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Original filing (PDF)20231227094506NAL0004977619001
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND
Form 5500
FILING_RECEIVED
IBEW LOCAL NO. 58 ANNUITY FUND
401(k) retirement plan
Signals · 3
Late filing · 1.4 moNo recordkeeper disclosed9 service providers
Active participants
5,719
Accounts w/ balance
6,289
Plan assets (EOY)
$699.3M
Net assets (EOY)
$698.9M
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
94
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Filed 1.4 months past the 10.5-month grace window.
- 14 bps in Schedule C fees — 137% above peer band of 6 bps.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND.
Plan sponsor
Name
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND
EIN
38-2749515
Address
PO BOX 71337 · MADISON HEIGHTS, MI · 480710337
Phone
(586) 575-9200
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2022
Plan year begin
2022-01-01
Tax period
2022-12-31
Filed
2023-12-27
Pension benefit codes
2E · Profit-sharing
2G · Total participant-directed accounts
2J · 401(k) feature
2T · Default investment account (QDIA)
2F · ERISA section 404(c)
Audit & trust (Schedule H)
Auditor
MCCLAIN SMITH & WENZ PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MCCLAIN SMITH & WENZ PC | 38-3382520 | TROY, MI | AUDITOR OF PARENT ORGANIZ | $33K | — |
Other
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | NONE | $410K | — |
| MORGAN STANLEY | 94-1671384 | — | NONE | $319K | — |
| SARAH MUELLER | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $73K | — |
| E CRAIG YOUNG | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $63K | — |
| BENESYS INC | 38-2383171 | TROY, MI | NONE | $31K | — |
| WATKINS PAWLICK CALATI & PRIFTI, PC | — | MADISON HEIGHTS, MI | NONE | $29K | — |
| SARAH PADGETT | 38-2749515 | MADISON HEIGHTS, MI | EMPLOYEE (WAGES PAID) | $29K | — |
| UNION SERVICES AGENCY | — | LANSING, MI | NONE | $7K | — |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.