Back to filter
Original filing (PDF)20251223114625NAL0017691712002
IBEW LOCAL 241
Form 5500
FILING_RECEIVED
IBEW LOCAL #241 ANNUITY PLAN
Defined-contribution retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
193
Accounts w/ balance
218
Plan assets (EOY)
$36.1M
Net assets (EOY)
$36.1M
How this plan invests
This plan
26 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
98
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IBEW LOCAL 241.
Plan sponsor
Name
IBEW LOCAL 241
EIN
16-6118689
Address
134 CECIL A MALONE DRIVE · ITHACA, NY · 14850
Phone
(607) 272-2809
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-06-01
Tax period
2025-05-31
Filed
2025-12-23
Pension benefit codes
2C · Money purchase (other than target benefit)
2E · Profit-sharing
2G · Total participant-directed accounts
Audit & trust (Schedule H)
Auditor
MENGEL METZGER BARR & CO LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsAdvisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SEGAL ADVISORS | 13-2646110 | — | INVESTMENT ADVISOR | $23K | — |
| VOYA RETIREMENT ADVISORS | 02-0488491 | — | INVESTMENT ADVISOR | $12K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SOLXSYS ADMINISTRATIVE SOLUTIONS | 83-2454243 | TROY, MI | THIRD PARTY ADMINISTRATOR | $29K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MENGEL, METZGER, BARR & CO. LLP | 16-1092347 | ELMIRA, NY | NONE | $32K | — |
| BLITMAN & KING | 16-1047304 | — | NONE | $29K | — |
Investments
26 direct securities· $35.9M(99% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard 500 Index Fund - Admiral Shares | — | — | — | $5.1M | 14.2% | |
| VY TRowePrice Captl Apprec Portfolio Inst - R6 | — | — | — | $4.5M | 12.4% | |
| Voya Target Retirement 2045 Fund - Class R6 | — | — | — | $3.3M | 9.2% | |
| TRowePrice Value Fund - I Class | — | — | — | $2.9M | 8.1% | |
| Voya Fixed Account | — | — | — | $2.5M | 7.1% | |
| VY TRowePrice Growth Equity Port I | — | — | — | $2.5M | 7.0% | |
| Voya Fixed Account A | — | — | — | $2.3M | 6.4% | |
| Voya Large Cap Growth Portfolio - R6 | — | — | — | $1.8M | 5.1% | |
| Voya Target Retirement 2035 Fund - Class R6 | — | — | — | $1.8M | 5.1% | |
| Voya Intermediate Bond Fund - R6 | — | — | — | $1.4M | 3.8% | |
| MFS International Equity Fund - Class R6 | — | — | — | $1.2M | 3.2% | |
| American Funds Fdmntl Inv R6 | — | — | — | $952K | 2.6% | |
| Voya Target Retirement 2050 Fund- Class R6 | — | — | — | $823K | 2.3% | |
| Voya Target Retirement 2025 Fund - Class R6 | — | — | — | $698K | 1.9% | |
| Voya Target Retirement 2040 Fund - ClassR6 | — | — | — | $691K | 1.9% | |
| Voya Target Retirement 2055 Fund - Class R6 | — | — | — | $668K | 1.9% | |
| Allspring Special Mid Cap Value Fund - Class R6 | — | — | — | $642K | 1.8% | |
| Baron Asset Fund - R6 Shares | — | — | — | $492K | 1.4% | |
| Lord Abbett Developing Growth Fund - Class R6 | — | — | — | $426K | 1.2% | |
| Voya Target Retirement 2060 Fund - ClassR6 | — | — | — | $422K | 1.2% | |
| Voya Small Company Portfolio - R6 | — | — | — | $181K | 0.5% | |
| Voya Target In-Retirement Fund - Class R6 | — | — | — | $166K | 0.5% | |
| Franklin Small Cap Value VIP F 2 | — | — | — | $104K | 0.3% | |
| Voya Target Retirement 2065 Fund - Class R6 | — | — | — | $99K | 0.3% | |
| Voya Target Retirement 2030 Fund - Class R6 | — | — | — | $75K | 0.2% | |
| Party- party and description of investment in- including maturity date, rate of interest, Current interest collateral, par or maturity value Cash | — | — | — | $28K | <0.1% |
Related plans
Other plans using MENGEL, METZGER, BARR & CO. LLP
HIGHLAND HOSPITAL OF ROCHESTER
RETIREMENT PLAN FOR EMPLOYEES OF HIGHLAND HOSPITAL OF ROCHESTER, NY
$139.0M · 338 participants
TRUSTEES OF PLUMBERS AND STEAMFITTERS LOCAL NO. 7 ANNUITY FUND
PLUMBERS AND STEAMFITTERS LOCAL NO. 7 ANNUITY FUND
$115.7M · 1,027 participants
BOARD OF TRUSTEES OF IBEW LOCAL 139 PENSION
I.B.E.W. LOCAL 139 PENSION PLAN
$52.8M · 217 participants
BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL 112 PENSION PLAN
SHEET METAL WORKERS LOCAL 112 PENSION PLAN
$40.8M · 236 participants
MCFARLAND-JOHNSON, INC.
MCFARLAND-JOHNSON, INC. SAVINGS PLAN
$38.6M · 211 participants
BOARD OF TRUSTEES OF IBEW LOCAL 139 WELFARE
IBEW LOCAL 139 WELFARE PLAN
$28.4M · 224 participants
Similar-size Electrical Contractors plans
POWER ELECTRIC CO., INC.
POWER ELECTRIC CO., INC. EMPLOYEES' PROFIT SHARING PLAN AND TRUST
$36.1M · 19 participants
K.F. HOWELL ELECTRIC, LLC
HOWELL ELECTRIC 401(K) PLAN
$35.8M · 112 participants
PRIME GROUP LLC
PRIME ELECTRIC, INC. 401(K) PROFIT SHARING PLAN
$36.4M · 324 participants
NEWKIRK ELECTRIC ASSOCIATES, INC.
NEWKIRK ELECTRIC ASSOCIATES, INC. 401(K) PROFIT-SHARING PLAN
$36.4M · 154 participants
BOARD OF TRUSTEES, INLAND EMPIRE IBEW-NECA HEALTH PLAN
INLAND EMPIRE IBEW-NECA HEALTH PLAN
$35.8M · 678 participants
THE ARCTICOM GROUP, LLC
THE ARCTICOM GROUP, LLC 401(K) PLAN
$36.4M · 975 participants
Large plans in New York
INTERNATIONAL BUSINESS MACHINES CORPORATION
IBM 401(K) PLAN
$60.4B · 49,030 participants
TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA
TIAA REAL ESTATE ACCOUNT
$25.2B
JPMORGAN CHASE BANK, N.A.
COMMINGLED PENSION TRUST FUND (STRATEGIC PROPERTY) OF JPMORGAN CHASE BANK, N.A.
$24.3B
MORGAN STANLEY DOMESTIC HOLDINGS, LLC
MORGAN STANLEY 401(K) PLAN
$22.2B · 54,084 participants
PFIZER INC
PFIZER SAVINGS PLAN
$22.0B · 29,469 participants
JPMORGAN CHASE BANK, N.A.
COMMINGLED PENSION TRUST FUND (EQUITY INDEX) OF JPMORGAN CHASE BANK, N.A.
$20.0B