| FNMA FLTG RT 11-20-2026 4.51% 11/20/2026 | — | — | $3.7M | $3.7M | 0.2% | |
| FEDERAL HOME LOAN BANK FEDERAL HOME LOAN BANK FLTG RT 02-02-2026 4.46% 2/2/2026 | — | — | $3.6M | $3.6M | 0.2% | |
| US TREASURY N/B UNITED STATES TREAS NTS 2.875% TNOTE 07-31-2025 2.88% 7/31/2025 | — | — | $3.4M | $3.5M | 0.2% | |
| FEDERAL HOME LOAN BANK FEDERAL HOME LOAN BANK FLTG RT 02-19-2026 4.46% 2/19/2026 | — | — | $3.4M | $3.4M | 0.2% | |
| Government and government agency securities DISCORD INC FEDERAL FARM CR BKS FLTG RATE 1/0/1900 | — | — | $3.1M | $3.1M | 0.2% | |
| FEDERAL FARM CREDIT BANK FEDERAL FARM CREDIT BANK FLTG 10-03-2025 4.67% 10/3/2025 | — | — | $3.0M | $3.0M | 0.2% | |
| FEDERAL FARM CREDIT BANK FEDERAL FARM CREDIT BANK FLTG 10-09-2026 4.51% 10/9/2026 | — | — | $3.0M | $3.0M | 0.2% | |
| Short-term investments FEDERAL FARM CREDIT FEDERAL FARM CREDIT 1/0/1900 | — | — | $3.0M | $3.0M | 0.2% | |
| FNMA FLTG 10-23-2026 4.51% 10/23/2026 | — | — | $2.9M | $2.9M | 0.2% | |
| FEDERAL HOME LN MTG CORP FEDERAL HOME LN MTG CORP .59% 0.59% 10/8/2025 | — | — | $2.6M | $2.6M | 0.2% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES 5% NTS 09-30-2025 5.00% 9/30/2025 | — | — | $2.2M | $2.2M | 0.1% | |
| FEDERAL HOME LN BKS FEDERAL HOME LN BKS FLTG 11-14-2025 4.53% 11/14/2025 | — | — | $2.0M | $2.0M | 0.1% | |
| FEDERAL HOME LOAN MORTGAGE CORP FEDERAL HOME LOAN MORTGAGE CORP DISC NT 01-31-2025 0.00% 1/31/2025 | — | — | $1.9M | $2.0M | 0.1% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES 4.625%DUE 06-30-2025 REG 4.63% 6/30/2025 | — | — | $1.9M | $1.9M | 0.1% | |
| UNITED STATES TREAS NTS UNITED STATES TREAS NTS 4.25% 12/31/2025 | — | — | $1.9M | $1.9M | 0.1% | |
| FNMA FLTG RT 4.51% 9/11/2026 | — | — | $1.9M | $1.9M | 0.1% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES DTD 10/31/2020 .25% 10-31-2025 0.25% 10/31/2025 | — | — | $1.8M | $1.8M | 0.1% | |
| UNITED STATES TREAS NTS UNITED STS TREAS 0.375% 12-31-2025 0.38% 12/31/2025 | — | — | $1.8M | $1.8M | 0.1% | |
| FEDERAL HOME LOAN BANK FEDERAL HOME LOAN BANK .625% 12-18-2025 0.63% 12/18/2025 | — | — | $1.6M | $1.6M | 0.1% | |
| FEDERAL HOME LOAN MORTGAGE CORP FEDERAL HOME LOAN MORTGAGE CORP DTD 10/30/2024 4.46% 05-07-2026 4.48% 5/7/2026 | — | — | $1.6M | $1.6M | 0.1% | |
| FEDERAL HOME LOAN BANK FEDERAL HOME LOAN BANK FLTG RT 4.48% 4/10/2026 | — | — | $1.5M | $1.5M | <0.1% | |
| FEDERAL HOME LOAN MORTGAGE CORP FEDERAL HOME LOAN MORTGAGE CORP DTD 8/9/2024 4.45% 02-09-2026 4.47% 2/9/2026 | — | — | $1.3M | $1.3M | <0.1% | |
| FNMA .7% DUE 07-14-2025 0.70% 7/14/2025 | — | — | $1.2M | $1.3M | <0.1% | |
| FEDERAL HOME LN MTG CORP FEDERAL HOME LN MTG CORP FLTG RT 03-05-2026 4.48% 3/5/2026 | — | — | $1.3M | $1.3M | <0.1% | |
| FNMA DTD 8/25/2020 .65% 08-25-2025 0.65% 8/25/2025 | — | — | $1.2M | $1.2M | <0.1% | |
| FEDERAL HOME LN MTG CORP FEDERAL HOME LN MTG CORP FLTG 04-02-2026 4.58% 4/2/2026 | — | — | $1.2M | $1.2M | <0.1% | |
