IBEW LOCAL 1249 ANNUITY FUND has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023 : IBEW LOCAL 1249 ANNUITY FUND 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $458,134 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $928,507 |
| Total income from all sources (including contributions) | 2023-12-31 | $11,834,732 |
| Total of all expenses incurred | 2023-12-31 | $210,435 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $17,406 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $10,618,828 |
| Value of total assets at end of year | 2023-12-31 | $22,578,165 |
| Value of total assets at beginning of year | 2023-12-31 | $11,424,241 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $193,029 |
| Total interest from all sources | 2023-12-31 | $165 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $346,205 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $346,205 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $2,685 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-12-31 | $50,502 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $452,444 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $923,663 |
| Administrative expenses (other) incurred | 2023-12-31 | $99,520 |
| Liabilities. Value of operating payables at end of year | 2023-12-31 | $5,690 |
| Liabilities. Value of operating payables at beginning of year | 2023-12-31 | $4,844 |
| Total non interest bearing cash at end of year | 2023-12-31 | $3,788,659 |
| Total non interest bearing cash at beginning of year | 2023-12-31 | $1,423,721 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $11,624,297 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $22,120,031 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $10,495,734 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $27,060 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $16,726,211 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $7,028,801 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $1,835 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $10,399 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $10,399 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $165 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $869,534 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $10,618,828 |
| Employer contributions (assets) at end of year | 2023-12-31 | $2,058,775 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $2,910,818 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $17,406 |
| 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 | 2023-12-31 | No |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | BONADIO & CO., LLP |
| Accountancy firm EIN | 2023-12-31 | 161131146 |
| 2022 : IBEW LOCAL 1249 ANNUITY FUND 2022 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $928,507 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $369,146 |
| Total income from all sources (including contributions) | 2022-12-31 | $7,757,933 |
| Total of all expenses incurred | 2022-12-31 | $144,679 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $3,399 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $8,073,623 |
| Value of total assets at end of year | 2022-12-31 | $11,424,241 |
| Value of total assets at beginning of year | 2022-12-31 | $3,251,626 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $141,280 |
| Total interest from all sources | 2022-12-31 | $277 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $77,670 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $77,670 |
| Administrative expenses professional fees incurred | 2022-12-31 | $52,738 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $50,502 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $5,029 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $923,663 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $346,043 |
| Administrative expenses (other) incurred | 2022-12-31 | $81,715 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $4,844 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $23,103 |
| Total non interest bearing cash at end of year | 2022-12-31 | $1,423,721 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $381,522 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $7,613,254 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $10,495,734 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,882,480 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $6,827 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $7,028,801 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,556,082 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $10,399 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $5,636 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $5,636 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $277 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-393,637 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $8,073,623 |
| Employer contributions (assets) at end of year | 2022-12-31 | $2,910,818 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $1,303,357 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $3,399 |
| 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 | 2022-12-31 | No |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | BONADIO & CO., LLP |
| Accountancy firm EIN | 2022-12-31 | 161131146 |
| 2021 : IBEW LOCAL 1249 ANNUITY FUND 2021 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $369,146 |
| Total income from all sources (including contributions) | 2021-12-31 | $2,756,001 |
| Total of all expenses incurred | 2021-12-31 | $100,380 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $2,741,302 |
| Value of total assets at end of year | 2021-12-31 | $3,024,767 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $100,380 |
| Total interest from all sources | 2021-12-31 | $5 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $6,362 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $6,362 |
| Administrative expenses professional fees incurred | 2021-12-31 | $42,145 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $5,029 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $346,043 |
| Other income not declared elsewhere | 2021-12-31 | $2,700 |
| Administrative expenses (other) incurred | 2021-12-31 | $57,954 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $23,103 |
| Total non interest bearing cash at end of year | 2021-12-31 | $381,522 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $2,655,621 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $2,655,621 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $281 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $1,556,082 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $5,636 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $5 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $5,632 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $2,741,302 |
| Employer contributions (assets) at end of year | 2021-12-31 | $1,076,498 |
| 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 | 2021-12-31 | No |
| Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | BONADIO & CO., LLP |
| Accountancy firm EIN | 2021-12-31 | 161131146 |
