I.B.E.W. Local 540 Security Plan — Form 5500 plan (I.B.E.W. Local No. 540 Security)
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, I.B.E.W. Local 540 Security Plan is a benefit plan reported by I.B.E.W. Local No. 540 Security under EIN 34-0225473 and plan number 003. The latest loaded filing year is 2023. The filing reports 885 participants and $75,924,380 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- I.B.E.W. Local No. 540 Security
- EIN
- 34-0225473
- Plan number
- 003
- Plan type
- 1
- Location
- Canfield, OH
- Latest filing year
- 2023
- Participants
- 885
- End-of-year plan assets
- $75,924,380
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 885 | H, C | 20241010100029NAL0009885987005 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $75,924,380
- Total liabilities (EOY)
- $29,645
- Net assets (EOY)
- $75,894,735
- Net assets (BOY)
- $63,093,515
Income & contributions
- Employer contributions
- $4,015,953
- Participant contributions
- $950,465
- Total contributions
- $4,966,418
- Total income / additions
- $18,095,793
Expenses & distributions
- Benefits paid
- $4,974,054
- Administrative expenses
- $320,519
- Total expenses
- $5,294,573
- Net increase / (decrease)
- $12,801,220
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ubs Financial Services Inc. | INVESTMENT CONSULTANT | $86,298 | not reported in the loaded dataset | 2023 |
| Empower | RECORDKEEPER | $59,251 | $0 | 2023 |
| Macala & Piatt | ATTORNEY | $12,920 | not reported in the loaded dataset | 2023 |
| Benesys Inc. | THIRD PARTY ADMINISTRATOR | $12,821 | not reported in the loaded dataset | 2023 |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $8,900 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for I.B.E.W. Local No. 540 Security
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Canfield, OH
- Ubs Financial Services Inc. — Schedule C compensation
- Empower — Schedule C compensation
- Macala & Piatt — Schedule C compensation
- Benesys Inc. — Schedule C compensation
- Yurchyk & Davis Cpa'S, Inc — Schedule C compensation