I. B. E. W. Local Union No. 124 401(K) Plan — Form 5500 plan (I.B.E.W Local Union No. 124)
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, I. B. E. W. Local Union No. 124 401(K) Plan is a benefit plan reported by I.B.E.W Local Union No. 124 under EIN 43-1269910 and plan number 005. The latest loaded filing year is 2023. The filing reports 2,708 participants and $141,705,076 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- I.B.E.W Local Union No. 124
- EIN
- 43-1269910
- Plan number
- 005
- Plan type
- 1
- Location
- Kansas City, MO
- Latest filing year
- 2023
- Participants
- 2,708
- End-of-year plan assets
- $141,705,076
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,708 | H, C | 20241011141710NAL0011012227001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $141,705,076
- Total liabilities (EOY)
- $28,834
- Net assets (EOY)
- $141,676,242
- Net assets (BOY)
- $118,349,731
Income & contributions
- Participant contributions
- $9,505,748
- Total contributions
- $9,505,748
- Total income / additions
- $31,305,678
Expenses & distributions
- Benefits paid
- $7,608,831
- Administrative expenses
- $370,336
- Total expenses
- $7,979,167
- Net increase / (decrease)
- $23,326,511
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $151,577 | $0 | 2023 |
| Local Union 124 Benefit Office | PARTY-IN-INTEREST | $103,168 | not reported in the loaded dataset | 2023 |
| Arnold, Newbold, Sollars & Hollins | LEGAL | $63,386 | not reported in the loaded dataset | 2023 |
| Segal Marco Advisors | INVESTMENT ADVISORY | $20,489 | not reported in the loaded dataset | 2023 |
| Rubinbrown Llp | AUDITOR | $18,200 | not reported in the loaded dataset | 2023 |
| Construction Benefits Audit Corp | NONE | $13,516 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for I.B.E.W Local Union No. 124
- 2023 Form 5500 filing
- Form 5500 filings in MO
- 401(k) and benefit plan filings in Kansas City, MO
- Principal Life Insurance Company — Schedule C compensation
- Local Union 124 Benefit Office — Schedule C compensation
- Arnold, Newbold, Sollars & Hollins — Schedule C compensation
- Segal Marco Advisors — Schedule C compensation
- Rubinbrown Llp — Schedule C compensation
- Construction Benefits Audit Corp — Schedule C compensation