2023 Form 5500 filing — I.B.E.W. Local 1253 Retirement Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014134140NAL0052494754002) for I.B.E.W. Local 1253 Retirement Plan, reported by Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan under EIN 01-6045419 and plan number 001. It reports 492 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014134140NAL0052494754002
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Bd Of Trustees I.B.E.W. Local 1253 Retirement Plan
- EIN
- 01-6045419
- Plan number
- 001
- Location
- Newport, ME
- Participants
- 492
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $50,485,571
- Total liabilities (EOY)
- $187,246
- Net assets (EOY)
- $50,298,325
- Employer contributions
- $2,350,593
- Total income / additions
- $9,796,466
- Benefits paid
- $1,874,516
- Administrative expenses
- $140,895
- Total expenses
- $2,015,411
- Net increase / (decrease)
- $7,781,055
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln Retirement Services Co. | NONE | $50,068 | $0 |
| Sageview | NONE | $40,000 | not reported in the loaded dataset |
| Novak Francella LLC | NONE | $22,903 | not reported in the loaded dataset |
| Retirement Solutions Group | NONE | $15,900 | not reported in the loaded dataset |