2024-05-15T16:04:55-05:00 2023-06-30 BDO USA 3570 Carmel Mountain Rd 400 San Diego CA 92130 990 2022-07-01 680049924 Self-Insurers' Security Fund % ADRIANA MERTINAK SELF 9256271303 555 12TH STREET SUITE 680 OAKLAND CA 94607 William Lyons CHAIRPERSON 5108796035 2024-05-15 true William Lyons XXX-XX-XXXX Marc R Berger CPA P01871563 8584049200 2024-05-13 2 2022 2023-04-26 12:10:37Z William Lyons 555 12TH STREET SUITE 680 OAKLAND CA 94607 133960539 false X WWW.SECURITYFUND.ORG X 1984 CA SEE SCHEDULE O 6 6 5 8 -340339 0 0 0 16892598 10860940 41821318 19287121 0 0 58713916 30148061 0 0 0 0 774181 790569 0 0 0 6548435 4684241 7322616 5474810 51391300 24673251 692448736 746398766 65147681 54939039 627301055 691459727 TO PROVIDE CONTINUITY OF WORKERS' COMPENSATION BENEFITS TO INJURED WORKERS OF INSOLVENT, PRIVATE SELF-INSURED COMPANIES AT THE LOWEST OVERALL LONG-TERM COST, EQUITABLY DISTRIBUTED TO THE SELF-INSURANCE COMMUNITY. false false ALTERNATIVE SECURITY PROGRAM ASSESSMENTS - SELF-INSURED CORPORATIONS MEETING CERTAIN MINIMUM CREDIT QUALITY STANDARDS ARE ASSESSED ANNUAL FEES FOR PARTICIPATION IN THE ASP PROGRAM IN LIEU OF POSTING A SECURITY DEPOSIT. THE ASP PROGRAM PROVIDES PROTECTION TO SELF-INSURED EMPLOYERS IN THE CASE OF ANY FUTURE DEFAULTS. SISF USES THE ASSESSMENTS TO PROVIDE FUNDS FOR ANY FUTURE DEFAULTS AND TO PURCHASE CATASTROPHE COVERAGE/HEDGE INSTRUMENTS FOR CERTAIN LOSS EXPOSURES ASSOCIATED WITH THE PROGRAM. SECURITY DEPOSITS AND RECOVERIES - SISF RECEIVES REVENUE FROM SURETY BONDS AND DEPOSITS WHEN THE ORGANIZATION ASSUMES, AS STIPULATED IN THE LABOR CODE, THE RESPONSIBILITY TO ADMINISTER THE FUNDS NECESSARY TO PAY WORKERS' COMPENSATION OBLIGATIONS AGAINST AN INSOLVENT SELF-INSURER. false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 310 0 true 5 true true true false false false false false false false X 6 6 false false false false true true false true true false false false true true true true true true true false CA X X ADRIANA MERTINAK 5108796035 555 12TH STREET STE 680 OAKLAND CA 94607 GRANT HEINITZ RISK MANAGER 40.0 0.0 X 185610 0 0 ADRIANA MERTINAK CONTROLLER 40.0 0.0 X 166036 0 0 JILL DULICH CLAIMS AND OPS. MANAGER 32.0 0.0 X 138596 0 0 WILLIAM LYONS CHAIRPERSON 1.0 0.0 X X 2300 0 0 JOHN SMOLK TREASURER 1.0 0.0 X X 1200 0 0 TIM EAST TRUSTEE 0.0 0.0 X 0 0 0 LYN ASIO BOOZ DIRECTOR/DELEGATE 0.0 0.0 X 0 0 0 TONI ALLEN TRUSTEE 0.0 0.0 X 0 0 0 STEVE TOLAN TRUSTEE 0.0 0.0 X 0 0 0 493742 0 0 3 false true false MARSH USA INC 1166 AVENUE OF THE AMERICAS NEW YORK NY 10036 CONSULTING 1280606 NIXON PEABODY LLP 1100 CLINTON SQUARE ROCHESTER NY 14604 LEGAL 1036180 CHARLES TAYLOR TPA 64 DANBURY ROAD WILTON CT 06897 TPA 649036 TRISTAR RISK MANAGEMENT 100 OCEANGATE SUITE 700 LONG BEACH CA 90802 TPA 537205 BDO ONE BUSH STREET SUITE 1800 SAN FRANCISCO CA 94104 AUDIT AND TAX 125595 5 0 ALTERNATIVE SECURITY PROGRAM 900099 9041390 9041390 SECURITY DEPOSITS / RECOVERIES 900099 1819550 1819550 10860940 9416545 -340339 9756884 0 0 0 0 0 113683054 103812478 9870576 9870576 9870576 0 0 0 0 0 0 0 0 0 0 30148061 10860940 -340339 19627460 0 0 0 0 364437 0 268577 0 111295 46260 0 604779 127844 0 0 1058156 328671 0 100634 214876 0 269845 339 0 