2023 Form 5500 filing — Babcock Power Pension 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 20250714150243NAL0001212945001) for Babcock Power Pension Plan, reported by Babcock Power Inc. under EIN 04-3719625 and plan number 001. It reports 579 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250714150243NAL0001212945001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Babcock Power Inc.
- EIN
- 04-3719625
- Plan number
- 001
- Location
- Danvers, MA
- Participants
- 579
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $34,474,228
- Total liabilities (EOY)
- $179,696
- Net assets (EOY)
- $34,294,532
- Employer contributions
- $71,613
- Participant contributions
- $0
- Total income / additions
- $4,460,876
- Benefits paid
- $2,599,015
- Administrative expenses
- $383,492
- Total expenses
- $2,982,507
- Net increase / (decrease)
- $1,478,369
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Retirement Services | ADMINISTRATION | $101,790 | not reported in the loaded dataset |
| Bank Of America | TRUSTEE | $87,360 | $971 |
| Baker Newman & Noyes LLC | AUDITOR | $16,500 | not reported in the loaded dataset |