Ibew Local 38 401(K) Retirement Plan — Form 5500 plan (Ibew Local 38 401(K) Retirement 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, Ibew Local 38 401(K) Retirement Plan is a benefit plan reported by Ibew Local 38 401(K) Retirement Plan under EIN 34-1619944 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,121 participants and $146,515,890 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local 38 401(K) Retirement Plan
- EIN
- 34-1619944
- Plan number
- 001
- Plan type
- 1
- Location
- Cleveland, OH
- Latest filing year
- 2023
- Participants
- 2,121
- End-of-year plan assets
- $146,515,890
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,121 | H, C | 20241014153009NAL0052912978011 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $146,515,890
- Total liabilities (EOY)
- $238,034
- Net assets (EOY)
- $146,277,856
- Net assets (BOY)
- $127,455,870
Income & contributions
- Employer contributions
- $6,027,179
- Participant contributions
- $6,236,467
- Total contributions
- $12,263,646
- Total income / additions
- $30,229,287
Expenses & distributions
- Benefits paid
- $10,639,361
- Administrative expenses
- $557,381
- Total expenses
- $11,407,301
- Net increase / (decrease)
- $18,821,986
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ibew Local 38 Fringe Benefit Fund | COLLECTION FUND | $103,546 | not reported in the loaded dataset | 2023 |
| Transamerica Retirement Solutions | RECORD KEEPER | $95,437 | $0 | 2023 |
| Segal Marco Advisors | INVESTMENT CONSULTANT | $40,000 | not reported in the loaded dataset | 2023 |
| Allotta Farley Co., Lpa | ATTORNEY | $22,338 | not reported in the loaded dataset | 2023 |
| Yurchyk & Davis Cpa'S, Inc. | AUDITOR | $12,900 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Local 38 401(K) Retirement Plan
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Cleveland, OH
- Ibew Local 38 Fringe Benefit Fund — Schedule C compensation
- Transamerica Retirement Solutions — Schedule C compensation
- Segal Marco Advisors — Schedule C compensation
- Allotta Farley Co., Lpa — Schedule C compensation
- Yurchyk & Davis Cpa'S, Inc. — Schedule C compensation