2023 Form 5500 filing — Youngstown Area Electrical Welfare Fund
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 20241014150013NAL0013492579004) for Youngstown Area Electrical Welfare Fund, reported by Youngstown Area Electrical Welfare Fund Trustees under EIN 34-0835041 and plan number 501. It reports 340 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014150013NAL0013492579004
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Youngstown Area Electrical Welfare Fund Trustees
- EIN
- 34-0835041
- Plan number
- 501
- Location
- Canfield, OH
- Participants
- 340
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,790,605
- Total liabilities (EOY)
- $1,074,017
- Net assets (EOY)
- $5,716,588
- Employer contributions
- $4,353,242
- Participant contributions
- $81,887
- Total income / additions
- $4,769,231
- Benefits paid
- $3,515,956
- Administrative expenses
- $206,625
- Total expenses
- $3,722,581
- Net increase / (decrease)
- $1,046,650
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Anthem Blue Cross Blue Shield | CLAIMS PROCESSING | $178,593 | not reported in the loaded dataset |
| Benesys, Inc. | THIRD PARTY ADMINISTRATOR | $68,410 | not reported in the loaded dataset |
| Segal | BENEFIT CONSULTANT | $67,625 | not reported in the loaded dataset |
| Pnc Bank | CUSTODIAN | $12,081 | not reported in the loaded dataset |
| Green, Haines, Sgambati | ATTORNEY | $8,964 | not reported in the loaded dataset |
| Yurchyk & Davis Cpa'S, Inc | AUDITOR | $8,600 | not reported in the loaded dataset |
| Faulkner, Hoffman & Phillips | ATTORNEY | $7,208 | not reported in the loaded dataset |
| Parsons Risk Strategies, LLC | ACTUARY | $5,750 | not reported in the loaded dataset |
| American Graphics Printing Co. | PRINTING SERVICES | $5,353 | not reported in the loaded dataset |
| Andco. Consulting | INVESTMENT CONSULTANT | $5,000 | not reported in the loaded dataset |