Ibew Local 505 Neca Pension Plan — Form 5500 plan (Ibew Local 505 Neca Pension Plan)
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 505 Neca Pension Plan is a benefit plan reported by Ibew Local 505 Neca Pension Plan under EIN 51-0176914 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,002 participants and $64,124,805 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local 505 Neca Pension Plan
- EIN
- 51-0176914
- Plan number
- 001
- Plan type
- 1
- Location
- Mobile, AL
- Latest filing year
- 2023
- Participants
- 1,002
- End-of-year plan assets
- $64,124,805
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,002 | H, C | 20250613114240NAL0050211346002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $64,124,805
- Total liabilities (EOY)
- $15,623
- Net assets (EOY)
- $64,109,182
- Net assets (BOY)
- $57,563,978
Income & contributions
- Employer contributions
- $3,967,793
- Total contributions
- $3,967,793
- Total income / additions
- $11,581,554
Expenses & distributions
- Benefits paid
- $4,531,205
- Administrative expenses
- $505,145
- Total expenses
- $5,036,350
- Net increase / (decrease)
- $6,545,204
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Highland Capital Management LLC | INVESTMENT MANAGER | $136,772 | $1,055 | 2023 |
| Gulf States Cons & Adm Inc | ADMINISTRATOR | $76,200 | not reported in the loaded dataset | 2023 |
| Multi-Employer Property Trust | INVESTMENT MANAGER | $41,846 | $0 | 2023 |
| Reynolds Consulting | INVESTMENT CONSULTING | $41,042 | not reported in the loaded dataset | 2023 |
| Ullico Investment Advisors, Inc | INVESTMENT MANAGER | $38,517 | $0 | 2023 |
| Southern Actuarial Services Company | ACTUARY | $18,325 | not reported in the loaded dataset | 2023 |
| Us Bank | CUSTODIAN | $18,032 | $0 | 2023 |
| Carr, Riggs & Ingram, LLC | AUDITOR | $17,250 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Local 505 Neca Pension Plan
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Mobile, AL
- Highland Capital Management LLC — Schedule C compensation
- Gulf States Cons & Adm Inc — Schedule C compensation
- Multi-Employer Property Trust — Schedule C compensation
- Reynolds Consulting — Schedule C compensation
- Ullico Investment Advisors, Inc — Schedule C compensation
- Southern Actuarial Services Company — Schedule C compensation
- Us Bank — Schedule C compensation
- Carr, Riggs & Ingram, LLC — Schedule C compensation