2023 Form 5500 filing — Ibew Local No. 58 Annuity 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 20250320081507NAL0003370563001) for Ibew Local No. 58 Annuity Fund, reported by Board Of Trustees Of The Ibew Local No. 58 Annuity Fund under EIN 38-2749515 and plan number 002. It reports 6,289 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250320081507NAL0003370563001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees Of The Ibew Local No. 58 Annuity Fund
- EIN
- 38-2749515
- Plan number
- 002
- Location
- Madison Heights, MI
- Participants
- 6,289
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $820,744,775
- Total liabilities (EOY)
- $490,533
- Net assets (EOY)
- $820,254,242
- Employer contributions
- $27,923,046
- Participant contributions
- $17,317,200
- Total income / additions
- $156,416,991
- Benefits paid
- $33,257,912
- Administrative expenses
- $1,199,155
- Total expenses
- $35,061,195
- Net increase / (decrease)
- $121,355,796
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $408,074 | $0 |
| Morgan Stanley | NONE | $215,000 | not reported in the loaded dataset |
| E Craig Young | EMPLOYEE (WAGES PAID) | $67,811 | not reported in the loaded dataset |
| Sarah Padgett | EMPLOYEE (WAGES PAID) | $45,939 | not reported in the loaded dataset |
| Christina Mills-Turkaly | EMPLOYEE (WAGES PAID) | $42,980 | not reported in the loaded dataset |
| Mcclain Smith & Wenz Pc | AUDITOR OF PARENT ORGANIZ | $36,612 | not reported in the loaded dataset |
| Benesys Inc | NONE | $28,325 | not reported in the loaded dataset |
| Watkins Pawlick Calati & Prifti, Pc | NONE | $28,217 | not reported in the loaded dataset |
| Michelle Kersten | EMPLOYEE (WAGES PAID) | $25,400 | not reported in the loaded dataset |
| Solxsys Administrative Solutions | NONE | $22,368 | not reported in the loaded dataset |
| Auxiom | NONE | $8,244 | not reported in the loaded dataset |
| Union Services Agency | NONE | $6,620 | not reported in the loaded dataset |