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IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 401k Plan overview

Plan NameIBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND
Plan identification number 501

IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental
  • Vision

401k Sponsoring company profile

TRUSTEES OF IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND has sponsored the creation of one or more 401k plans.

Company Name:TRUSTEES OF IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND
Employer identification number (EIN):370605064
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 51 SUPPLEMENTAL HEALTH AND WELFARE FUND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012013-01-01MARK PELLERITO JAMES WHITE2015-02-27
5012012-01-01JAMES R BATES JAMES R BATES2013-10-11
5012011-01-01JAMES R BATES JAMES R BATES2012-12-10
5012009-01-01JAMES R BATES JAMES R BATES2010-10-07

Plan Statistics for IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND

401k plan membership statisitcs for IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND

Measure Date Value
2013: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2013 401k membership
Total participants, beginning-of-year2013-01-011,215
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of employers contributing to the scheme2013-01-0126
2012: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2012 401k membership
Total participants, beginning-of-year2012-01-011,106
Total number of active participants reported on line 7a of the Form 55002012-01-011,175
Number of retired or separated participants receiving benefits2012-01-0140
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-011,215
2011: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2011 401k membership
Total participants, beginning-of-year2011-01-011,116
Total number of active participants reported on line 7a of the Form 55002011-01-011,106
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-011,106
2009: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2009 401k membership
Total participants, beginning-of-year2009-01-01748
Total number of active participants reported on line 7a of the Form 55002009-01-011,206
Number of retired or separated participants receiving benefits2009-01-01113
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-011,319
Total participants2009-01-010

Financial Data on IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND

Measure Date Value
2013 : IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-06-30$40,054
Total unrealized appreciation/depreciation of assets2013-06-30$40,054
Total transfer of assets from this plan2013-06-30$3,528,014
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$9,400
Total income from all sources (including contributions)2013-06-30$529,663
Total of all expenses incurred2013-06-30$59,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-06-30$20,635
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-06-30$485,305
Value of total assets at end of year2013-06-30$0
Value of total assets at beginning of year2013-06-30$3,067,442
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-06-30$39,056
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-06-30$0
Administrative expenses professional fees incurred2013-06-30$15,297
Was this plan covered by a fidelity bond2013-06-30Yes
Value of fidelity bond cover2013-06-30$500,000
If this is an individual account plan, was there a blackout period2013-06-30No
Were there any nonexempt tranactions with any party-in-interest2013-06-30No
Assets. Other investments not covered elsewhere at beginning of year2013-06-30$308,097
Administrative expenses (other) incurred2013-06-30$5,791
Liabilities. Value of operating payables at end of year2013-06-30$0
Liabilities. Value of operating payables at beginning of year2013-06-30$9,400
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Value of net income/loss2013-06-30$469,972
Value of net assets at end of year (total assets less liabilities)2013-06-30$0
Value of net assets at beginning of year (total assets less liabilities)2013-06-30$3,058,042
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-06-30No
Were any leases to which the plan was party in default or uncollectible2013-06-30No
Investment advisory and management fees2013-06-30$17,479
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-06-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-06-30$120,808
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-06-30$120,808
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-06-30$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-06-30$2,578,316
Net investment gain/loss from pooled separate accounts2013-06-30$4,304
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-06-30No
Was there a failure to transmit to the plan any participant contributions2013-06-30No
Has the plan failed to provide any benefit when due under the plan2013-06-30No
Contributions received in cash from employer2013-06-30$485,305
Employer contributions (assets) at end of year2013-06-30$0
Employer contributions (assets) at beginning of year2013-06-30$60,221
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-06-30$20,635
Contract administrator fees2013-06-30$489
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-06-30No
Did the plan have assets held for investment2013-06-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-06-30Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-06-30No
Opinion of an independent qualified public accountant for this plan2013-06-30Unqualified
Accountancy firm name2013-06-30LEGACY PROFESSIONALS LLP
Accountancy firm EIN2013-06-30320043599
2012 : IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$93,451
Total unrealized appreciation/depreciation of assets2012-12-31$93,451
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$9,400
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,000
Total income from all sources (including contributions)2012-12-31$883,747
Total of all expenses incurred2012-12-31$110,657
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$52,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$790,269
Value of total assets at end of year2012-12-31$3,067,442
Value of total assets at beginning of year2012-12-31$2,303,952
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$58,272
Total interest from all sources2012-12-31$27
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$22,900
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Other investments not covered elsewhere at end of year2012-12-31$308,097
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$223,826
Administrative expenses (other) incurred2012-12-31$3,044
Liabilities. Value of operating payables at end of year2012-12-31$9,400
Liabilities. Value of operating payables at beginning of year2012-12-31$19,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$773,090
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,058,042
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,284,952
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$120,808
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$73,041
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$73,041
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$27
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$2,578,316
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,965,180
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$790,269
Employer contributions (assets) at end of year2012-12-31$60,221
Employer contributions (assets) at beginning of year2012-12-31$41,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$52,385
Contract administrator fees2012-12-31$32,328
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31KERBER,ECK & BRAECKEL LLP
Accountancy firm EIN2012-12-31430352985
2011 : IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$51,737
Total unrealized appreciation/depreciation of assets2011-12-31$51,737
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,405
Total income from all sources (including contributions)2011-12-31$596,365
Total of all expenses incurred2011-12-31$135,484
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$76,227
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$544,476
Value of total assets at end of year2011-12-31$2,303,952
Value of total assets at beginning of year2011-12-31$1,843,476
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$59,257
Total interest from all sources2011-12-31$152
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$25,695
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$223,826
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$177,392
Administrative expenses (other) incurred2011-12-31$5,219
Liabilities. Value of operating payables at end of year2011-12-31$19,000
Liabilities. Value of operating payables at beginning of year2011-12-31$19,405
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$460,881
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,284,952
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,824,071
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$73,041
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$54,296
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$54,296
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$152
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,965,180
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,579,729
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$544,476
Employer contributions (assets) at end of year2011-12-31$41,905
Employer contributions (assets) at beginning of year2011-12-31$32,059
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$76,227
Contract administrator fees2011-12-31$28,343
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31KERBER,ECK & BRAECKEL LLP
Accountancy firm EIN2011-12-31430352985
2010 : IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$56,921
Total unrealized appreciation/depreciation of assets2010-12-31$56,921
Total transfer of assets from this plan2010-12-31$62,049
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$19,405
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$474,101
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$66,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$15,902
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$404,871
Value of total assets at end of year2010-12-31$1,843,476
Value of total assets at beginning of year2010-12-31$1,478,895
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$50,974
Total interest from all sources2010-12-31$192
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$21,655
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$177,392
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$116,296
Other income not declared elsewhere2010-12-31$12,117
Liabilities. Value of operating payables at end of year2010-12-31$19,405
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$407,225
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,824,071
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,478,895
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$54,296
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$138,187
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$138,187
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$192
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,579,729
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,177,052
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$404,871
Employer contributions (assets) at end of year2010-12-31$32,059
Employer contributions (assets) at beginning of year2010-12-31$47,360
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$15,902
Contract administrator fees2010-12-31$29,319
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31KERBER,ECK & BRAECKEL LLP
Accountancy firm EIN2010-12-31430352985

Form 5500 Responses for IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND

2013: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2013 form 5500 responses
2013-01-01Type of plan entityMulti-employer plan
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: IBEW LOCAL 51 SUPPLEMENTAL HEALTH AND WELFARE FUND 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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