2023 Form 5500 filing — Local 863 Ibt Retirement Savings 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 20241015122008NAL0016365731001) for Local 863 Ibt Retirement Savings Plan, reported by Board Of Trustees, Ibt Local 863 under EIN 20-8919589 and plan number 001. It reports 2,916 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015122008NAL0016365731001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees, Ibt Local 863
- EIN
- 20-8919589
- Plan number
- 001
- Location
- Mountainside, NJ
- Participants
- 2,916
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $75,365,835
- Total liabilities (EOY)
- $192,762
- Net assets (EOY)
- $75,173,073
- Employer contributions
- $8,853,964
- Total income / additions
- $21,760,978
- Benefits paid
- $6,334,104
- Administrative expenses
- $680,069
- Total expenses
- $7,014,173
- Net increase / (decrease)
- $14,746,805
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Janney Montgomery Scott LLC | INVESTMENT ADVISER | $259,533 | not reported in the loaded dataset |
| Statewide Health Data System | ADMIN SERVICES PROVIDER | $99,606 | not reported in the loaded dataset |
| Bederson Llp | AUDITOR | $70,240 | not reported in the loaded dataset |
| Comerica | INVESTMENT ADVISER | $23,290 | not reported in the loaded dataset |
| Kenneth Nowak | CONSULTANT | $18,000 | not reported in the loaded dataset |
| Usi Consulting Group | RECORDKEEPER | $15,000 | not reported in the loaded dataset |