| FEDERAL FARM CREDIT BANK FANNIE MAE FLTG RT 12-11-2026 4.54% 8/14/2025 | — | — | $1.1M | $1.1M | <0.1% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES FLTG RT 01-31-2025 4.48% 1/31/2025 | — | — | $835K | $835K | <0.1% | |
| TRI-PARTY BARCLAYS BANK PLC Repo.Agmts. 4.30% (blank) | — | — | $641K | $641K | <0.1% | |
| UNITED STATES OF AMER TREAS NOTES UNITED STATES OF AMER TREAS NOTES 4.875%11-30-2025 4.88% 11/30/2025 | — | — | $633K | $633K | <0.1% | |
| TREASURY BILL Treasury Bill 4.51% (blank) | — | — | $592K | $592K | <0.1% | |
| FEDERAL HOME LN BKS FEDERAL HOME LN BKS FLTG RT 07-10-2025 4.53% 7/10/2025 | — | — | $500K | $500K | <0.1% | |
| FEDERAL HOME LN BKS FEDERAL HOME LN BKS FLTG 01-02-2026 4.61% 1/2/2026 | — | — | $445K | $445K | <0.1% | |
| TRI-PARTY SOCIETE GENERALE (NEW YO Repo.Agmts. 4.46% (blank) | — | — | $367K | $367K | <0.1% | |
| TRI-PARTY FIXED INCOME CLEARING CO Repo.Agmts. 4.49% (blank) | — | — | $272K | $272K | <0.1% | |
| FFCB Agency Bd/Note 4.46% 1/2/2025 | — | — | $182K | $182K | <0.1% | |
| FHLB Agency Bd/Note 4.39% 1/2/2025 | — | — | $136K | $136K | <0.1% | |
| TRI-PARTY BANK OF AMERICA NA Repo.Agmts. 4.46% (blank) | — | — | $136K | $136K | <0.1% | |
| TREASURY BILL Treasury Bill 4.57% (blank) | — | — | $109K | $109K | <0.1% | |
| IDLE CASH DI 0.00% | — | — | $82K | $82K | <0.1% | |
| FHLB Agency Bd/Note 4.38% 1/2/2025 | — | — | $82K | $82K | <0.1% | |
| TREASURY BILL Treasury Bill 4.54% (blank) | — | — | $67K | $67K | <0.1% | |
| FFCB Agency Bd/Note 4.51% 1/2/2025 | — | — | $60K | $60K | <0.1% | |
| FFCB Agency Bd/Note 4.55% 1/2/2025 | — | — | $54K | $54K | <0.1% | |
| TREASURY BILL Treasury Bill 4.55% (blank) | — | — | $54K | $54K | <0.1% | |
| FHLB Agency Disct Nt 4.48% (blank) | — | — | $54K | $54K | <0.1% | |
| FFCB Agency Bd/Note 4.50% 1/2/2025 | — | — | $48K | $48K | <0.1% | |
| FNMA Agency Bd/Note 4.51% 1/2/2025 | — | — | $46K | $46K | <0.1% | |
| FFCB Agency Bd/Note 4.47% 1/2/2025 | — | — | $41K | $41K | <0.1% | |
| TREASURY BILL Treasury Bill 4.36% (blank) | — | — | $41K | $41K | <0.1% | |
| FFCB Agency Bd/Note 4.48% 1/2/2025 | — | — | $27K | $27K | <0.1% | |
| FHLB Agency Disct Nt 4.48% (blank) | — | — | $27K | $27K | <0.1% | |
| TREASURY BILL Treasury Bill 4.54% (blank) | — | — | $27K | $27K | <0.1% | |
| TREASURY BILL Treasury Bill 4.56% (blank) | — | — | $27K | $27K | <0.1% | |
| FHLB Agency Disct Nt 4.41% (blank) | — | — | $27K | $27K | <0.1% | |
| Hedge funds - GROSVENOR FARIA FUND, LP 0.00% - 1 | — | — | — | $24K | <0.1% | |
| FFCB Agency Bd/Note 4.42% 1/2/2025 | — | — | $16K | $16K | <0.1% | |
| FHLB Agency Bd/Note 5.22% (blank) | — | — | $14K | $14K | <0.1% | |
| TREASURY BILL Treasury Bill 4.66% (blank) | — | — | $14K | $14K | <0.1% | |
| TREASURY BILL Treasury Bill 4.64% (blank) | — | — | $14K | $14K | <0.1% | |
| TREASURY BILL Treasury Bill 4.50% (blank) | — | — | $13K | $13K | <0.1% | |
| FFCB Agency Bd/Note 4.44% 1/2/2025 | — | — | $5K | $5K | <0.1% |