Babcock Power Savings 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 Savings Plan is a benefit plan reported by Babcock Power Inc. under EIN 04-3719625 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,513 participants and $196,821,256 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
- 002
- Plan type
- 2
- Location
- Danvers, MA
- Latest filing year
- 2023
- Participants
- 1,513
- End-of-year plan assets
- $196,821,256
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,513 | H, C | 20241015150530NAL0030096161001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $196,821,256
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $196,821,256
- Net assets (BOY)
- $165,872,772
Income & contributions
- Employer contributions
- $4,653,115
- Participant contributions
- $9,174,826
- Total contributions
- $15,919,232
- Total income / additions
- $45,035,702
Expenses & distributions
- Benefits paid
- $13,783,120
- Administrative expenses
- $295,313
- Total expenses
- $14,087,218
- Net increase / (decrease)
- $30,948,484
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $126,787 | $0 | 2023 |
| Baker Newman Noyes | AUDITOR | $30,750 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $23,831 | not reported in the loaded dataset | 2023 |
| Commonwealth Financial Network | INVESTMENT ADVISOR | $23,000 | not reported in the loaded dataset | 2023 |
| Mccarter & English Llp | LEGAL | $3,315 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Babcock Power Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Danvers, MA
- Empower Annuity Insurance Company O — Schedule C compensation
- Baker Newman Noyes — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Commonwealth Financial Network — Schedule C compensation
- Mccarter & English Llp — Schedule C compensation