2023 Form 5500 filing — Ibew Local 25 Health & Benefit Fund
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240731163438NAL0012901315001) for Ibew Local 25 Health & Benefit Fund, reported by Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund under EIN 11-1630810 and plan number 501. It reports 2,531 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731163438NAL0012901315001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund
- EIN
- 11-1630810
- Plan number
- 501
- Location
- Hauppauge, NY
- Participants
- 2,531
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $76,826,024
- Total liabilities (EOY)
- $6,836,528
- Net assets (EOY)
- $69,989,496
- Employer contributions
- $42,850,976
- Participant contributions
- $3,224,157
- Total income / additions
- $50,400,448
- Benefits paid
- $44,272,551
- Administrative expenses
- $1,366,328
- Total expenses
- $45,638,879
- Net increase / (decrease)
- $4,761,569
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Magnacare Administrative Srvcs LLC | NONE | $1,384,335 | $0 |
| Express Scripts, Inc | NONE | $576,714 | not reported in the loaded dataset |
| Labor First, LLC | NONE | $255,460 | not reported in the loaded dataset |
| Cbiz Retirement Plan Services | NONE | $164,995 | not reported in the loaded dataset |
| Bank Of New York Mellon | NONE | $92,300 | $0 |
| Schultheis & Panettieri, Llp | NONE | $58,725 | not reported in the loaded dataset |
| Archer, Byington, Glennon & Levine | NONE | $53,040 | not reported in the loaded dataset |
| National Investment Services | NONE | $28,715 | not reported in the loaded dataset |
| Loomis Sayles Trust Company | NONE | $20,894 | not reported in the loaded dataset |
| Berard & Associates, Cpa'S Pc | NONE | $6,100 | not reported in the loaded dataset |