2023 Form 5500 filing — I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan
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 20240911214233NAL0007657601003) for I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan, reported by Ibew Lu 654 Pension Fund Trustees under EIN 23-6538183 and plan number 001. It reports 865 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240911214233NAL0007657601003
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Lu 654 Pension Fund Trustees
- EIN
- 23-6538183
- Plan number
- 001
- Location
- Mount Laurel, NJ
- Participants
- 865
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $139,267,798
- Total liabilities (EOY)
- $71,403
- Net assets (EOY)
- $139,196,395
- Employer contributions
- $8,054,276
- Total income / additions
- $18,120,382
- Benefits paid
- $7,009,368
- Administrative expenses
- $654,479
- Total expenses
- $7,663,847
- Net increase / (decrease)
- $10,456,535
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newtower Trust Company | NONE | $0 | $112,452 |
| Boston Trust & Investment Mgt Co | NONE | $94,568 | $0 |
| Sage Advisory Services, Ltd. Co. | NONE | $91,648 | not reported in the loaded dataset |
| Wedge Capital Management Llp | NONE | $69,811 | $0 |
| Graystone/Morgan Stanley | NONE | $50,000 | not reported in the loaded dataset |
| Goldman Sachs LLC | NONE | $40,000 | $0 |
| The Mckeogh Company | NONE | $39,205 | not reported in the loaded dataset |
| Frank M. Vaccaro & Associates Inc | NONE | $27,278 | not reported in the loaded dataset |
| National Real Estate Advisors, LLC | NONE | $0 | $26,113 |
| Novak Francella LLC | NONE | $22,062 | not reported in the loaded dataset |
| Hamilton Lane Advisor, LLC | NONE | $19,465 | $0 |
| Wells Fargo | NONE | $17,666 | not reported in the loaded dataset |
| Spear Wilderman P.C. | NONE | $12,016 | not reported in the loaded dataset |
| Principal Financial Group, Inc. | NONE | $10,423 | not reported in the loaded dataset |
| Nb Alternatives Advisers, LLC | NONE | $0 | $6,800 |