401k Plan data: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN plan

IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 401k Plan overview

Plan Name	IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN
Plan identification number	505

IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN Benefits

401k Plan Type	Welfare Benefit
Plan Features/Benefits	Supplemental unemployment

401k Sponsoring company profile

IBEW LOCAL 56 has sponsored the creation of one or more 401k plans.

Company Name: IBEW LOCAL 56

Employer identification number (EIN): 251893171

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
505 2012-01-01 MATTHEW J. MCLAUGHLIN 2013-03-24 MATTHEW J. MCLAUGHLIN 2013-03-24
505 2011-01-01 MATTHEW J. MCLAUGHLIN 2012-03-07 MATTHEW J. MCLAUGHLIN 2012-03-07
505 2009-01-01 TIMOTHY HEPLER 2010-04-20 TIMOTHY HEPLER 2010-04-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
505	2012-01-01	MATTHEW J. MCLAUGHLIN	2013-03-24	MATTHEW J. MCLAUGHLIN	2013-03-24
505	2011-01-01	MATTHEW J. MCLAUGHLIN	2012-03-07	MATTHEW J. MCLAUGHLIN	2012-03-07
505	2009-01-01	TIMOTHY HEPLER	2010-04-20	TIMOTHY HEPLER	2010-04-20

Plan Statistics for IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

401k plan membership statisitcs for IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

Measure Date Value
2012: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 261
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of employers contributing to the scheme 2012-01-01 18
2011: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 271
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 253
Number of retired or separated participants receiving benefits 2011-01-01 8
Total of all active and inactive participants 2011-01-01 261
Number of employers contributing to the scheme 2011-01-01 26
2009: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 325
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 248
Number of retired or separated participants receiving benefits 2009-01-01 58
Total of all active and inactive participants 2009-01-01 306
Number of employers contributing to the scheme 2009-01-01 19

Measure	Date	Value
2012: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	261
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of employers contributing to the scheme	2012-01-01	18
2011: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	271
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	253
Number of retired or separated participants receiving benefits	2011-01-01	8
Total of all active and inactive participants	2011-01-01	261
Number of employers contributing to the scheme	2011-01-01	26
2009: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	325
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	248
Number of retired or separated participants receiving benefits	2009-01-01	58
Total of all active and inactive participants	2009-01-01	306
Number of employers contributing to the scheme	2009-01-01	19

