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Original filing (PDF)20251011195503NAL0004867779001
BOARD OF TRUSTEES, SANTA MONICA UNITE HERE HEALTH
Form 5500
FILING_RECEIVED
SANTA MONICA UNITE HERE HEALTH BENEFIT PLAN
Health & welfare plan
Signals · 4
26% in single holding~229 bps in Sched C feesNo recordkeeper disclosed13 service providers
Active participants
18,507
Accounts w/ balance
—
Plan assets (EOY)
$212.4M
Net assets (EOY)
$175.9M
How this plan invests
This plan
11 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
87
/ 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
87
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Metropolitan West Total Return Bond I Fund" is 26% of plan.
- 229 bps in Schedule C fees — 2192% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, SANTA MONICA UNITE HERE HEALTH.
Plan sponsor
Name
BOARD OF TRUSTEES, SANTA MONICA UNITE HERE HEALTH
DBA
BENEFIT PLAN
EIN
95-6035138
Address
1200 WILSHIRE BLVD FL 5 · LOS ANGELES, CA · 90017
Phone
(562) 463-5000
Industry
Accommodation & Food Servicessee 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
2025-10-11
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4Q · Other
Audit & trust (Schedule H)
Auditor
MILLER KAPLAN ARASE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
13 rowsOther
13| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BENEFIT PROGRAMS ADMINISTRATION | 95-2074235 | — | NONE | $2.1M | — |
| UNITE HERE LOCAL 11 BENEFITS ADMIN | 88-1471130 | — | RELATED ORG | $1.2M | — |
| DESIGN BENEFITS | — | SAN BERNARDINO, CA | NONE | $546K | — |
| EXPRESS SCRIPTS, INC. | 43-1420563 | — | NONE | $402K | — |
| COMMON GOOD TECHNOLOGIES CONSULTING | — | ROSLINDALE, MA | NONE | $167K | — |
| US BANK NATIONAL ASSOCIATION | 31-0841368 | — | NONE | $100K | — |
| RAEL & LETSON | 94-1701048 | — | NONE | $88K | — |
| WEINBERG, ROGER & ROSENFELD | 94-2458080 | — | NONE | $77K | — |
| HENNINGFIELD & ASSOCIATES, INC. | 54-2189926 | — | NONE | $64K | — |
| FIRST HEALTH | 99-7675469 | — | NONE | $55K | — |
| INTERCONTINENTAL REAL ESTATE CORP. | — | BOSTON, MA | NONE | $34K | — |
| PENSION FUND EVALUATIONS, INC. | 11-2503982 | — | NONE | $18K | — |
| MILLER KAPLAN ARASE LLP | 95-2036255 | — | NONE | $17K | — |
Investments
11 direct securities· $180.5M(85% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Metropolitan West Total Return Bond I Fund | — | — | $43.6M | $46.8M | 22.0% | |
| Lord Abbett Short Duration Income F Fund Lord Abbett Short Duration Income I Fund | — | — | $26.0M | $26.6M | 12.5% | |
| Vanguard 500 Index Admiral Fund | — | — | $39.8M | $25.0M | 11.8% | |
| PIMCO High Yield Institutional Fund | — | — | $17.8M | $17.9M | 8.4% | |
| Janus Henderson Flexible Bond Fund | — | — | $16.8M | $17.7M | 8.3% | |
| Alliance Bernstein Global Bond Fund | — | — | $12.3M | $12.9M | 6.1% | |
| No. of Shares Mutual Funds 242,430 Federated Hermes International Leaders Institutional Fund | — | — | $8.5M | $8.8M | 4.2% | |
| E.I.N. 95-6035138; PLAN NO. 501 DECEMBER 31, 2024 Face Fair Value Money Market Fund Value Cost $ First American Treasury Obligation Fund | — | — | $8.5M | $8.5M | 4.0% | |
| Allspring Discovery Fund | — | — | $7.9M | $8.0M | 3.8% | |
| Voya Small Company I Fund | — | — | $4.9M | $4.8M | 2.3% | |
| Limited Liability Company 2,886 U.S. Real Estate Investment Fund LLC | — | — | $3.4M | $3.4M | 1.6% |