Ibew Local 25 Health & Benefit Fund — Form 5500 plan (Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund)

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, Ibew Local 25 Health & Benefit Fund is a benefit plan reported by Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund under EIN 11-1630810 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,531 participants and $76,826,024 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund
EIN
11-1630810
Plan number
501
Plan type
1
Location
Hauppauge, NY
Latest filing year
2023
Participants
2,531
End-of-year plan assets
$76,826,024

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,531H, C20240731163438NAL0012901315001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$76,826,024
Total liabilities (EOY)
$6,836,528
Net assets (EOY)
$69,989,496
Net assets (BOY)
$65,227,927

Income & contributions

Employer contributions
$42,850,976
Participant contributions
$3,224,157
Total contributions
$46,075,133
Total income / additions
$50,400,448

Expenses & distributions

Benefits paid
$44,272,551
Administrative expenses
$1,366,328
Total expenses
$45,638,879
Net increase / (decrease)
$4,761,569

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Magnacare Administrative Srvcs LLCNONE$1,384,335$02023
Express Scripts, IncNONE$576,714not reported in the loaded dataset2023
Labor First, LLCNONE$255,460not reported in the loaded dataset2023
Cbiz Retirement Plan ServicesNONE$164,995not reported in the loaded dataset2023
Bank Of New York MellonNONE$92,300$02023
Schultheis & Panettieri, LlpNONE$58,725not reported in the loaded dataset2023
Archer, Byington, Glennon & LevineNONE$53,040not reported in the loaded dataset2023
National Investment ServicesNONE$28,715not reported in the loaded dataset2023
Loomis Sayles Trust CompanyNONE$20,894not reported in the loaded dataset2023
Berard & Associates, Cpa'S PcNONE$6,100not reported in the loaded dataset2023

Related Form 5500 pages