Babcock Power Pension Plan — Form 5500 plan (Babcock Power Inc.)
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, Babcock Power Pension Plan is a benefit plan reported by Babcock Power Inc. under EIN 04-3719625 and plan number 001. The latest loaded filing year is 2023. The filing reports 579 participants and $34,474,228 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Babcock Power Inc.
- EIN
- 04-3719625
- Plan number
- 001
- Plan type
- 2
- Location
- Danvers, MA
- Latest filing year
- 2023
- Participants
- 579
- End-of-year plan assets
- $34,474,228
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 579 | H, C | 20250714150243NAL0001212945001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $34,474,228
- Total liabilities (EOY)
- $179,696
- Net assets (EOY)
- $34,294,532
- Net assets (BOY)
- $32,816,163
Income & contributions
- Employer contributions
- $71,613
- Participant contributions
- $0
- Total contributions
- $71,613
- Total income / additions
- $4,460,876
Expenses & distributions
- Benefits paid
- $2,599,015
- Administrative expenses
- $383,492
- Total expenses
- $2,982,507
- Net increase / (decrease)
- $1,478,369
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Retirement Services | ADMINISTRATION | $101,790 | not reported in the loaded dataset | 2023 |
| Bank Of America | TRUSTEE | $87,360 | $971 | 2023 |
| Baker Newman & Noyes LLC | AUDITOR | $16,500 | not reported in the loaded dataset | 2023 |