2023 Form 5500 filing — Sheet Metal Workers Local 98 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 20241015114152NAL0028226129002) for Sheet Metal Workers Local 98 Welfare Fund, reported by Board Of Trustees - Sheet Metal Workers Local 98 Welfare Plan under EIN 31-4397633 and plan number 501. It reports 746 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015114152NAL0028226129002
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees - Sheet Metal Workers Local 98 Welfare Plan
- EIN
- 31-4397633
- Plan number
- 501
- Location
- Ona, WV
- Participants
- 746
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,120,627
- Total liabilities (EOY)
- $4,151,614
- Net assets (EOY)
- $8,969,013
- Employer contributions
- $9,970,303
- Participant contributions
- $477,980
- Total income / additions
- $11,089,887
- Benefits paid
- $4,979,369
- Administrative expenses
- $930,716
- Total expenses
- $5,910,085
- Net increase / (decrease)
- $5,179,802
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Community Insurance Company | PARTY-IN-INTEREST | $420,582 | $1,176 |
| American Benefit Corporation | TPA | $328,973 | not reported in the loaded dataset |
| Vision Service Plan | PARTY-IN-INTEREST | $66,095 | not reported in the loaded dataset |
| Segal Company | PARTY-IN-INTEREST | $60,000 | not reported in the loaded dataset |
| Ledbetter Partners Lcc | PARTY-IN-INTEREST | $34,800 | not reported in the loaded dataset |
| Delta Dental Of Ohio | BENEFIT ADMIN | $29,466 | not reported in the loaded dataset |
| Gray, Griffith & Mays, A.C. | PARTY-IN-INTEREST | $21,275 | not reported in the loaded dataset |
| Livongo Health, Inc | PARTY-IN-INTEREST | $18,905 | not reported in the loaded dataset |
| Keybank National Association | PARTY-IN-INTEREST | $13,182 | not reported in the loaded dataset |
| Marquette Associates | PARTY-IN-INTEREST | $6,000 | not reported in the loaded dataset |
| National Investment Services | PARTY-IN-INTEREST | $5,347 | not reported in the loaded dataset |