2023 Form 5500 filing — Seafarers Officers And Employees Welfare Plan
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 20241013163005NAL0024931169001) for Seafarers Officers And Employees Welfare Plan, reported by Board Of Trustees Of Seafarers Officers And Employees Welfare Plan under EIN 11-2571578 and plan number 501. It reports 548 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241013163005NAL0024931169001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees Of Seafarers Officers And Employees Welfare Plan
- EIN
- 11-2571578
- Plan number
- 501
- Location
- Camp Springs, MD
- Participants
- 548
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,130,815
- Total liabilities (EOY)
- $1,361,634
- Net assets (EOY)
- $10,769,181
- Employer contributions
- $8,776,958
- Total income / additions
- $12,378,781
- Benefits paid
- $10,292,821
- Administrative expenses
- $182,135
- Total expenses
- $10,474,956
- Net increase / (decrease)
- $1,903,825
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Optumrx, Inc. | PHARMACY BENEFIT MANAGEME | $1,585,447 | $0 |
| Amwins Group Benefits | not reported in the loaded dataset | $1,295,705 | not reported in the loaded dataset |
| Cigna Health And Life Insurance Co | not reported in the loaded dataset | $599,541 | $0 |
| Buchbinder Tunick & Co Llp | not reported in the loaded dataset | $24,000 | not reported in the loaded dataset |
| Seafarers Vacation Fund | not reported in the loaded dataset | $17,899 | not reported in the loaded dataset |
| Basil Castrovinci Associates Inc | not reported in the loaded dataset | $8,280 | not reported in the loaded dataset |
| Evernorth Behavioral | not reported in the loaded dataset | $7,404 | $0 |