2023 Form 5500 filing — I.B.E.W. Local 540 Security 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 20241010100029NAL0009885987005) for I.B.E.W. Local 540 Security Plan, reported by I.B.E.W. Local No. 540 Security under EIN 34-0225473 and plan number 003. It reports 885 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010100029NAL0009885987005
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- I.B.E.W. Local No. 540 Security
- EIN
- 34-0225473
- Plan number
- 003
- Location
- Canfield, OH
- Participants
- 885
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $75,924,380
- Total liabilities (EOY)
- $29,645
- Net assets (EOY)
- $75,894,735
- Employer contributions
- $4,015,953
- Participant contributions
- $950,465
- Total income / additions
- $18,095,793
- Benefits paid
- $4,974,054
- Administrative expenses
- $320,519
- Total expenses
- $5,294,573
- Net increase / (decrease)
- $12,801,220
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services Inc. | INVESTMENT CONSULTANT | $86,298 | not reported in the loaded dataset |
| Empower | RECORDKEEPER | $59,251 | $0 |
| Macala & Piatt | ATTORNEY | $12,920 | not reported in the loaded dataset |
| Benesys Inc. | THIRD PARTY ADMINISTRATOR | $12,821 | not reported in the loaded dataset |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $8,900 | not reported in the loaded dataset |