Ibew Local No. 58 Annuity Fund — Form 5500 plan (Board Of Trustees Of The Ibew Local No. 58 Annuity Fund)
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 No. 58 Annuity Fund is a benefit plan reported by Board Of Trustees Of The Ibew Local No. 58 Annuity Fund under EIN 38-2749515 and plan number 002. The latest loaded filing year is 2023. The filing reports 6,289 participants and $820,744,775 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Board Of Trustees Of The Ibew Local No. 58 Annuity Fund
- EIN
- 38-2749515
- Plan number
- 002
- Plan type
- 1
- Location
- Madison Heights, MI
- Latest filing year
- 2023
- Participants
- 6,289
- End-of-year plan assets
- $820,744,775
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 6,289 | H, C | 20250320081507NAL0003370563001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $820,744,775
- Total liabilities (EOY)
- $490,533
- Net assets (EOY)
- $820,254,242
- Net assets (BOY)
- $698,898,446
Income & contributions
- Employer contributions
- $27,923,046
- Participant contributions
- $17,317,200
- Total contributions
- $45,249,144
- Total income / additions
- $156,416,991
Expenses & distributions
- Benefits paid
- $33,257,912
- Administrative expenses
- $1,199,155
- Total expenses
- $35,061,195
- Net increase / (decrease)
- $121,355,796
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $408,074 | $0 | 2023 |
| Morgan Stanley | NONE | $215,000 | not reported in the loaded dataset | 2023 |
| E Craig Young | EMPLOYEE (WAGES PAID) | $67,811 | not reported in the loaded dataset | 2023 |
| Sarah Padgett | EMPLOYEE (WAGES PAID) | $45,939 | not reported in the loaded dataset | 2023 |
| Christina Mills-Turkaly | EMPLOYEE (WAGES PAID) | $42,980 | not reported in the loaded dataset | 2023 |
| Mcclain Smith & Wenz Pc | AUDITOR OF PARENT ORGANIZ | $36,612 | not reported in the loaded dataset | 2023 |
| Benesys Inc | NONE | $28,325 | not reported in the loaded dataset | 2023 |
| Watkins Pawlick Calati & Prifti, Pc | NONE | $28,217 | not reported in the loaded dataset | 2023 |
| Michelle Kersten | EMPLOYEE (WAGES PAID) | $25,400 | not reported in the loaded dataset | 2023 |
| Solxsys Administrative Solutions | NONE | $22,368 | not reported in the loaded dataset | 2023 |
| Auxiom | NONE | $8,244 | not reported in the loaded dataset | 2023 |
| Union Services Agency | NONE | $6,620 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Board Of Trustees Of The Ibew Local No. 58 Annuity Fund
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Madison Heights, MI
- Empower Annuity Insurance Company — Schedule C compensation
- Morgan Stanley — Schedule C compensation
- E Craig Young — Schedule C compensation
- Sarah Padgett — Schedule C compensation
- Christina Mills-Turkaly — Schedule C compensation
- Mcclain Smith & Wenz Pc — Schedule C compensation
- Benesys Inc — Schedule C compensation
- Watkins Pawlick Calati & Prifti, Pc — Schedule C compensation
- Michelle Kersten — Schedule C compensation
- Solxsys Administrative Solutions — Schedule C compensation
- Auxiom — Schedule C compensation
- Union Services Agency — Schedule C compensation