2023 Form 5500 filing — Ibew Local 43 And Electrical Contractors 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 20250220145745NAL0009028544001) for Ibew Local 43 And Electrical Contractors Welfare Fund, reported by Ibew Local 43 & Electrical Contractors Welfare Fund Board Of Trustees under EIN 15-6025163 and plan number 501. It reports 1,350 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250220145745NAL0009028544001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local 43 & Electrical Contractors Welfare Fund Board Of Trustees
- EIN
- 15-6025163
- Plan number
- 501
- Location
- Syracuse, NY
- Participants
- 1,350
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $67,237,106
- Total liabilities (EOY)
- $2,517,139
- Net assets (EOY)
- $64,719,967
- Employer contributions
- $21,211,038
- Participant contributions
- $1,498,769
- Total income / additions
- $26,360,339
- Benefits paid
- $17,520,073
- Administrative expenses
- $914,996
- Total expenses
- $18,435,069
- Net increase / (decrease)
- $7,925,270
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Umr, Inc | NONE | $588,688 | $0 |
| The Segal Co. | NONE | $165,703 | $0 |
| Joseph W. Mccarthy & Assoc | NONE | $118,856 | not reported in the loaded dataset |
| Sheila J Fitzmaurice | PLAN ADMINISTRATOR | $111,479 | not reported in the loaded dataset |
| Stacy Braun Associates | NONE | $88,287 | not reported in the loaded dataset |
| Eliza Potekhin | EMPLOYEE | $63,026 | not reported in the loaded dataset |
| Blitman & King | NONE | $53,913 | not reported in the loaded dataset |
| Kevin Koval | EMPLOYEE | $42,500 | not reported in the loaded dataset |
| Bonadio & Co., Llp | NONE | $35,370 | not reported in the loaded dataset |
| Michelle Hotchkiss | EMPLOYEE | $33,867 | not reported in the loaded dataset |
| Simplified Computers | NONE | $29,837 | not reported in the loaded dataset |
| Employee Network, Inc. | NONE | $25,404 | not reported in the loaded dataset |
| Marco Consulting Group | NONE | $19,818 | not reported in the loaded dataset |
| Cassidy Chappini | EMPLOYEE | $16,947 | not reported in the loaded dataset |
| Us Bank | NONE | $5,790 | $0 |