2023 Form 5500 filing — I.B.E.W. Local No. 704 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240926091635NAL0000416593003) for I.B.E.W. Local No. 704 401(K) Plan, reported by Board Of Trustees Ibew Local 704 Retirement Income Plan under EIN 42-0328998 and plan number 002. It reports 221 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926091635NAL0000416593003
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees Ibew Local 704 Retirement Income Plan
- EIN
- 42-0328998
- Plan number
- 002
- Location
- Moline, IL
- Participants
- 221
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,622,582
- Total liabilities (EOY)
- $19,169
- Net assets (EOY)
- $43,603,413
- Employer contributions
- $1,984,896
- Participant contributions
- $165,093
- Total income / additions
- $7,749,053
- Benefits paid
- $4,181,590
- Administrative expenses
- $121,489
- Total expenses
- $4,303,079
- Net increase / (decrease)
- $3,445,974
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Matrix Trust Company | NONE | $44,866 | $0 |
| Schuchat, Cook, & Werner | NONE | $20,870 | not reported in the loaded dataset |
| Investment Consulting Group, Inc. | NONE | $17,000 | not reported in the loaded dataset |
| Rj Lee & Associates L.C. | NONE | $12,942 | not reported in the loaded dataset |
| Calibre Cpa Group, Pllc | NONE | $12,500 | not reported in the loaded dataset |