2023 Form 5500 filing — Ibew-Neca Local 505 Health & Welfare 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 20250710142111NAL0008767808001) for Ibew-Neca Local 505 Health & Welfare Plan, reported by Ibew-Neca Local 505 Health & Welfare Pla under EIN 63-0366157 and plan number 502. It reports 440 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250710142111NAL0008767808001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew-Neca Local 505 Health & Welfare Pla
- EIN
- 63-0366157
- Plan number
- 502
- Location
- Mobile, AL
- Participants
- 440
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,243,584
- Total liabilities (EOY)
- $485,678
- Net assets (EOY)
- $7,757,906
- Employer contributions
- $5,140,494
- Participant contributions
- $52,590
- Total income / additions
- $5,629,657
- Benefits paid
- $5,452,751
- Administrative expenses
- $118,924
- Total expenses
- $5,571,675
- Net increase / (decrease)
- $57,982
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Blue Shield Of Alabama | INSURANCE COMPANY | $470,219 | $0 |
| Gulf States Consultants & Admin Inc | ADMINISTRATOR | $82,200 | not reported in the loaded dataset |
| Carr, Riggs & Ingram, LLC | AUDITOR | $12,500 | not reported in the loaded dataset |
| Southern Actuarial Services Company | ACTUARY | $5,000 | not reported in the loaded dataset |