Local No. 863 Pension Plan — Form 5500 plan (Local No. 863 Pension 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, Local No. 863 Pension Plan is a benefit plan reported by Local No. 863 Pension Plan under EIN 22-1598194 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,514 participants and $368,721,369 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Local No. 863 Pension Plan
- EIN
- 22-1598194
- Plan number
- 001
- Plan type
- 1
- Location
- Mountainside, NJ
- Latest filing year
- 2023
- Participants
- 2,514
- End-of-year plan assets
- $368,721,369
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,514 | H, C | 20250613142853NAL0017959793001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $368,721,369
- Total liabilities (EOY)
- $4,211
- Net assets (EOY)
- $368,717,158
- Net assets (BOY)
- $32,933,475
Income & contributions
- Employer contributions
- $120,286
- Total contributions
- $342,270,365
- Total income / additions
- $366,212,225
Expenses & distributions
- Benefits paid
- $29,132,860
- Administrative expenses
- $1,295,682
- Total expenses
- $30,428,542
- Net increase / (decrease)
- $335,783,683
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Bank | CUSTODIAN-FINANCIAL INST | $409,600 | not reported in the loaded dataset | 2023 |
| The Segal Company | ACTUARY | $188,765 | not reported in the loaded dataset | 2023 |
| Janney Montgomery Scott LLC | INVESTMENT MANAGEMENT | $109,028 | not reported in the loaded dataset | 2023 |
| Ken Nowak, Esq | LEGAL CONSULTANT | $93,000 | not reported in the loaded dataset | 2023 |
| Bederson Llp | ACCOUNTANT | $89,360 | not reported in the loaded dataset | 2023 |
| Morgan Stanley Wealth Management | INVESTMENT MANAGEMENT | $48,750 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Local No. 863 Pension Plan
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Mountainside, NJ
- Principal Bank — Schedule C compensation
- The Segal Company — Schedule C compensation
- Janney Montgomery Scott LLC — Schedule C compensation
- Ken Nowak, Esq — Schedule C compensation
- Bederson Llp — Schedule C compensation
- Morgan Stanley Wealth Management — Schedule C compensation