H&Gl Local Unions 472 & 172 Set Fund

“The plan is jointly administered by trustees. The employee trustees are appointed by the unions and the employer trustees are appointed by the employer associations per the agreement and declaration of trust of the plan.”

“A trustee may be removed at any time by the party which appointed the trustee per the agreement and declaration of trust of the plan.”

“The prepared form 990 was reviewed by the trustees and certain officers at the february 5, 2026 trustee meeting before it was filed with the irs. The review was conducted by the preparer's firm and a summary of the form and required schedules was given. A brief discussion followed and any questions by the trustees, etc. Were addressed.”

“Officers, directors or trustees, and key employees are covered under the policy. Any persons with an actual or possible conflict are prohibited from participating in the board of trustees' deliberations and decisions in the transaction. The remaining members of the board of trustees make determinations of whether a conflict exists. The board of trustees or, if appropriate, an appointed disinterested person or committee review any actual conflicts. To ensure the fund operates in a manner consistent with its purpose and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects:a. Whether compensation arrangements and benefits are reasonable.b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the fund's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, do not result in inurement, impermissable private benefit, or in an excess benefit transaction.when conducting the periodic reviews as provided, the fund may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.an annual acknowledgment of conflict of interest policy is obtained from each member of the board of trustees and all officers and directors.”

“The fund's agreement and declaration of trust (governing document) and the conflict of interest policy is not available to the general public, but is available to participants and participating employers upon request from the fund's office. The fund files an annual financial report with the us department of labor which can be obtained upon request from the fund's office or from the united states department of labor public disclosure room.”

“The trustees listed in part vii, section a do not receive compensation from the organization or any related tax-exempt organization listed in part ii of schedule r in their capacity as trustees of the organization. Certain trustees listed in part vii, section a do receive compensation from not for profit organizations in their capacity as officers and employees of those organizations.”