2026-05-15T14:52:26+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 680049924 SELF-INSURERS' SECURITY FUND SELF 9256271303 555 12TH STREET SUITE 680 OAKLAND CA 94607 WILLIAM LYONS CHAIRPERSON 2026-05-15 true TODD TERESCO P00247720 7038930600 2026-05-15 2024 2025-03-06 01:10:19Z WILLIAM LYONS 555 12TH STREET SUITE 680 OAKLAND CA 94607 407051257 false X WWW.SECURITYFUND.ORG X 1984 CA 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. 8 8 5 8 -584404 0 0 0 50664305 4010879 25948734 76648699 0 0 76613039 80659578 0 0 0 0 900760 935956 0 0 0 53335651 53875195 54236411 54811151 22376628 25848427 855452206 905651511 94129588 117971074 761322618 787680437 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. 0 false 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 false false false false false false true 589 0 true 5 true true true false false false false false false false X 8 8 false false false false true true false true true false false false false true true true true true true true false false CA X X ADRIANA MERTINAK 5108796035 555 12TH STREET STE 680 OAKLAND CA 94607 WILLIAM LYONS CHAIRPERSON 1.0 0.0 X X 1900 0 0 ED HALL TRUSTEE 0.0 0.0 X 0 0 0 FRANCISCO CANO TRUSTEE (as of 1/1/2025) 0.0 0.0 X 0 0 0 JOHN SMOLK TRUSTEE 0.0 0.0 X 1000 0 0 MARTIN KING TREASURER 0.0 0.0 X 0 0 0 RAMENEH TORRES TRUSTEE (as of 1/1/2025) 0.0 0.0 X 0 0 0 STACY BRATCHER TRUSTEE 0.0 0.0 X 0 0 0 TIM EAST TRUSTEE 0.0 0.0 X 600 0 0 ADRIANA MERTINAK DIRECTOR OF FINANCE 40.0 0.0 X 200489 0 0 GRANT HEINTZ DIRECTOR, MEMBER CREDIT RISK 40.0 0.0 X 204631 0 0 JILL DULICH DIRECTOR, CLAIMS AND OPERATIONS 32.0 0.0 X 167355 0 0 575975 0 0 3 false true false TRISTAR RISK MANAGEMENT 100 OCEANGATE SUITE 700 LONG BEACH CA 90802 TPA 1391555 MARSH USA INC 1166 AVENUE OF THE AMERICAS NEW YORK NY 10036 CONSULTING 1200000 NIXON PEABODY LLP 1100 CLINTON SQUARE ROCHESTER NY ROCHESTER NY 14604 LEGAL 883227 CHARLES TAYLOR TPA 64 DANBURY ROAD WILTON CT 06897 WILTON CT 06897 TPA 478786 BDO USA ONE BUSH STREET SUITE 1800 SAN FRANCISCO CA 94104 AUDIT AND TAX 170448 6 0 SECURITY DEPOSITS / RECOVERIES 900099 2363557 2363557 0 0 ALTERNATIVE SECURITY PROGRAM 900099 1647322 1647322 0 0 0 0 0 0 4010879 14884790 0 -584404 15469194 0 0 388155588 326391679 61763909 0 61763909 0 0 61763909 0 0 0 0 0 80659578 4010879 -584404 77233103 0 0 0 0 593956 0 148234 0 141234 52532 0 734605 206943 0 0 1054183 346154 0 127122 273305 0 281457 0 0 104527 0 0 8673 248847 CHANGE IN CLAIMS LIABILITY 25057597 CLAIMS PAID 16596236 ALTERNATIVE SECURITY PROGRAM 5252243 CLAIMS ADMINISTRATION 3309723 273580 54811151 18803718 44808780 43238218 56289 0 0 0 0 1705976 1489388 364624 329194 17345 35430 323754223 319716595 442060822 515119955 0 25871904 24425074 855452206 905651511 1296744 1647788 0 0 92832844 116323286 94129588 117971074 X 761322618 787680437 0 0 761322618 787680437 855452206 905651511 25848427 509392 0 X false true true false 45839 45839 0 258306 222876 35430 60479 60479 0 35430 Closely-held equity interests Financial derivatives HEDGE FUNDS 144851998 F PRIVATE EQUITY 108967138 F FED/STATE GOVERNMENT SECURITIES 79221404 F REAL ASSETS 70046936 F CORPORATE SECURITIES 58102726 F GLOBAL BONDS 53929753 F 515119955 Federal Income Taxes EST. FUTURE LIAB. FOR CLAIMS 96582567 EST. FUTURE LIAB. FOR ADMIN CO 19740719 116323286 80114786 509392 0 509392 79605394 1054184 0 1054184 80659578 53756967 0 0 53756967 1054184 0 1054184 54811151 X X false false false GRANT HEINTZ DIRECTOR, MEMBER CREDIT RISK 204631 0 0 0 0 0 0 0 0 0 204631 0 0 0 ADRIANA MERTINAK DIRECTOR OF FINANCE 200489 0 0 0 0 0 0 0 0 0 200489 0 0 0 JILL DULICH DIRECTOR, CLAIMS AND OPERATIONS 167355 0 0 0 0 0 0 0 0 0 167355 0 0 0 Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION 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, Line 6 Classes of members or stockholders 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, Line 7a Members or stockholders electing members of governing body 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, Line 11b Review of form 990 by governing body The organization's Form 990 is reviewed by management and then provided to the Chair of the Board for review and approval prior to filing. A copy of the return is available to the other members of the governing body upon request. Form 990, Part VI, Line 12c Conflict of interest policy (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, Line 19 Required documents available to the public THE FUND POSTS ITS ANNUAL FINANCIAL REPORT AND INDEPENDENT AUDIT ON ITS WEBSITE. THE FUND'S BYLAWS ARE AVAILABLE TO MEMBERS UPON REQUEST.