Employer · plans filed under one EIN
I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board of Trustees
Mentor, OH · 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.
2 retirement plans with 100 or more participants file Form 5500 under I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board of Trustees's employer identification number (Mentor, Ohio). Their latest filings total 1,210 participant records and $139M in net assets.
The largest is I.B.E.W. Local 673 Profit Sharing Annuity Plan, a 401(k) plan with 651 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 $4.3M and participant contributions $69K in the latest plan years; benefits paid were $11.3M. Schedule C compensation reported to service provider organisations totalled $881K.
Combined net assets moved from $91.7M in 2009 to $139M in 2024 (up 51%). 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 673 Profit Sharing Annuity Plan | 401(k) plan | 2024 | 651 | $53.8M | $82,630 | $8,481 | $158K |
| I B E W Local 673 Pension Plan | defined benefit pension plan | 2024 | 559 | $84.8M | $151,683 | $17,600 | $723K |
| 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 | 1,210 | $139M | $4.3M | $69K |
| 2023 | 2 | 1,104 | $133M | $4.1M | $89K |
| 2022 | 2 | 1,096 | $126M | $3.8M | $107K |
| 2021 | 2 | 972 | $147M | $3.4M | $118K |
| 2020 | 2 | 963 | $134M | $2.6M | $83K |
| 2019 | 2 | 969 | $126M | $2.9M | $387K |
| 2018 | 2 | 975 | $113M | $2.7M | $83K |
| 2017 | 2 | 1,122 | $123M | $2.5M | $56K |
| 2016 | 2 | 1,108 | $114M | $2.1M | $32K |
| 2015 | 2 | 1,136 | $112M | $2.3M | $49K |
| 2014 | 2 | 1,069 | $120M | $2.2M | $52K |
| 2013 | 2 | 1,204 | $118M | $2.4M | $78K |
| 2012 | 2 | 1,194 | $104M | $2.2M | $66K |
| 2011 | 2 | 1,203 | $96.0M | $2.2M | $60K |
| 2010 | 2 | 1,207 | $99.8M | $1.9M | $47K |
| 2009 | 2 | 1,153 | $91.7M | $2.4M | $73K |
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 | 2 | $174,020 |
| Manning and Napier Advisors | Investment management | 1 | $136,583 |
| Newport Investments | Investment management | 1 | $113,110 |
| UBS Financial Services Inc. | Investment advisory (plan) | 2 | $111,687 |
| Ancora Advisors | Investment management | 1 | $90,243 |
| Gallovic, Granito, & Co. Ltd. | Accounting (including auditing) | 2 | $66,336 |
| United Actuarial Services Inc. | Actuarial | 1 | $52,200 |
| Macala & Piatt, L.L.C. | Legal | 2 | $34,833 |
| Fifth Third Bank | Trustee (bank, trust company, or similar financial institution) | 1 | $28,286 |
| Pension Benefit Guaranty Corp. | Insurance services | 1 | $21,090 |
| Todd Associates, Inc. | Insurance services | 2 | $16,355 |
| National Real Estate Advisors | Investment management | 1 | $10,051 |
| IBEW 673 Fringe Benefit Funds Inc. | Contract Administrator | 1 | $6,264 |
| John Hancock Retirement Plan SVCS | Recordkeeping and information management; Custodial (securities); Participant loan processing | 1 | $2,455 |
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 I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board of Trustees 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 673 Profit Sharing Annuity Plan and I B E W Local 673 Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board of Trustees contribute to its plans?
$4,298,383 in employer contributions across these plans in their latest plan years, about $12,717 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, Manning and Napier Advisors, Newport Investments and UBS Financial Services Inc. 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.