2023 Form 5500 filing — Babcock Power Savings 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 20241015150530NAL0030096161001) for Babcock Power Savings Plan, reported by Babcock Power Inc. under EIN 04-3719625 and plan number 002. It reports 1,513 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015150530NAL0030096161001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Babcock Power Inc.
- EIN
- 04-3719625
- Plan number
- 002
- Location
- Danvers, MA
- Participants
- 1,513
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $196,821,256
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $196,821,256
- Employer contributions
- $4,653,115
- Participant contributions
- $9,174,826
- Total income / additions
- $45,035,702
- Benefits paid
- $13,783,120
- Administrative expenses
- $295,313
- Total expenses
- $14,087,218
- Net increase / (decrease)
- $30,948,484
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $126,787 | $0 |
| Baker Newman Noyes | AUDITOR | $30,750 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $23,831 | not reported in the loaded dataset |
| Commonwealth Financial Network | INVESTMENT ADVISOR | $23,000 | not reported in the loaded dataset |
| Mccarter & English Llp | LEGAL | $3,315 | not reported in the loaded dataset |