2025-11-16T15:50:00-06:00 2024-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2024-01-01 222317253 HEALTH & WELFARE FUND LOCAL 456 IBEW C/O IE SHAFFER & CO HEAL 6097181323 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 MICHAEL G MCLAUGHLIN TRUSTEE 6097181323 2025-11-16 1 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2024 2025-03-06 01:10:19Z MICHAEL G MCLAUGHLIN 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 40660402 0 X N/A X 1980 NJ TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS. 6 3 61 0 0 0 0 0 21297151 22941300 2532512 4965192 1324564 1554470 25154227 29460962 0 0 22207333 24456425 0 0 0 0 0 837682 869450 23045015 25325875 2109212 4135087 74917423 80238870 4296588 3710588 70620835 76528282 TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS. 0 0 TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 X IE SHAFFER & CO 6097181323 830 BEAR TAVERN ROAD WEST TRENTON NJ 086281020 HARRY C ALEXANDER TRUSTEE 1.00 X 0 0 0 TERRANCE CRAIG TRUSTEE 1.00 X 0 0 0 JEFFREY SHAUTE TRUSTEE 1.00 X 0 0 0 MICHAEL G MCLAUGHLIN TRUSTEE 1.00 X 0 249834 140541 DENNIS F CRONIN TRUSTEE 1.00 X 0 2935 0 KEVIN P EGAN TRUSTEE 1.00 X 0 242006 140541 0 494775 281082 0 0 1 0 IE SHAFFER & CO 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 THIRD PARTY ADMINISTRATOR 519209 AETNA LIFE INSURANCE CO 151 FARMINGTON AVENUE HARTFORD CT 06103 ADMINISTRATIVE FEES 334718 CAPITAL RX INC 228 PARK AVENUE SOUTH SUITE 87234 NEW YORK NY 10003 ADMINISTRATIVE FEES 217334 VANGUARD INSTITUTIONAL INVESTOR SERVICES 455 DEVON PARK DRIVE WAYNE PA 19087 INVESTMENT ADVISORY 110189 4 EMPLOYERS' CONTRIBUTIONS 230000 22941300 22941300 22941300 2338137 2338137 13826495 11199440 2627055 2627055 2627055 REBATE REIMBURSEMENTS 900099 1554470 1554470 1554470 29460962 24495770 0 4965192 24456425 49220 45160 191835 528239 6942 16469 5021 6898 PHARMACY CONSULTING 11005 PCORI FEE 7854 MISCELLANEOUS 625 FIDELITY BOND 182 25325875 1054315 1024121 730361 653373 3050031 2471318 8620 7958 68620988 75243924 1453108 838176 74917423 80238870 231658 84851 4064930 3625737 4296588 3710588 X 0 0 0 0 0 0 70620835 76528282 74917423 80238870 4135087 1772360 0 X X 0 1 X 1 0 0 BENEFIT OBLIGATIONS PAYABLE 2440700 RECIPROCALS' CONTRIBUTIONS PAYABLE 1181427 PAYROLL TAXES PAYABLE 3610 3625737 X 29487017 1772360 1772360 27714657 191835 1554470 1746305 29460962 23403370 -1554470 -1554470 24957840 191835 176200 368035 25325875 PART X, LINE 2: THE PLAN OBTAINED A FAVORABLE TAX DETERMINATION LETTER DATED SEPTEMBER 1, 1980, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE PLAN, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE ("IRC"). THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN ADMINISTRATOR AND THE PLAN'S TAX COUNSEL BELIEVE THAT THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: REBATE REIMBURSEMENTS 1,554,470. PART XII, LINE 2D - OTHER ADJUSTMENTS: REBATE REIMBURSEMENTS -1,554,470. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN BENEFIT OBLIGATIONS PAYABLE 176,200. X 0 0 0 MICHAEL G MCLAUGHLIN TRUSTEE 0 249834 0 0 0 0 0 91962 0 48579 0 390375 0 0 KEVIN P EGAN TRUSTEE 0 242006 0 0 0 0 0 91962 0 48579 0 382547 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES MICHAEL MCLAUGHLIN, KEVIN EGAN AND DENNIS CRONIN ARE EMPLOYEES AND/OR OFFICERS OF IBEW LOCAL UNION 456. FORM 990, PART VI, SECTION A, LINE 7A UNION TRUSTEES ARE APPOINTED BY IBEW LOCAL UNION 456 AND EMPLOYER TRUSTEES ARE APPOINTED BY THE NORTHERN NEW JERSEY CHAPTER, INC., NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION WHO REPRESENTS THE EMPLOYERS HAVING A CONTRACTUAL RELATIONSHIP WITH THE UNION. FORM 990, PART VI, SECTION A, LINE 8B NO OTHER COMMITTEES EXIST WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO ITS FILING. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WILL PROVIDE A COPY OF FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A BOARD OF TRUSTEES THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE ELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. IBEW LOCAL UNION 456 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 221010215 TO PROVIDE SERVICES TO UNION MEMBERS UNDER COLLECTIVE BARGAINING AGREEMENTS NJ 501(C)(5) N/A 0 IBEW LOCAL 456 JATC 1295 LIVINGSTON AVENUE NORTH BRUNSWICK NJ 08902 222103358 TO PROVIDE EDUCATION & TRAINING BENEFITS TO PARTICIPANTS NJ 501(C)(3) N/A 0 IBEW LOCAL 456 SUPPLEMENTAL WELFARE FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 200500732 TO PROVIDE SUPPLEMENTAL GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS NJ 501(C)(9) N/A 0 IBEW LOCAL 456 ELECTRICIANS ANNUITY FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 222180156 TO PROVIDE ANNUITY BENEFITS TO PARTICIPANTS NJ 401(A) N/A 0 IBEW LOCAL 456 PENSION FUND 830 BEAR TAVERN ROAD WEST TRENTON NJ 08628 226238995 TO PROVIDE PENSION BENEFITS TO PARTICIPANTS NJ 401(A) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0