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INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 401k Plan overview

Plan NameINTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND
Plan identification number 502

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Other welfare benefit cover
  • Collectively bargained welfare benefit arrangement under Code section 419A(f)(5).

401k Sponsoring company profile

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 56 has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 56
Employer identification number (EIN):571137766
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022014-06-01RYAN BAILEY2015-10-13 RYAN BAILEY2015-10-13
5022013-06-01MATTHEW MCLAUGHLIN2014-10-07 MATTHEW MCLAUGHLIN2014-10-07
5022012-06-01MATTHEW MCLAUGHLIN2013-09-12 MATTHEW MCLAUGHLIN2013-09-12
5022011-06-01MATTHEW MCLAUGHLIN2012-11-05 MATTHEW MCLAUGHLIN2012-11-05
5022010-06-01MATTHEW MCLAUGHLIN2011-09-01 MATTHEW MCLAUGHLIN2011-09-01
5022009-06-01MATTHEW MCLAUGHLIN2010-09-07 MATTHEW MCLAUGHLIN2010-09-07

Plan Statistics for INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND

401k plan membership statisitcs for INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND

Measure Date Value
2014: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2014 401k membership
Total participants, beginning-of-year2014-06-01252
Total number of active participants reported on line 7a of the Form 55002014-06-010
Total of all active and inactive participants2014-06-010
Number of employers contributing to the scheme2014-06-011
2013: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2013 401k membership
Total participants, beginning-of-year2013-06-01258
Total number of active participants reported on line 7a of the Form 55002013-06-01252
Total of all active and inactive participants2013-06-01252
Number of employers contributing to the scheme2013-06-012
2012: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2012 401k membership
Total participants, beginning-of-year2012-06-01273
Total number of active participants reported on line 7a of the Form 55002012-06-01258
Total of all active and inactive participants2012-06-01258
Number of employers contributing to the scheme2012-06-013
2011: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2011 401k membership
Total participants, beginning-of-year2011-06-01271
Total number of active participants reported on line 7a of the Form 55002011-06-01273
Total of all active and inactive participants2011-06-01273
Number of employers contributing to the scheme2011-06-013
2010: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2010 401k membership
Total participants, beginning-of-year2010-06-01267
Total number of active participants reported on line 7a of the Form 55002010-06-01271
Total of all active and inactive participants2010-06-01271
Number of employers contributing to the scheme2010-06-013
2009: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2009 401k membership
Total participants, beginning-of-year2009-06-01288
Total number of active participants reported on line 7a of the Form 55002009-06-01267
Total of all active and inactive participants2009-06-01267
Number of employers contributing to the scheme2009-06-0119

