2023 Form 5500 filing — Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010113008NAL0019993409003) for Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund, reported by Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees under EIN 31-1516748 and plan number 002. It reports 420 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010113008NAL0019993409003
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees
- EIN
- 31-1516748
- Plan number
- 002
- Location
- Canfield, OH
- Participants
- 420
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,087,338
- Net assets (EOY)
- $30,087,338
- Participant contributions
- $1,353,885
- Total income / additions
- $6,093,177
- Benefits paid
- $2,515,068
- Administrative expenses
- $68,120
- Total expenses
- $2,640,939
- Net increase / (decrease)
- $3,452,238
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $26,026 | $0 |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $7,900 | not reported in the loaded dataset |
| Benesys | THIRD PARTY ADMINISTRATOR | $7,435 | not reported in the loaded dataset |
| City Printing | PRINTING SERVICES | $5,889 | not reported in the loaded dataset |
| Andco Consulting | INVESTMENT CONSULTANT | $5,000 | not reported in the loaded dataset |