2023 Form 5500 filing — International Brotherhood Of Electrical Workers Local Unions Savings & Security 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 20241014110843NAL0013181635001) for International Brotherhood Of Electrical Workers Local Unions Savings & Security Plan, reported by Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust under EIN 27-1722149 and plan number 023. It reports 2,859 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014110843NAL0013181635001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust
- EIN
- 27-1722149
- Plan number
- 023
- Location
- Irvington, NY
- Participants
- 2,859
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $697,855,882
- Total liabilities (EOY)
- $761,662
- Net assets (EOY)
- $697,094,220
- Employer contributions
- $1,497,553
- Participant contributions
- $1,671,612
- Total income / additions
- $110,045,363
- Benefits paid
- $84,615,397
- Administrative expenses
- $3,133,050
- Total expenses
- $87,751,741
- Net increase / (decrease)
- $22,293,622
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Planmember Securities Corp. | INVESTMENT ADVISORY TO T | $1,723,750 | not reported in the loaded dataset |
| Planmember Securities Corporation | INVESTMENT ADVISORY | $707,000 | not reported in the loaded dataset |
| Newport Trust Company | RECORDKEEPER/CUSTODIAN | $251,087 | not reported in the loaded dataset |
| Planmember Financial Services | CONTRACT ADMINISTRATOR | $250,000 | not reported in the loaded dataset |
| Insight Investments Management | INVESTMENT MGT | $185,142 | not reported in the loaded dataset |
| Usi Insurance Services LLC | INSURANCE | $94,326 | not reported in the loaded dataset |
| Institutional Investment Consulting | INVESTMENT ADVISORY TO T | $80,000 | not reported in the loaded dataset |
| Cliftonlarsonallen Llp | ACCOUNTING/AUDIT | $39,656 | not reported in the loaded dataset |
| Mcgann Shea Carnival Straughn &Lamb | LEGAL | $29,563 | not reported in the loaded dataset |
| Milliman | RECORDKEEPING/LOAN PROCE | $21,728 | not reported in the loaded dataset |
| Shumaker, Loop & Kendrick, Llp | LEGAL | $20,515 | not reported in the loaded dataset |
| Official Offset Corp. | PRINTING | $11,211 | not reported in the loaded dataset |
| Management Guidance Llp | EMPLOYER TRUSTEE | $10,850 | not reported in the loaded dataset |