International Brotherhood Of Electrical Workers Local Union 98 - Profit Sharing Plan — Form 5500 plan (Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan)
Plain-English plan 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, International Brotherhood Of Electrical Workers Local Union 98 - Profit Sharing Plan is a benefit plan reported by Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan under EIN 23-2289872 and plan number 002. The latest loaded filing year is 2023. The filing reports 4,669 participants and $1,126,483,012 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
- EIN
- 23-2289872
- Plan number
- 002
- Plan type
- 1
- Location
- Philadelphia, PA
- Latest filing year
- 2023
- Participants
- 4,669
- End-of-year plan assets
- $1,126,483,012
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 4,669 | H, C | 20241014070630NAL0026741649001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,126,483,012
- Total liabilities (EOY)
- $245,406
- Net assets (EOY)
- $1,126,237,606
- Net assets (BOY)
- $958,177,557
Income & contributions
- Employer contributions
- $65,812,299
- Total contributions
- $65,812,351
- Total income / additions
- $225,111,457
Expenses & distributions
- Benefits paid
- $56,182,762
- Administrative expenses
- $701,610
- Total expenses
- $57,051,408
- Net increase / (decrease)
- $168,060,049
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Prudential Retirement Ins & Ann Co | NONE | $231,407 | $0 | 2023 |
| Frank M. Vaccaro & Associates | NONE | $104,216 | not reported in the loaded dataset | 2023 |
| Cleary, Josem & Trigiani Llp | NONE | $71,289 | not reported in the loaded dataset | 2023 |
| Segal Marco Advisors | NONE | $50,790 | not reported in the loaded dataset | 2023 |
| Novak Francella LLC | NONE | $47,760 | not reported in the loaded dataset | 2023 |
| Ibew Local 98 | NONE | $17,362 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Philadelphia, PA
- Prudential Retirement Ins & Ann Co — Schedule C compensation
- Frank M. Vaccaro & Associates — Schedule C compensation
- Cleary, Josem & Trigiani Llp — Schedule C compensation
- Segal Marco Advisors — Schedule C compensation
- Novak Francella LLC — Schedule C compensation
- Ibew Local 98 — Schedule C compensation