Ibew Local 665 Supplemental Supplemental Unemployment Benefit

“Line 2 - the relationship between the trustees of the fund is a "business relationship." the fund is established and maintained pursuant to the employee retirement income security act of 1974, as amended. The fund, as a taft-hartley fund, is administered by a board of trustees composed of an equal number of union and employer representatives. Because of this organizational requirement, there is a business relationship between the trustees. Line 12b - annually each trustee must answer the fiduciary liability insurance renewal questionnaire which contains questions regarding potential and actual conflicts of interest.”

“The employer trustees are appointed by the lansing division, michigan chapter, national electrical contractors association, inc. (the employer associations representing contributing employers to the fund). The union trustees are appointed by the local no. 665, international brotherhood of electrical workers.”

“The form 990 is presented and approved at a meeting of the board of trustees, subject to the review and approval of the fund's legal counsel.”

“The fund monitors and enforces compliance with its policy in accordance with the requirements of the employee retirement income security act of 1974, as amended.”

“The fund is established and maintained pursuant to the employee retirement income security act of 1974, as amended. It operates in compliance with the reporting and disclosure requirements of subtitle b, part 1 of erisa with respect to disclosure of its governing documents and financial information. It operates in compliance with the fiduciary responsibility requirements of subtitle b, part 4 of erisa.”

“Line 1a - thomas eastwood, thomas hollandsworth, michael smith, bryan benton, aaron pangborn and blake smith served as trustees of the fund without compensation from the fund for those services. However, thomas eastwood and aaron pangborn were compensated as employees of ibew local 665, which is a contributing employer to the fund, and bryan benton was compensated as an employee of michigan chapter neca, which is a sponsoring organization of the trust and, as such, "related organizations" as that term is defined in the instructions.”