84622 0 0 10005 184590 CLAIMS PAID 4801517 ALTERNATIVE SECURITY PROGRAMS 5326982 CHANGE IN CLAIMS LIABILITY -9561573 CLAIMS ADMINISTRATION 1088991 43963 5474810 X 20137816 13995074 0 0 0 0 304242 287218 0 0 0 0 0 0 0 0 740084 1918053 335855 313610 32250 22245 280912220 296518459 364733569 410440878 0 0 0 0 25588555 23216839 692448736 746398766 368920 1628227 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64778761 53310812 65147681 54939039 X 627301055 691459727 0 0 627301055 691459727 692448736 746398766 24673251 39485421 X false true X true false 45838 45838 0 229538 207372 22166 60479 60400 79 22245 FED/STATE GOVT. SECURITIES 77097448 F CORPORATE SECURITIES 45476079 F HEDGE FUNDS 133203195 F REAL ASSETS 64651800 F GLOBAL BONDS 45173468 F PRIVATE EQUITY 44838888 F 410440878 0 EST. FUTURE LIAB. FOR CLAIMS 43985485 EST. FUTURE LIAB. FOR ADMIN CO 9325327 DEFERRED RENT 0 53310812 68575326 39485421 39485421 29089905 1058156 1058156 30148061 4416654 4416654 1058156 1058156 5474810 X X false false false ADRIANA MERTINAK CONTROLLER 166036 0 0 0 0 0 0 0 0 0 166036 0 0 0 GRANT HEINITZ RISK MANAGER 185610 0 0 0 0 0 0 0 0 0 185610 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO PROVIDE CONTINUITY OF WORKERS' COMPENSATION BENEFITS TO INJURED WORKERS OF INSOLVENT, PRIVATE SELF-INSURED COMPANIES AT THE LOWEST OVERALL LONG-TERM COST, EQUITABLY DISTRIBUTED TO THE SELF-INSURANCE COMMUNITY. FORM 990, PART VI, SECTION A, LINE 6: ALL PRIVATE SELF-INSURERS, AS DEFINED BY THE LABOR CODE, ARE MEMBERS OF THE FUND AS A CONDITION OF THEIR AUTHORITY TO INDIVIDUALLY SELF-INSURE THEIR WORKERS' COMPENSATION LIABILITIES IN THE STATE OF CALIFORNIA. THERE ARE NO SEPARATE CLASSES OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A: MEMBERS MAY NOMINATE QUALIFIED INDIVIDUALS FOR ELECTION TO THE BOARD OF TRUSTEES, VOTE IN CONNECTION WITH SAID ELECTIONS, AND PARTICIPATE IN MEMBER MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B: THE CHAIR REVIEWS THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: (A)THE EXECUTIVE DIRECTOR HAS TO FOLLOW THE EXECUTIVE LIMITATIONS AND THE EMPLOYMENT HANDBOOK HAS A SECTION ENTITLED "CONFLICT OF INTEREST". (B) THE EXECUTIVE DIRECTOR REQUIRES SERVICE PROVIDERS TO AFFIRM IN WRITING THAT THERE ARE NO CONFLICTS ANNUALLY. (C) FROM TIME TO TIME, THE FUND REQUIRES THAT TRUSTEES AND COMMITTEE MEMBERS CONFIRM THE ABSENCE OF ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF TRUSTEES WORKS WITH INDEPENDENT ADVISORS AND CONSULTANTS TO DETERMINE THE APPROPRIATE LEVELS OF COMPENSATION AND EMPLOYEE BENEFITS FOR ITS MANAGEMENT AND ADMINISTRATIVE EMPLOYEES. THESE CONSULTANTS CONSIST OF INDIVIDUALS, INCLUDING ATTORNEYS AND PERSONNEL CONSULTING FIRMS THAT HAVE EXPERTISE IN LABOR LAW, RECRUITMENT, AND STUDIES REGARDING RECRUITMENT, STAFFING, SALARY AND BENEFITS FOR COMPARATIVE ORGANIZATIONS. WRITTEN FINDINGS AND RECOMMENDATIONS, AS WELL AS ORAL PRESENTATIONS BY SUCH CONSULTANTS, ARE DEEMED CONFIDENTIAL AND ARE USED EXCLUSIVELY BY THE BOARD AS IT SEES FIT. FORM 990, PART VI, SECTION C, LINE 19: THE FUND POSTS ITS ANNUAL FINANCIAL REPORT AND INDEPENDENT AUDIT ON ITS WEBSITE. THE FUND'S BYLAWS ARE AVAILABLE TO MEMBERS UPON REQUEST.