Financial Data on IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

Measure	Date	Value
2012 : IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2012 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$415
Total income from all sources (including contributions)	2012-12-31	$54,056
Total loss/gain on sale of assets	2012-12-31	$26,529
Total of all expenses incurred	2012-12-31	$360,861
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$334,483
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$27,439
Value of total assets at beginning of year	2012-12-31	$307,220
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$26,378
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$88
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-12-31	$0
Administrative expenses professional fees incurred	2012-12-31	$15,373
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$7,910,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$1,299
Administrative expenses (other) incurred	2012-12-31	$11,005
Total non interest bearing cash at beginning of year	2012-12-31	$24,722
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-306,805
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$306,805
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$3,843
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$3,843
Asset value of US Government securities at beginning of year	2012-12-31	$12,838
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$27,439
Employer contributions (assets) at beginning of year	2012-12-31	$5,063
Income. Dividends from common stock	2012-12-31	$88
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$334,483
Asset. Corporate debt instrument debt (other) at beginning of year	2012-12-31	$73,776
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	No
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-12-31	$185,679
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$415
Did the plan have assets held for investment	2012-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	Yes
Aggregate proceeds on sale of assets	2012-12-31	$726,939
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$700,410
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	FELIX AND GLOEKLER, P.C.
Accountancy firm EIN	2012-12-31	260001555
2011 : IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$15,309
Total unrealized appreciation/depreciation of assets	2011-12-31	$15,309
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$415
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$432
Total income from all sources (including contributions)	2011-12-31	$69,635
Total loss/gain on sale of assets	2011-12-31	$-13,041
Total of all expenses incurred	2011-12-31	$60,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$40,016
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$59,133
Value of total assets at end of year	2011-12-31	$307,220
Value of total assets at beginning of year	2011-12-31	$297,687
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$20,069
Total interest from all sources	2011-12-31	$4,753
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$3,481
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Administrative expenses professional fees incurred	2011-12-31	$7,038
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$7,910,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$1,299
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$1,669
Administrative expenses (other) incurred	2011-12-31	$10,004
Total non interest bearing cash at end of year	2011-12-31	$24,722
Total non interest bearing cash at beginning of year	2011-12-31	$22,635
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$9,550
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$306,805
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$297,255
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$3,027
Income. Interest from corporate debt instruments	2011-12-31	$4,747
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$3,843
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$4,401
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$4,401
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$6
Asset value of US Government securities at end of year	2011-12-31	$12,838
Asset value of US Government securities at beginning of year	2011-12-31	$19,339
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$59,133
Employer contributions (assets) at end of year	2011-12-31	$5,063
Employer contributions (assets) at beginning of year	2011-12-31	$5,063
Income. Dividends from common stock	2011-12-31	$3,481
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$40,016
Asset. Corporate debt instrument debt (other) at end of year	2011-12-31	$73,776
Asset. Corporate debt instrument debt (other) at beginning of year	2011-12-31	$103,247
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$185,679
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$141,333
Liabilities. Value of benefit claims payable at end of year	2011-12-31	$415
Liabilities. Value of benefit claims payable at beginning of year	2011-12-31	$432
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$197,996
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$211,037
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	FELIX & GLOEKLER,P.C.
Accountancy firm EIN	2011-12-31	260001555
2010 : IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$13,806
Total unrealized appreciation/depreciation of assets	2010-12-31	$13,806
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$432
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$456
Total income from all sources (including contributions)	2010-12-31	$69,460
Total loss/gain on sale of assets	2010-12-31	$-90
Total of all expenses incurred	2010-12-31	$62,704
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$38,005
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$46,908
Value of total assets at end of year	2010-12-31	$297,687
Value of total assets at beginning of year	2010-12-31	$290,955
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$24,699
Total interest from all sources	2010-12-31	$6,529
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$2,307
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$13,666
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$7,910,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$1,669
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$1,075
Administrative expenses (other) incurred	2010-12-31	$7,865
Total non interest bearing cash at end of year	2010-12-31	$22,635
Total non interest bearing cash at beginning of year	2010-12-31	$34,717
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$6,756
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$297,255
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$290,499
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$3,168
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$6,792
Income. Interest from corporate debt instruments	2010-12-31	$6,518
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$4,401
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$21,163
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$21,163
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$11
Asset value of US Government securities at end of year	2010-12-31	$19,339
Asset value of US Government securities at beginning of year	2010-12-31	$63,920
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$46,908
Employer contributions (assets) at end of year	2010-12-31	$5,063
Employer contributions (assets) at beginning of year	2010-12-31	$5,598
Income. Dividends from common stock	2010-12-31	$2,307
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$38,005
Asset. Corporate debt instrument debt (other) at end of year	2010-12-31	$103,247
Asset. Corporate debt instrument debt (other) at beginning of year	2010-12-31	$36,768
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$141,333
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$120,922
Liabilities. Value of benefit claims payable at end of year	2010-12-31	$432
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$456
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$214,582
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$214,672
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	FELIX & GLOEKLER, P.C.
Accountancy firm EIN	2010-12-31	260001555

Form 5500 Responses for IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN

2012: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Multi-employer plan
2012-01-01	This submission is the final filing	Yes
2012-01-01	Plan is a collectively bargained plan	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Multi-employer plan
2011-01-01	Plan is a collectively bargained plan	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: IBEW LOCAL 56 SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Multi-employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan is a collectively bargained plan	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	IBEW LOCAL 56
Employer identification number (EIN):	251893171
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors