2023 Form 5500 filing — Local No. 863 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 20250613142853NAL0017959793001) for Local No. 863 Pension Plan, reported by Local No. 863 Pension Plan under EIN 22-1598194 and plan number 001. It reports 2,514 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250613142853NAL0017959793001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Local No. 863 Pension Plan
- EIN
- 22-1598194
- Plan number
- 001
- Location
- Mountainside, NJ
- Participants
- 2,514
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $368,721,369
- Total liabilities (EOY)
- $4,211
- Net assets (EOY)
- $368,717,158
- Employer contributions
- $120,286
- Total income / additions
- $366,212,225
- Benefits paid
- $29,132,860
- Administrative expenses
- $1,295,682
- Total expenses
- $30,428,542
- Net increase / (decrease)
- $335,783,683
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Bank | CUSTODIAN-FINANCIAL INST | $409,600 | not reported in the loaded dataset |
| The Segal Company | ACTUARY | $188,765 | not reported in the loaded dataset |
| Janney Montgomery Scott LLC | INVESTMENT MANAGEMENT | $109,028 | not reported in the loaded dataset |
| Ken Nowak, Esq | LEGAL CONSULTANT | $93,000 | not reported in the loaded dataset |
| Bederson Llp | ACCOUNTANT | $89,360 | not reported in the loaded dataset |
| Morgan Stanley Wealth Management | INVESTMENT MANAGEMENT | $48,750 | not reported in the loaded dataset |