2023 Form 5500 filing — Ibew Local Union 306 Supplemental Health Benefit 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 20250308063005NAL0013099489001) for Ibew Local Union 306 Supplemental Health Benefit Fund, reported by Ibew Local Union 306 under EIN 34-0308380 and plan number 501. It reports 2,089 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250308063005NAL0013099489001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local Union 306
- EIN
- 34-0308380
- Plan number
- 501
- Location
- Canfield, OH
- Participants
- 2,089
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,953,540
- Total liabilities (EOY)
- $57,686
- Net assets (EOY)
- $8,895,854
- Employer contributions
- $1,819,324
- Participant contributions
- $612,595
- Total income / additions
- $3,010,340
- Benefits paid
- $1,959,857
- Administrative expenses
- $105,607
- Total expenses
- $2,065,464
- Net increase / (decrease)
- $944,876
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Benesys Inc. | THIRD PARTY ADMINISTRATOR | $45,191 | not reported in the loaded dataset |
| Fifth Third Asset Management | INVESTMENT CUSTODIAN | $21,499 | not reported in the loaded dataset |
| Yurchyk & Davis Cpa'S, Inc. | AUDITOR | $9,900 | not reported in the loaded dataset |
| Faulkner, Hoffman & Phillips | ATTORNEY | $8,063 | not reported in the loaded dataset |
| Pnc Bank | BANKING SERVICES | $7,698 | not reported in the loaded dataset |