Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund — Form 5500 plan (Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees)
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, Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund is a benefit plan reported by Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees under EIN 31-1516748 and plan number 002. The latest loaded filing year is 2023. The filing reports 420 participants and $30,087,338 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees
- EIN
- 31-1516748
- Plan number
- 002
- Plan type
- 1
- Location
- Canfield, OH
- Latest filing year
- 2023
- Participants
- 420
- End-of-year plan assets
- $30,087,338
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 420 | H, C | 20241010113008NAL0019993409003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,087,338
- Net assets (EOY)
- $30,087,338
- Net assets (BOY)
- $26,635,100
Income & contributions
- Participant contributions
- $1,353,885
- Total contributions
- $1,353,885
- Total income / additions
- $6,093,177
Expenses & distributions
- Benefits paid
- $2,515,068
- Administrative expenses
- $68,120
- Total expenses
- $2,640,939
- Net increase / (decrease)
- $3,452,238
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $26,026 | $0 | 2023 |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $7,900 | not reported in the loaded dataset | 2023 |
| Benesys | THIRD PARTY ADMINISTRATOR | $7,435 | not reported in the loaded dataset | 2023 |
| City Printing | PRINTING SERVICES | $5,889 | not reported in the loaded dataset | 2023 |
| Andco Consulting | INVESTMENT CONSULTANT | $5,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Canfield, OH
- Empower Annuity Insurance Company — Schedule C compensation
- Yurchyk & Davis Cpa'S, Inc — Schedule C compensation
- Benesys — Schedule C compensation
- City Printing — Schedule C compensation
- Andco Consulting — Schedule C compensation