Financial Data on INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND

Measure Date Value
2015 : INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2015 401k financial data
Total income from all sources (including contributions)2015-05-31$2,249
Total of all expenses incurred2015-05-31$6,505
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-05-31$2,249
Value of total assets at beginning of year2015-05-31$4,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-05-31$6,505
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-05-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-05-31$0
Administrative expenses professional fees incurred2015-05-31$6,396
Was this plan covered by a fidelity bond2015-05-31Yes
Value of fidelity bond cover2015-05-31$2,000,000
If this is an individual account plan, was there a blackout period2015-05-31No
Were there any nonexempt tranactions with any party-in-interest2015-05-31No
Administrative expenses (other) incurred2015-05-31$109
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-05-31No
Value of net income/loss2015-05-31$-4,256
Value of net assets at beginning of year (total assets less liabilities)2015-05-31$4,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-05-31No
Were any leases to which the plan was party in default or uncollectible2015-05-31No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-05-31$4,256
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-05-31$4,256
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-05-31No
Was there a failure to transmit to the plan any participant contributions2015-05-31No
Has the plan failed to provide any benefit when due under the plan2015-05-31No
Contributions received in cash from employer2015-05-31$2,249
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-05-31No
Did the plan have assets held for investment2015-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-05-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-05-31No
Opinion of an independent qualified public accountant for this plan2015-05-31Unqualified
Accountancy firm name2015-05-31FELIX AND GLOEKLER, PC
Accountancy firm EIN2015-05-31260001555
2014 : INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2014 401k financial data
Total income from all sources (including contributions)2014-05-31$11,715
Total of all expenses incurred2014-05-31$8,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-05-31$11,600
Value of total assets at end of year2014-05-31$4,256
Value of total assets at beginning of year2014-05-31$1,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-05-31$8,612
Total interest from all sources2014-05-31$115
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-05-31No
Administrative expenses professional fees incurred2014-05-31$8,530
Was this plan covered by a fidelity bond2014-05-31Yes
Value of fidelity bond cover2014-05-31$7,910,000
If this is an individual account plan, was there a blackout period2014-05-31No
Were there any nonexempt tranactions with any party-in-interest2014-05-31No
Administrative expenses (other) incurred2014-05-31$82
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-05-31No
Value of net income/loss2014-05-31$3,103
Value of net assets at end of year (total assets less liabilities)2014-05-31$4,256
Value of net assets at beginning of year (total assets less liabilities)2014-05-31$1,153
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-05-31No
Were any leases to which the plan was party in default or uncollectible2014-05-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-05-31$4,256
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-05-31$1,153
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-05-31$1,153
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-05-31$115
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-05-31No
Was there a failure to transmit to the plan any participant contributions2014-05-31No
Has the plan failed to provide any benefit when due under the plan2014-05-31No
Contributions received in cash from employer2014-05-31$11,600
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-05-31No
Did the plan have assets held for investment2014-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-05-31No
Opinion of an independent qualified public accountant for this plan2014-05-31Unqualified
Accountancy firm name2014-05-31FELIX AND GLOEKLER, PC
Accountancy firm EIN2014-05-31260001555
2013 : INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2013 401k financial data
Total income from all sources (including contributions)2013-05-31$2,221
Total of all expenses incurred2013-05-31$5,538
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-05-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-05-31$2,216
Value of total assets at end of year2013-05-31$1,153
Value of total assets at beginning of year2013-05-31$4,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-05-31$5,538
Total interest from all sources2013-05-31$5
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-05-31No
Administrative expenses professional fees incurred2013-05-31$5,138
Was this plan covered by a fidelity bond2013-05-31Yes
Value of fidelity bond cover2013-05-31$7,910,000
If this is an individual account plan, was there a blackout period2013-05-31No
Were there any nonexempt tranactions with any party-in-interest2013-05-31No
Administrative expenses (other) incurred2013-05-31$400
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-05-31No
Value of net income/loss2013-05-31$-3,317
Value of net assets at end of year (total assets less liabilities)2013-05-31$1,153
Value of net assets at beginning of year (total assets less liabilities)2013-05-31$4,470
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-05-31No
Were any leases to which the plan was party in default or uncollectible2013-05-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-05-31$1,153
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-05-31$4,470
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-05-31$4,470
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-05-31$5
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-05-31No
Was there a failure to transmit to the plan any participant contributions2013-05-31No
Has the plan failed to provide any benefit when due under the plan2013-05-31No
Contributions received in cash from employer2013-05-31$2,216
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-05-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-05-31No
Did the plan have assets held for investment2013-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-05-31No
Opinion of an independent qualified public accountant for this plan2013-05-31Unqualified
Accountancy firm name2013-05-31FELIX AND GLOEKLER, P.C.
Accountancy firm EIN2013-05-31260001555
2012 : INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2012 401k financial data
Total income from all sources (including contributions)2012-05-31$5,044
Total of all expenses incurred2012-05-31$4,131
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-05-31$1,223
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-05-31$5,035
Value of total assets at end of year2012-05-31$4,470
Value of total assets at beginning of year2012-05-31$3,557
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-05-31$2,908
Total interest from all sources2012-05-31$9
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-05-31No
Administrative expenses professional fees incurred2012-05-31$2,908
Was this plan covered by a fidelity bond2012-05-31Yes
Value of fidelity bond cover2012-05-31$7,910,000
If this is an individual account plan, was there a blackout period2012-05-31No
Were there any nonexempt tranactions with any party-in-interest2012-05-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-05-31No
Value of net income/loss2012-05-31$913
Value of net assets at end of year (total assets less liabilities)2012-05-31$4,470
Value of net assets at beginning of year (total assets less liabilities)2012-05-31$3,557
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-05-31No
Were any leases to which the plan was party in default or uncollectible2012-05-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-05-31$4,470
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-05-31$3,557
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-05-31$3,557
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-05-31$9
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-05-31No
Was there a failure to transmit to the plan any participant contributions2012-05-31No
Has the plan failed to provide any benefit when due under the plan2012-05-31No
Contributions received in cash from employer2012-05-31$5,035
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-05-31$1,223
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-05-31No
Did the plan have assets held for investment2012-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-05-31No
Opinion of an independent qualified public accountant for this plan2012-05-31Unqualified
Accountancy firm name2012-05-31FELIX AND GLOEKLER, P.C.
Accountancy firm EIN2012-05-31260001555
2011 : INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2011 401k financial data
Total income from all sources (including contributions)2011-05-31$30,235
Total of all expenses incurred2011-05-31$27,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-05-31$22,352
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-05-31$30,222
Value of total assets at end of year2011-05-31$3,557
Value of total assets at beginning of year2011-05-31$1,198
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-05-31$5,524
Total interest from all sources2011-05-31$13
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-05-31No
Administrative expenses professional fees incurred2011-05-31$5,524
Was this plan covered by a fidelity bond2011-05-31Yes
Value of fidelity bond cover2011-05-31$7,910,000
If this is an individual account plan, was there a blackout period2011-05-31No
Were there any nonexempt tranactions with any party-in-interest2011-05-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Value of net income/loss2011-05-31$2,359
Value of net assets at end of year (total assets less liabilities)2011-05-31$3,557
Value of net assets at beginning of year (total assets less liabilities)2011-05-31$1,198
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-05-31No
Were any leases to which the plan was party in default or uncollectible2011-05-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-05-31$3,557
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-05-31$1,198
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-05-31$1,198
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-05-31$13
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-05-31No
Was there a failure to transmit to the plan any participant contributions2011-05-31No
Has the plan failed to provide any benefit when due under the plan2011-05-31No
Contributions received in cash from employer2011-05-31$30,222
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-05-31$22,352
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-05-31No
Did the plan have assets held for investment2011-05-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-05-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-05-31No
Opinion of an independent qualified public accountant for this plan2011-05-31Unqualified
Accountancy firm name2011-05-31FELIX & GLOEKLER, PC
Accountancy firm EIN2011-05-31260001555

