Employer · plans filed under one EIN
Board of Trustees of I.B.E.W. Local 241 Pension Plan
Ithaca, NY · Construction
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Board of Trustees of I.B.E.W. Local 241 Pension Plan, based in Ithaca, New York, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 469 participant records and $63.3M in net assets.
The largest is I.B.E.W. Local 241 Pension Plan, a defined benefit pension plan with 251 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $3.5M and participant contributions $0 in the latest plan years; benefits paid were $3.5M. Schedule C compensation reported to service provider organisations totalled $367K.
Combined net assets moved from $15.6M in 2009 to $63.3M in 2024 (up 305%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| I.B.E.W. Local 241 Pension Plan | defined benefit pension plan | 2024 | 251 | $27.3M | $108,675 | $14,157 | $242K |
| IBEW Local #241 Annuity Plan | money purchase plan | 2024 | 218 | $36.1M | $165,369 | $8,976 | $125K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 469 | $63.3M | $3.5M | $0 |
| 2023 | 2 | 442 | $58.9M | $3.4M | $0 |
| 2022 | 2 | 437 | $53.4M | $2.7M | $0 |
| 2021 | 1 | 192 | $30.1M | $1.3M | $0 |
| 2020 | 2 | 416 | $58.3M | $2.7M | $0 |
| 2019 | 2 | 393 | $47.4M | $2.4M | $0 |
| 2018 | 2 | 371 | $44.1M | $2.8M | $0 |
| 2017 | 2 | 387 | $41.3M | $2.5M | $0 |
| 2016 | 2 | 376 | $37.6M | $2.8M | $0 |
| 2015 | 2 | 380 | $32.3M | $2.4M | $0 |
| 2014 | 2 | 378 | $31.2M | $2.4M | $0 |
| 2013 | 2 | 371 | $29.4M | $2.4M | $0 |
| 2012 | 2 | 350 | $25.1M | $2.5M | $0 |
| 2011 | 2 | 360 | $20.1M | $2.1M | $0 |
| 2010 | 2 | 381 | $19.4M | $2.0M | $0 |
| 2009 | 2 | 354 | $15.6M | $2.2M | $0 |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Solxsys Administrative Solutions | Contract Administrator; Recordkeeping and information management | 2 | $102,840 |
| Segal Advisors | Investment management; Investment advisory (plan) | 2 | $64,083 |
| Mengel Metzger Barr & Co. | Accounting (including auditing) | 2 | $61,446 |
| Blitman & King | Legal | 2 | $55,673 |
| Bolton Partners Northeast, Inc. | Actuarial | 1 | $50,000 |
| Chevy Chase Trust | Trustee (bank, trust company, or similar financial institution) | 1 | $21,021 |
| Voya Retirement Advisors | Investment advisory (participants) | 1 | $12,309 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Board of Trustees of I.B.E.W. Local 241 Pension Plan have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: I.B.E.W. Local 241 Pension Plan and IBEW Local #241 Annuity Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Board of Trustees of I.B.E.W. Local 241 Pension Plan contribute to its plans?
$3,544,312 in employer contributions across these plans in their latest plan years, about $11,041 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Solxsys Administrative Solutions, Segal Advisors, Mengel Metzger Barr & Co. and Blitman & King and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.