South Calif Pipe Trades Pensioners' & Surviving Spouses Health Fund

“The organization's management duties, including accounting functions and payments of medical benefits, are performed by scpt administrative corporation.”

“The form 990 is reviewed by the chairman and co-chairman of the board of trustees, administrator and cfo, with assistance from the fund's auditor.”

“The board of trustees are fiduciaries who are obligated to comply with the employee retirement income security act of 1974 (erisa), a mandatory and detailed statutory, regulatory and federal common law addressing their duty as fiduciaries to identify, avoid and disclose conflicts of interest, as well as prohibited transactions. As required under erisa, the trustees annually evaluate and monitor potential conflicts in their retention and dealings with service providers and as other circumstances warrant. Trustees are expected to recuse themselves from deliberations when an unavoidable conflict exists.”

“The organization intends to comply with all requirements under federal law, including the tax code and the employee retirement income security act. It makes its governing documents, policies and financial statements available to all participants upon request. The general public has access to many documents through annual government filings made by the organization.”

“Compensation disclosures: the organization, which is an erisa employee benefit fund, is governed by an uncompensated board of trustees and has no officers or employees. The day-to-day management, administration, and operation of this fund is provided by a corporation, formed to provide these services to this and related benefit funds. The union trustees listed on part vii, section a have previously disclosed their compensation on their respective locals' lm-2 filings with the department of labor.”

“Trustee compensation information: the board of trustees are uncompensated by the organization. The union trustees listed on part vii, section a have previously disclosed their compensation on their respective locals' lm-2 filings with the department of labor.”

“Audit committee: the organization does not have a separate audit committee. However, the board of trustees and the finance committee have responsibility for oversight of the audit and the selection of independent accountants.”