2023 Form 5500 filing — International Brotherhood Of Electrical Workers Ibew 98 Sound & Communication Workers Health & Welfare 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 20241014191632NAL0047253232002) for International Brotherhood Of Electrical Workers Ibew 98 Sound & Communication Workers Health & Welfare Fund, reported by Ibew Local # 98 Sound And Communication Workers Health And Welfare Pla under EIN 23-2959495 and plan number 501. It reports 514 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014191632NAL0047253232002
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local # 98 Sound And Communication Workers Health And Welfare Pla
- EIN
- 23-2959495
- Plan number
- 501
- Location
- Philadelphia, PA
- Participants
- 514
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $36,991,650
- Total liabilities (EOY)
- $268,680
- Net assets (EOY)
- $36,722,970
- Employer contributions
- $11,075,596
- Participant contributions
- $15,322
- Total income / additions
- $13,486,770
- Benefits paid
- $10,951,662
- Administrative expenses
- $335,058
- Total expenses
- $11,286,720
- Net increase / (decrease)
- $2,200,050
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Frank M. Vaccaro & Associates | NONE | $134,451 | not reported in the loaded dataset |
| Boyd Watterson Asset Management | NONE | $31,142 | not reported in the loaded dataset |
| Novak Francella LLC | NONE | $24,031 | not reported in the loaded dataset |
| Cheiron Inc. | NONE | $18,847 | not reported in the loaded dataset |
| Futurescripts | NONE | $15,072 | not reported in the loaded dataset |
| Newtower Trust Company | NONE | $14,971 | $0 |
| Marco Consulting Group | NONE | $12,000 | not reported in the loaded dataset |
| Cleary & Josem Llp | NONE | $11,168 | not reported in the loaded dataset |
| Loomis Sayles Trust Company | NONE | $10,753 | not reported in the loaded dataset |