2023 Form 5500 filing — Ibew Local 508 Health 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 20250414153655NAL0000837907004) for Ibew Local 508 Health Plan, reported by Ibew Local 508 Health Plan under EIN 23-7030261 and plan number 501. It reports 434 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250414153655NAL0000837907004
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Ibew Local 508 Health Plan
- EIN
- 23-7030261
- Plan number
- 501
- Location
- Atlanta, GA
- Participants
- 434
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,724,681
- Total liabilities (EOY)
- $258,909
- Net assets (EOY)
- $14,465,772
- Employer contributions
- $6,104,135
- Participant contributions
- $24,614
- Total income / additions
- $6,466,846
- Benefits paid
- $4,619,877
- Administrative expenses
- $148,353
- Total expenses
- $4,768,230
- Net increase / (decrease)
- $1,698,616
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Blue Shield Of Ga | NONE | $266,491 | $448,391 |
| National Employee Benefit Admin | NONE | $68,459 | not reported in the loaded dataset |
| Smith, Gambrell And Russell, Llp | NONE | $24,112 | not reported in the loaded dataset |
| Novak Francella LLC | NONE | $18,819 | not reported in the loaded dataset |
| Bha Consulting Service | NONE | $16,137 | not reported in the loaded dataset |