Ibew Local #241 Annuity Plan — Form 5500 plan (Ibew Local 241)
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 #241 Annuity Plan is a benefit plan reported by Ibew Local 241 under EIN 16-6118689 and plan number 002. The latest loaded filing year is 2023. The filing reports 196 participants and $33,741,656 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local 241
- EIN
- 16-6118689
- Plan number
- 002
- Plan type
- 1
- Location
- Ithaca, NY
- Latest filing year
- 2023
- Participants
- 196
- End-of-year plan assets
- $33,741,656
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 196 | H, C | 20250212163531NAL0011749123001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $33,741,656
- Total liabilities (EOY)
- $77,860
- Net assets (EOY)
- $33,663,796
- Net assets (BOY)
- $30,233,477
Income & contributions
- Employer contributions
- $1,627,588
- Total contributions
- $1,641,928
- Total income / additions
- $7,043,922
Expenses & distributions
- Benefits paid
- $3,443,641
- Administrative expenses
- $169,962
- Total expenses
- $3,613,603
- Net increase / (decrease)
- $3,430,319
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Blitman & King | NONE | $27,908 | not reported in the loaded dataset | 2023 |
| Mengel, Metzger, Barr & Co. | NONE | $24,633 | not reported in the loaded dataset | 2023 |