2023 Form 5500 filing — International Brotherhood Of Electrical Workers Local Union 98 - Profit Sharing 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 20241014070630NAL0026741649001) for International Brotherhood Of Electrical Workers Local Union 98 - Profit Sharing Plan, reported by Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan under EIN 23-2289872 and plan number 002. It reports 4,669 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014070630NAL0026741649001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
- EIN
- 23-2289872
- Plan number
- 002
- Location
- Philadelphia, PA
- Participants
- 4,669
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,126,483,012
- Total liabilities (EOY)
- $245,406
- Net assets (EOY)
- $1,126,237,606
- Employer contributions
- $65,812,299
- Total income / additions
- $225,111,457
- Benefits paid
- $56,182,762
- Administrative expenses
- $701,610
- Total expenses
- $57,051,408
- Net increase / (decrease)
- $168,060,049
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Prudential Retirement Ins & Ann Co | NONE | $231,407 | $0 |
| Frank M. Vaccaro & Associates | NONE | $104,216 | not reported in the loaded dataset |
| Cleary, Josem & Trigiani Llp | NONE | $71,289 | not reported in the loaded dataset |
| Segal Marco Advisors | NONE | $50,790 | not reported in the loaded dataset |
| Novak Francella LLC | NONE | $47,760 | not reported in the loaded dataset |
| Ibew Local 98 | NONE | $17,362 | not reported in the loaded dataset |