2023 Form 5500 filing — Ibew Local 98 Health & 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 20241015121230NAL0047813792001) for Ibew Local 98 Health & Welfare Plan, reported by Ibew Local 98 Health & Welfare Plan Board Of under EIN 23-2082042 and plan number 501. It reports 3,689 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015121230NAL0047813792001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local 98 Health & Welfare Plan Board Of
- EIN
- 23-2082042
- Plan number
- 501
- Location
- Philadelphia, PA
- Participants
- 3,689
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $197,949,555
- Total liabilities (EOY)
- $3,430,017
- Net assets (EOY)
- $194,519,538
- Employer contributions
- $84,376,013
- Participant contributions
- $4,518,141
- Total income / additions
- $100,369,593
- Benefits paid
- $76,205,969
- Administrative expenses
- $1,691,607
- Total expenses
- $77,897,576
- Net increase / (decrease)
- $22,472,017
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Frank M Vaccaro & Associates,Inc | NONE | $796,269 | not reported in the loaded dataset |
| Ibew Local Union No. 98 | RELATED ORGANIZATION | $136,818 | not reported in the loaded dataset |
| Chartwell Investment Partners | NONE | $112,860 | not reported in the loaded dataset |
| Boyd Watterson Asset Management LLC | NONE | $74,743 | not reported in the loaded dataset |
| Newtower Trust Company | NONE | $0 | $74,538 |
| Novak Francella LLC | NONE | $70,894 | not reported in the loaded dataset |
| Loomis Sayles & Company, Lp | NONE | $64,301 | not reported in the loaded dataset |
| Cleary & Josem Llp | NONE | $59,234 | not reported in the loaded dataset |
| Part D Advisors Inc | NONE | $42,259 | not reported in the loaded dataset |
| Marco Consulting | NONE | $35,000 | not reported in the loaded dataset |
| Janus Henderson | NONE | $26,048 | not reported in the loaded dataset |
| Cheiron Inc | NONE | $25,520 | not reported in the loaded dataset |
| Pnc Bank, N.A. | NONE | $16,986 | not reported in the loaded dataset |