Iron Workers District Council of Western New York & Vicinity Suppl

“Hl stephenson 8 king road churchville, ny 14428 alan swanson 154 humboldt street rochester, ny 14610 john gorczynski 4522 wetzel road liverpool, ny 13090 thomas p. Thomas 801 varick street utica, ny 13502”

“Form 990 is presented to each trustee for their review prior to filing.”

“The plan regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting that an annual acknowledgement form be signed and submitted by each trustee. If any potential conflicts are disclosed, the trustees will determine whether further facts and follow-up questions are necessary to determine if a conflict of interest exists. In addition, on an annual basis, management reminds each individual who is subject to the policy of the need to avoid any business conflicts with the plan and to divulge immediately any matter which may give rise to a conflict.”

“The chairperson of the board of trustees and a second trustee determine the compensation package for the administrative manager, which is then approved by the full board of trustees.”

“The chairperson of the board of trustees and a second trustee determine the compensation package for any other key employees, which is then approved by the full board of trustees.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“The administrative manager receives compensation and benefits from an unrelated benefit fund. Such expense is allocated in part to this fund under a cost sharing agreement.”

“Transfer of net assets from unrelated fund 2,719,542 total 2,719,542 the board of trustees has entered into an agreement with the iron workers local union no. 9 supplemental benefit plan (local 9 sbtf), ein 16-1399702, whereby the participants in the local 9 sbtf become participants in this plan effective july 1, 2016. The local 9 sbtf is a defined contribution multiemployer health and welfare plan which covers all eligible members of iron workers local no. 9, which generally covers the geographical area of niagara falls, new york. The net assets of the local 9 sbtf were transferred to this plan in june 2016. Net assets of the local 9 sbtf transferred at june 30, 2016 consist of cash, marketable securities, and employer contributions receivable. No liabilities were transferred, as all material obligations were satisfied at june 30, 2016. Effective july 1, 2016 this plan will be referred to as iron workers district council of western new york and vicinity supplemental benefit fund.”