2023 Form 5500 filing — Local Union No 306 Ibew Pension Annuity 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 20241010103007NAL0020822977001) for Local Union No 306 Ibew Pension Annuity Plan, reported by Local Union 306 Ibew Pension Annuity Fund Trustees under EIN 34-6689590 and plan number 001. It reports 1,389 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010103007NAL0020822977001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Local Union 306 Ibew Pension Annuity Fund Trustees
- EIN
- 34-6689590
- Plan number
- 001
- Location
- Canfield, OH
- Participants
- 1,389
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $263,263,297
- Net assets (EOY)
- $263,263,297
- Employer contributions
- $10,844,417
- Total income / additions
- $49,945,804
- Benefits paid
- $18,137,318
- Administrative expenses
- $310,531
- Total expenses
- $18,447,849
- Net increase / (decrease)
- $31,497,955
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $95,669 | $0 |
| Ubs Financial Services Inc | INVESTMENT CONSULTANT | $80,000 | not reported in the loaded dataset |
| Benesys, Inc | THIRD PARTY ADMINISTRATOR | $35,101 | not reported in the loaded dataset |
| Andco Consulting | INVESTMENT CONSULTANT | $26,000 | not reported in the loaded dataset |
| Faulkner, Hoffman & Phillips, LLC | ATTORNEY | $15,005 | not reported in the loaded dataset |
| City Printing | PRINTING SERVICES | $10,840 | not reported in the loaded dataset |
| Yurchyk & Davis Cpas Inc | AUDITOR | $10,600 | not reported in the loaded dataset |