Ibew-Neca Local 505 Health & Welfare Plan — Form 5500 plan (Ibew-Neca Local 505 Health & Welfare Pla)
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-Neca Local 505 Health & Welfare Plan is a benefit plan reported by Ibew-Neca Local 505 Health & Welfare Pla under EIN 63-0366157 and plan number 502. The latest loaded filing year is 2023. The filing reports 440 participants and $8,243,584 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew-Neca Local 505 Health & Welfare Pla
- EIN
- 63-0366157
- Plan number
- 502
- Plan type
- 1
- Location
- Mobile, AL
- Latest filing year
- 2023
- Participants
- 440
- End-of-year plan assets
- $8,243,584
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 440 | H, C | 20250710142111NAL0008767808001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,243,584
- Total liabilities (EOY)
- $485,678
- Net assets (EOY)
- $7,757,906
- Net assets (BOY)
- $7,699,924
Income & contributions
- Employer contributions
- $5,140,494
- Participant contributions
- $52,590
- Total contributions
- $5,193,084
- Total income / additions
- $5,629,657
Expenses & distributions
- Benefits paid
- $5,452,751
- Administrative expenses
- $118,924
- Total expenses
- $5,571,675
- Net increase / (decrease)
- $57,982
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Blue Cross Blue Shield Of Alabama | INSURANCE COMPANY | $470,219 | $0 | 2023 |
| Gulf States Consultants & Admin Inc | ADMINISTRATOR | $82,200 | not reported in the loaded dataset | 2023 |
| Carr, Riggs & Ingram, LLC | AUDITOR | $12,500 | not reported in the loaded dataset | 2023 |
| Southern Actuarial Services Company | ACTUARY | $5,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew-Neca Local 505 Health & Welfare Pla
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Mobile, AL
- Blue Cross Blue Shield Of Alabama — Schedule C compensation
- Gulf States Consultants & Admin Inc — Schedule C compensation
- Carr, Riggs & Ingram, LLC — Schedule C compensation
- Southern Actuarial Services Company — Schedule C compensation