Ibew Local Union 697 Sub Fund — Form 5500 plan (Board Of Trustees Ibew Local Union 697 Sub Fund)
Plain-English plan 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, Ibew Local Union 697 Sub Fund is a benefit plan reported by Board Of Trustees Ibew Local Union 697 Sub Fund under EIN 03-0545014 and plan number 503. The latest loaded filing year is 2023. The filing reports 1,324 participants and $2,642,242 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$2.6MPlan net assets, end of year$2,630,505
Participants1.3KCovered participants reported1,324
Assets / participant$2KComputed: assets ÷ participants$1,996 (computed)
Provider compensation$24.2K2 Schedule C provider row(s)$24,167
- Plan sponsor
- Board Of Trustees Ibew Local Union 697 Sub Fund
- EIN
- 03-0545014
- Plan number
- 503
- Plan type
- 1
- Location
- Merrillville, IN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,324 | H, C | 20241009131122NAL0009231715001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$2.6M total assets
Net assets$2.6MLiabilities$11.7K
Full reported line items
Net assets
- Total assets (EOY)
- $2,642,242
- Total liabilities (EOY)
- $11,737
- Net assets (EOY)
- $2,630,505
- Net assets (BOY)
- $2,306,614
Income & contributions
- Employer contributions
- $466,078
- Total contributions
- $466,078
- Total income / additions
- $623,951
Expenses & distributions
- Benefits paid
- $196,226
- Administrative expenses
- $103,834
- Total expenses
- $300,060
- Net increase / (decrease)
- $323,891
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income31%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Legacy Professionals Llp | NONE | $16,593 | not reported in the loaded dataset | 2023 |
| Hagberg & Associates, P.C. | NONE | $7,574 | not reported in the loaded dataset | 2023 |