Ufcw and Participating Employers

“Day-to-day management of the fund is contracted to london health administrators, a third party contract administrator. Contractual terms and conditions are evaluated and negotiated by the board on an annual basis.”

“The united food & commercial workers union local 328 and local 1445, as sponsoring organizations, have the authority to appoint three trustees and one or more alternate trustees to the organization's board. Similarly, the stop & shop supermarket company, as a sponsoring organization and a participating employer, can, on its behalf and on behalf of other contributing employers, appoint three trustees and one or more alternate trustees to the organization's board.”

“Form 990 is reviewed by the board and approved and accepted at the first board meeting subsequent to the preparation and filing of the return.”

“In connection with any actual or possible conflict of interest, trustess, fund employees and other interested persons must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the board of trustees and committees with board of trustees' delegated powers considering the proposed transaction or arrangement. After such disclosure, and after discussion with the interested person, the board of trustees shall decide if a conflict of interest exists. The chairperson of the board of trustees shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. If the board of trustees has reasonable cause to believe a person has failed to disclose actual or potential conflicts of interest, it shall afford the person the opportunity to explain the alleged failure to disclose, and if warranted, take appropriate disciplinary and corrective action. The minutes of the board of trustees shall reflect any disclosable or discovered potential or actual conflicts of interest, as well as actions taken regarding such matters.”

“The fund provides to each of its participants on an annual basis, a summary of the fund's financial status as required by erisa and makes available to its participants, upon request, any other governing documents or policies as required by erisa and the internal revenue service.”