Plan5500

Ibew Local No. 58 Annuity Fund — Form 5500 plan (Board Of Trustees Of The Ibew Local No. 58 Annuity 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 No. 58 Annuity Fund is a benefit plan reported by Board Of Trustees Of The Ibew Local No. 58 Annuity Fund under EIN 38-2749515 and plan number 002. The latest loaded filing year is 2023. The filing reports 6,289 participants and $820,744,775 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$820.3MPlan net assets, end of year$820,254,242
Participants6.3KCovered participants reported6,289
Assets / participant$130.5KComputed: assets ÷ participants$130,505 (computed)
Provider compensation$935.6K12 Schedule C provider row(s)$935,590
Plan sponsor
Board Of Trustees Of The Ibew Local No. 58 Annuity Fund
EIN
38-2749515
Plan number
002
Plan type
1
Location
Madison Heights, MI
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    6,289 participants · 1Sch HSch C
    View filing →
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)$820.7M total assets
Net assets$820.3MLiabilities$490.5K
Money in vs. money out
Total income / additions$156.4M
Total expenses$35.1M
Benefits paid / distributions$33.3M
Contributions
Employer$27.9M
Participant$17.3M
Full reported line items

Net assets

Total assets (EOY)
$820,744,775
Total liabilities (EOY)
$490,533
Net assets (EOY)
$820,254,242
Net assets (BOY)
$698,898,446

Income & contributions

Employer contributions
$27,923,046
Participant contributions
$17,317,200
Total contributions
$45,249,144
Total income / additions
$156,416,991

Expenses & distributions

Benefits paid
$33,257,912
Administrative expenses
$1,199,155
Total expenses
$35,061,195
Net increase / (decrease)
$121,355,796
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.

Contribution share (employer vs. participant)
Employer 62%Participant 38%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company$408.1K
    NONE · Direct $408.1K · Indirect $0
  2. 2
    Morgan Stanley$215K
    NONE · Direct $215K
  3. 3
    E Craig Young$67.8K
    EMPLOYEE (WAGES PAID) · Direct $67.8K
  4. 4
    Sarah Padgett$45.9K
    EMPLOYEE (WAGES PAID) · Direct $45.9K
  5. 5
    Christina Mills-Turkaly$43K
    EMPLOYEE (WAGES PAID) · Direct $43K
  6. 6
    Mcclain Smith & Wenz Pc$36.6K
    AUDITOR OF PARENT ORGANIZ · Direct $36.6K
  7. 7
    Benesys Inc$28.3K
    NONE · Direct $28.3K
  8. 8
    Watkins Pawlick Calati & Prifti, Pc$28.2K
    NONE · Direct $28.2K
  9. 9
    Michelle Kersten$25.4K
    EMPLOYEE (WAGES PAID) · Direct $25.4K
  10. 10
    Solxsys Administrative Solutions$22.4K
    NONE · Direct $22.4K
  11. 11
    Auxiom$8.2K
    NONE · Direct $8.2K
  12. 12
    Union Services Agency$6.6K
    NONE · Direct $6.6K

What to inspect next

Frequently asked questions

Who sponsors the Ibew Local No. 58 Annuity Fund?
Ibew Local No. 58 Annuity Fund is reported as sponsored by Board Of Trustees Of The Ibew Local No. 58 Annuity Fund (EIN 38-2749515, plan number 002) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Ibew Local No. 58 Annuity Fund?
The latest Form 5500 filing year loaded for Ibew Local No. 58 Annuity Fund is 2023.
How many participants does Ibew Local No. 58 Annuity Fund report?
Ibew Local No. 58 Annuity Fund reports 6,289 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Ibew Local No. 58 Annuity Fund?
Ibew Local No. 58 Annuity Fund reports $820,744,775 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages