2023 Form 5500 filing — Ibew Local 38 401(K) Retirement 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 20241014153009NAL0052912978011) for Ibew Local 38 401(K) Retirement Plan, reported by Ibew Local 38 401(K) Retirement Plan under EIN 34-1619944 and plan number 001. It reports 2,121 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014153009NAL0052912978011
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local 38 401(K) Retirement Plan
- EIN
- 34-1619944
- Plan number
- 001
- Location
- Cleveland, OH
- Participants
- 2,121
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $146,515,890
- Total liabilities (EOY)
- $238,034
- Net assets (EOY)
- $146,277,856
- Employer contributions
- $6,027,179
- Participant contributions
- $6,236,467
- Total income / additions
- $30,229,287
- Benefits paid
- $10,639,361
- Administrative expenses
- $557,381
- Total expenses
- $11,407,301
- Net increase / (decrease)
- $18,821,986
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ibew Local 38 Fringe Benefit Fund | COLLECTION FUND | $103,546 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORD KEEPER | $95,437 | $0 |
| Segal Marco Advisors | INVESTMENT CONSULTANT | $40,000 | not reported in the loaded dataset |
| Allotta Farley Co., Lpa | ATTORNEY | $22,338 | not reported in the loaded dataset |
| Yurchyk & Davis Cpa'S, Inc. | AUDITOR | $12,900 | not reported in the loaded dataset |