Form 5500 Responses for INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND

2014: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2014 form 5500 responses
2014-06-01Type of plan entityMulti-employer plan
2014-06-01This submission is the final filingYes
2014-06-01Plan is a collectively bargained planYes
2014-06-01Plan funding arrangement – TrustYes
2014-06-01Plan benefit arrangement - TrustYes
2013: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2013 form 5500 responses
2013-06-01Type of plan entityMulti-employer plan
2013-06-01Plan is a collectively bargained planYes
2013-06-01Plan funding arrangement – TrustYes
2013-06-01Plan benefit arrangement - TrustYes
2012: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2012 form 5500 responses
2012-06-01Type of plan entityMulti-employer plan
2012-06-01Plan is a collectively bargained planYes
2012-06-01Plan funding arrangement – TrustYes
2012-06-01Plan benefit arrangement - TrustYes
2011: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2011 form 5500 responses
2011-06-01Type of plan entityMulti-employer plan
2011-06-01Plan is a collectively bargained planYes
2011-06-01Plan funding arrangement – TrustYes
2011-06-01Plan benefit arrangement - TrustYes
2010: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2010 form 5500 responses
2010-06-01Type of plan entityMulti-employer plan
2010-06-01Plan is a collectively bargained planYes
2010-06-01Plan funding arrangement – TrustYes
2010-06-01Plan benefit arrangement - TrustYes
2009: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 56 DELINQUENCY PENALTY DEFAULT FUND 2009 form 5500 responses
2009-06-01Type of plan entityMulti-employer plan
2009-06-01This submission is the final filingNo
2009-06-01Plan is a collectively bargained planYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement - TrustYes

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