Ibew Local 129 Profit Sharing Annuity Plan — Form 5500 plan (Ibew Local Union 129)
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 129 Profit Sharing Annuity Plan is a benefit plan reported by Ibew Local Union 129 under EIN 34-1414182 and plan number 002. The latest loaded filing year is 2023. The filing reports 381 participants and $48,424,227 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local Union 129
- EIN
- 34-1414182
- Plan number
- 002
- Plan type
- 1
- Location
- Troy, MI
- Latest filing year
- 2023
- Participants
- 381
- End-of-year plan assets
- $48,424,227
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 381 | H, C | 20241015074507NAL0048405984004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $48,424,227
- Net assets (EOY)
- $48,424,227
- Net assets (BOY)
- $42,269,712
Income & contributions
- Employer contributions
- $1,407,875
- Total contributions
- $1,407,875
- Total income / additions
- $8,973,774
Expenses & distributions
- Benefits paid
- $2,767,491
- Administrative expenses
- $36,489
- Total expenses
- $2,819,259
- Net increase / (decrease)
- $6,154,515
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Retirement | NONE | $36,489 | not reported in the loaded dataset | 2023 |