2023 Form 5500 filing — Pension, Hospitalization & Benefit Plan Of The Electrical Industry - Welfare Account
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 20250714070943NAL0001097600001) for Pension, Hospitalization & Benefit Plan Of The Electrical Industry - Welfare Account, reported by Bd Of Tr Of The Pension, Hosp & Benefit Pl Of The Elec Ind-Welfare under EIN 13-0891045 and plan number 505. It reports 25,626 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250714070943NAL0001097600001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Bd Of Tr Of The Pension, Hosp & Benefit Pl Of The Elec Ind-Welfare
- EIN
- 13-0891045
- Plan number
- 505
- Location
- Flushing, NY
- Participants
- 25,626
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $264,880,255
- Total liabilities (EOY)
- $114,885,920
- Net assets (EOY)
- $149,994,335
- Employer contributions
- $494,344,756
- Total income / additions
- $524,267,352
- Benefits paid
- $549,241,432
- Administrative expenses
- $35,766,573
- Total expenses
- $585,008,005
- Net increase / (decrease)
- -$60,740,653
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Magnacare | NONE | $17,742,393 | $1,364,505 |
| Express Scripts | NONE | $8,951,538 | not reported in the loaded dataset |
| Joint Industry Board | PLAN ADMINISTRATOR | $7,628,564 | not reported in the loaded dataset |
| Asb Capital Management LLC | NONE | $160,668 | not reported in the loaded dataset |
| Cohen Weiss And Simon Llp | NONE | $158,433 | not reported in the loaded dataset |
| Milliman Inc | NONE | $143,398 | not reported in the loaded dataset |
| H&H Graphic Printing Communications | NONE | $89,773 | not reported in the loaded dataset |
| Neuberger Berman Investment Advisor | NONE | $68,725 | not reported in the loaded dataset |
| Deutsche Bank | NONE | $58,484 | not reported in the loaded dataset |
| Insight North America LLC | NONE | $52,511 | not reported in the loaded dataset |
| Sovos Compliance LLC | NONE | $49,497 | not reported in the loaded dataset |
| Alliant Insurance Services, Inc. | NONE | $48,948 | not reported in the loaded dataset |
| Janette Straker | NONE | $45,600 | not reported in the loaded dataset |
| Luce, Schwab, & Kase Inc | NONE | $8,798 | not reported in the loaded dataset |
| Amalgamated Bank | NONE | $6,723 | not reported in the loaded dataset |
| State Street Bank & Trust Co | NONE | $2,833 | $0 |