I.B.E.W. Local 1253 Retirement Plan — Form 5500 plan (Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan)
Plain-English plan 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, I.B.E.W. Local 1253 Retirement Plan is a benefit plan reported by Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan under EIN 01-6045419 and plan number 001. The latest loaded filing year is 2023. The filing reports 492 participants and $50,485,571 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan
- EIN
- 01-6045419
- Plan number
- 001
- Plan type
- 1
- Location
- Newport, ME
- Latest filing year
- 2023
- Participants
- 492
- End-of-year plan assets
- $50,485,571
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 492 | H, C | 20241014134140NAL0052494754002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $50,485,571
- Total liabilities (EOY)
- $187,246
- Net assets (EOY)
- $50,298,325
- Net assets (BOY)
- $42,517,270
Income & contributions
- Employer contributions
- $2,350,593
- Total contributions
- $2,350,593
- Total income / additions
- $9,796,466
Expenses & distributions
- Benefits paid
- $1,874,516
- Administrative expenses
- $140,895
- Total expenses
- $2,015,411
- Net increase / (decrease)
- $7,781,055
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln Retirement Services Co. | NONE | $50,068 | $0 | 2023 |
| Sageview | NONE | $40,000 | not reported in the loaded dataset | 2023 |
| Novak Francella LLC | NONE | $22,903 | not reported in the loaded dataset | 2023 |
| Retirement Solutions Group | NONE | $15,900 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Newport, ME
- Lincoln Retirement Services Co. — Schedule C compensation
- Sageview — Schedule C compensation
- Novak Francella LLC — Schedule C compensation
- Retirement Solutions Group — Schedule C compensation