The Iam Local 2848 Ford Retirees

“There are no formal committees as part of the organization. Any group of individuals working on any aspect of the trust must present their findings to the full board for approval. All documentation is done by the governing body of the trust and is referenced in question 8a.”

“The preparer presents form 990 to the board committee members of the organization. The committee members will then review the prepared tax return and respond back to the preparer with any points of discussion. Once addressed, any points of discussion are reviewed and the completed tax return is presented to the full board of committee members and trustees and reviewed prior to submission to the internal revenue service.”

“Each board trustee and committee member is required to disclose on an annual certification statement that they are independent of trust operations. If they are not independent they must disclose in writing to the board the nature of any existing conflict. A list of all active vendors will be presented to each member to identify potential conflicts. Additionally prior to engaging any new vendors a similar inquiry will be made of trustees and committee members.”

“The trust does not employ an executive director as listed in question 15a. The only pay provided by the veba is a per diem rate per meeting for both the committee members and the trustees and certain expense reimbursements for the trustees. When those rates are established or changed, the committee members will discuss and vote on behalf of the trustees and the trustees will discuss and vote on behalf of the committee members. Neither governing body is permitted to vote on items affecting their own pay or expense rates.”

“Documents are available upon formal written request to the plan sponsor's administrative office. Additionally income tax filings are available on various not-for-profit organization public internet websites.”