Illinois Bankers Group Insurance Trust — Form 5500 plan (Illinois Bankers Association)
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, Illinois Bankers Group Insurance Trust is a benefit plan reported by Illinois Bankers Association under EIN 36-3215107 and plan number 501. The latest loaded filing year is 2023. The filing reports 1,817 participants and $7,103,329 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Illinois Bankers Association
- EIN
- 36-3215107
- Plan number
- 501
- Plan type
- 3
- Location
- Springfield, IL
- Latest filing year
- 2023
- Participants
- 1,817
- End-of-year plan assets
- $7,103,329
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,817 | H, C | 20250115172652NAL0022050369003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,103,329
- Total liabilities (EOY)
- $2,278,167
- Net assets (EOY)
- $4,825,162
- Net assets (BOY)
- $5,582,524
Income & contributions
- Employer contributions
- $22,478,005
- Total contributions
- $22,478,005
- Total income / additions
- $22,834,111
Expenses & distributions
- Benefits paid
- $22,841,532
- Administrative expenses
- $749,941
- Total expenses
- $23,591,473
- Net increase / (decrease)
- -$757,362
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Illinois Bankers Association | PLAN ADMINISTRATOR | $134,381 | not reported in the loaded dataset | 2023 |
| Clemens & Associates Life Agency | NONE | $130,000 | not reported in the loaded dataset | 2023 |
| Giffin, Winning, Cohen & Bodewes Pc | NONE | $21,963 | not reported in the loaded dataset | 2023 |
| Great Lakes Advisors | NONE | $19,804 | not reported in the loaded dataset | 2023 |
| Kerber, Eck & Braeckel | NONE | $19,250 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Illinois Bankers Association
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Springfield, IL
- Illinois Bankers Association — Schedule C compensation
- Clemens & Associates Life Agency — Schedule C compensation
- Giffin, Winning, Cohen & Bodewes Pc — Schedule C compensation
- Great Lakes Advisors — Schedule C compensation
- Kerber, Eck & Braeckel — Schedule C compensation