Ibew Local #241 Welfare Benefits Plan — Form 5500 plan (Ibew Local Union 241)
Plain-English plan 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, Ibew Local #241 Welfare Benefits Plan is a benefit plan reported by Ibew Local Union 241 under EIN 15-0347948 and plan number 501. The latest loaded filing year is 2023. The filing reports 167 participants and $11,813,831 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local Union 241
- EIN
- 15-0347948
- Plan number
- 501
- Plan type
- 1
- Location
- Ithaca, NY
- Latest filing year
- 2023
- Participants
- 167
- End-of-year plan assets
- $11,813,831
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20250313165940NAL0033362192002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,813,831
- Total liabilities (EOY)
- $376,716
- Net assets (EOY)
- $11,437,115
- Net assets (BOY)
- $9,965,023
Income & contributions
- Employer contributions
- $3,644,913
- Participant contributions
- $140,702
- Total contributions
- $3,785,615
- Total income / additions
- $4,685,733
Expenses & distributions
- Benefits paid
- $2,843,161
- Administrative expenses
- $370,480
- Total expenses
- $3,213,641
- Net increase / (decrease)
- $1,472,092
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Excellus Blue Cross Blue Shield | not reported in the loaded dataset | $113,399 | not reported in the loaded dataset | 2023 |
| Solxsys Administrative Solutions | THIRD PARTY ADMINISTRATOR | $71,500 | not reported in the loaded dataset | 2023 |
| Blitman & King | ATTORNEY | $45,601 | not reported in the loaded dataset | 2023 |
| Mengel Metzger Barr & Co | AUDITOR | $21,500 | not reported in the loaded dataset | 2023 |
| Bolton Partners Northeast | ACTUARY | $20,713 | not reported in the loaded dataset | 2023 |
| Lifetime Benefit Solutions | not reported in the loaded dataset | $14,215 | not reported in the loaded dataset | 2023 |
| Segal Advisors | not reported in the loaded dataset | $12,458 | not reported in the loaded dataset | 2023 |
| Mccarthy & Associates | PAYROLL AUDITOR | $10,953 | not reported in the loaded dataset | 2023 |
| Insero & Co. Cpas, Llp | ACCOUNTANT | $5,472 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Local Union 241
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Ithaca, NY
- Excellus Blue Cross Blue Shield — Schedule C compensation
- Solxsys Administrative Solutions — Schedule C compensation
- Blitman & King — Schedule C compensation
- Mengel Metzger Barr & Co — Schedule C compensation
- Bolton Partners Northeast — Schedule C compensation
- Lifetime Benefit Solutions — Schedule C compensation
- Segal Advisors — Schedule C compensation
- Mccarthy & Associates — Schedule C compensation
- Insero & Co. Cpas, Llp — Schedule C compensation