Youngstown Area Electrical Welfare Fund — Form 5500 plan (Youngstown Area Electrical Welfare 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, Youngstown Area Electrical Welfare Fund is a benefit plan reported by Youngstown Area Electrical Welfare Fund Trustees under EIN 34-0835041 and plan number 501. The latest loaded filing year is 2023. The filing reports 340 participants and $6,790,605 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Youngstown Area Electrical Welfare Fund Trustees
- EIN
- 34-0835041
- Plan number
- 501
- Plan type
- 1
- Location
- Canfield, OH
- Latest filing year
- 2023
- Participants
- 340
- End-of-year plan assets
- $6,790,605
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 340 | H, C | 20241014150013NAL0013492579004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,790,605
- Total liabilities (EOY)
- $1,074,017
- Net assets (EOY)
- $5,716,588
- Net assets (BOY)
- $4,669,938
Income & contributions
- Employer contributions
- $4,353,242
- Participant contributions
- $81,887
- Total contributions
- $4,435,129
- Total income / additions
- $4,769,231
Expenses & distributions
- Benefits paid
- $3,515,956
- Administrative expenses
- $206,625
- Total expenses
- $3,722,581
- Net increase / (decrease)
- $1,046,650
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Anthem Blue Cross Blue Shield | CLAIMS PROCESSING | $178,593 | not reported in the loaded dataset | 2023 |
| Benesys, Inc. | THIRD PARTY ADMINISTRATOR | $68,410 | not reported in the loaded dataset | 2023 |
| Segal | BENEFIT CONSULTANT | $67,625 | not reported in the loaded dataset | 2023 |
| Pnc Bank | CUSTODIAN | $12,081 | not reported in the loaded dataset | 2023 |
| Green, Haines, Sgambati | ATTORNEY | $8,964 | not reported in the loaded dataset | 2023 |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $8,600 | not reported in the loaded dataset | 2023 |
| Faulkner, Hoffman & Phillips | ATTORNEY | $7,208 | not reported in the loaded dataset | 2023 |
| Parsons Risk Strategies, LLC | ACTUARY | $5,750 | not reported in the loaded dataset | 2023 |
| American Graphics Printing Co. | PRINTING SERVICES | $5,353 | 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 Youngstown Area Electrical Welfare Fund Trustees
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Canfield, OH
- Anthem Blue Cross Blue Shield — Schedule C compensation
- Benesys, Inc. — Schedule C compensation
- Segal — Schedule C compensation
- Pnc Bank — Schedule C compensation
- Green, Haines, Sgambati — Schedule C compensation
- Yurchyk & Davis Cpa'S, Inc — Schedule C compensation
- Faulkner, Hoffman & Phillips — Schedule C compensation
- Parsons Risk Strategies, LLC — Schedule C compensation
- American Graphics Printing Co. — Schedule C compensation
- Andco. Consulting — Schedule C compensation