Ibew Local Union 306 Supplemental Health Benefit Fund — Form 5500 plan (Ibew Local Union 306)
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 306 Supplemental Health Benefit Fund is a benefit plan reported by Ibew Local Union 306 under EIN 34-0308380 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,089 participants and $8,953,540 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ibew Local Union 306
- EIN
- 34-0308380
- Plan number
- 501
- Plan type
- 1
- Location
- Canfield, OH
- Latest filing year
- 2023
- Participants
- 2,089
- End-of-year plan assets
- $8,953,540
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,089 | H, C | 20250308063005NAL0013099489001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,953,540
- Total liabilities (EOY)
- $57,686
- Net assets (EOY)
- $8,895,854
- Net assets (BOY)
- $7,950,978
Income & contributions
- Employer contributions
- $1,819,324
- Participant contributions
- $612,595
- Total contributions
- $2,431,919
- Total income / additions
- $3,010,340
Expenses & distributions
- Benefits paid
- $1,959,857
- Administrative expenses
- $105,607
- Total expenses
- $2,065,464
- Net increase / (decrease)
- $944,876
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Benesys Inc. | THIRD PARTY ADMINISTRATOR | $45,191 | not reported in the loaded dataset | 2023 |
| Fifth Third Asset Management | INVESTMENT CUSTODIAN | $21,499 | not reported in the loaded dataset | 2023 |
| Yurchyk & Davis Cpa'S, Inc. | AUDITOR | $9,900 | not reported in the loaded dataset | 2023 |
| Faulkner, Hoffman & Phillips | ATTORNEY | $8,063 | not reported in the loaded dataset | 2023 |
| Pnc Bank | BANKING SERVICES | $7,698 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Ibew Local Union 306
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Canfield, OH
- Benesys Inc. — Schedule C compensation
- Fifth Third Asset Management — Schedule C compensation
- Yurchyk & Davis Cpa'S, Inc. — Schedule C compensation
- Faulkner, Hoffman & Phillips — Schedule C compensation
- Pnc Bank — Schedule C compensation