2023 Form 5500 filing — Ibew Local #241 Welfare Benefits 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 20250313165940NAL0033362192002) for Ibew Local #241 Welfare Benefits Plan, reported by Ibew Local Union 241 under EIN 15-0347948 and plan number 501. It reports 167 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250313165940NAL0033362192002
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local Union 241
- EIN
- 15-0347948
- Plan number
- 501
- Location
- Ithaca, NY
- Participants
- 167
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,813,831
- Total liabilities (EOY)
- $376,716
- Net assets (EOY)
- $11,437,115
- Employer contributions
- $3,644,913
- Participant contributions
- $140,702
- Total income / additions
- $4,685,733
- Benefits paid
- $2,843,161
- Administrative expenses
- $370,480
- Total expenses
- $3,213,641
- Net increase / (decrease)
- $1,472,092
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Excellus Blue Cross Blue Shield | not reported in the loaded dataset | $113,399 | not reported in the loaded dataset |
| Solxsys Administrative Solutions | THIRD PARTY ADMINISTRATOR | $71,500 | not reported in the loaded dataset |
| Blitman & King | ATTORNEY | $45,601 | not reported in the loaded dataset |
| Mengel Metzger Barr & Co | AUDITOR | $21,500 | not reported in the loaded dataset |
| Bolton Partners Northeast | ACTUARY | $20,713 | not reported in the loaded dataset |
| Lifetime Benefit Solutions | not reported in the loaded dataset | $14,215 | not reported in the loaded dataset |
| Segal Advisors | not reported in the loaded dataset | $12,458 | not reported in the loaded dataset |
| Mccarthy & Associates | PAYROLL AUDITOR | $10,953 | not reported in the loaded dataset |
| Insero & Co. Cpas, Llp | ACCOUNTANT | $5,472 | not reported in the loaded dataset |