I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan — Form 5500 plan (Ibew Lu 654 Pension Fund Trustees)
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, I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan is a benefit plan reported by Ibew Lu 654 Pension Fund Trustees under EIN 23-6538183 and plan number 001. The latest loaded filing year is 2023. The filing reports 865 participants and $139,267,798 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Lu 654 Pension Fund Trustees
- EIN
- 23-6538183
- Plan number
- 001
- Plan type
- 1
- Location
- Mount Laurel, NJ
- Latest filing year
- 2023
- Participants
- 865
- End-of-year plan assets
- $139,267,798
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 865 | H, C | 20240911214233NAL0007657601003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $139,267,798
- Total liabilities (EOY)
- $71,403
- Net assets (EOY)
- $139,196,395
- Net assets (BOY)
- $128,739,860
Income & contributions
- Employer contributions
- $8,054,276
- Total contributions
- $8,054,276
- Total income / additions
- $18,120,382
Expenses & distributions
- Benefits paid
- $7,009,368
- Administrative expenses
- $654,479
- Total expenses
- $7,663,847
- Net increase / (decrease)
- $10,456,535
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newtower Trust Company | NONE | $0 | $112,452 | 2023 |
| Boston Trust & Investment Mgt Co | NONE | $94,568 | $0 | 2023 |
| Sage Advisory Services, Ltd. Co. | NONE | $91,648 | not reported in the loaded dataset | 2023 |
| Wedge Capital Management Llp | NONE | $69,811 | $0 | 2023 |
| Graystone/Morgan Stanley | NONE | $50,000 | not reported in the loaded dataset | 2023 |
| Goldman Sachs LLC | NONE | $40,000 | $0 | 2023 |
| The Mckeogh Company | NONE | $39,205 | not reported in the loaded dataset | 2023 |
| Frank M. Vaccaro & Associates Inc | NONE | $27,278 | not reported in the loaded dataset | 2023 |
| National Real Estate Advisors, LLC | NONE | $0 | $26,113 | 2023 |
| Novak Francella LLC | NONE | $22,062 | not reported in the loaded dataset | 2023 |
| Hamilton Lane Advisor, LLC | NONE | $19,465 | $0 | 2023 |
| Wells Fargo | NONE | $17,666 | not reported in the loaded dataset | 2023 |
| Spear Wilderman P.C. | NONE | $12,016 | not reported in the loaded dataset | 2023 |
| Principal Financial Group, Inc. | NONE | $10,423 | not reported in the loaded dataset | 2023 |
| Nb Alternatives Advisers, LLC | NONE | $0 | $6,800 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Lu 654 Pension Fund Trustees
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Mount Laurel, NJ
- Newtower Trust Company — Schedule C compensation
- Boston Trust & Investment Mgt Co — Schedule C compensation
- Sage Advisory Services, Ltd. Co. — Schedule C compensation
- Wedge Capital Management Llp — Schedule C compensation
- Graystone/Morgan Stanley — Schedule C compensation
- Goldman Sachs LLC — Schedule C compensation
- The Mckeogh Company — Schedule C compensation
- Frank M. Vaccaro & Associates Inc — Schedule C compensation
- National Real Estate Advisors, LLC — Schedule C compensation
- Novak Francella LLC — Schedule C compensation
- Hamilton Lane Advisor, LLC — Schedule C compensation
- Wells Fargo — Schedule C compensation
- Spear Wilderman P.C. — Schedule C compensation
- Principal Financial Group, Inc. — Schedule C compensation
- Nb Alternatives Advisers, LLC — Schedule C compensation