Michiana Area Electrical Workers Health & Welfare

“Line 2 - family relationship or business relationship - 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 which is composed of and equal number of union and employer representatives, becasue of this organizational requirement, there is a business relationship between the trustees. Line 12 - annually, each trustee must answer the fiduciary liability insurance renewal questionaire, which contains questions regarding potential and actual conflicts of interest. Line 15 - the fund did not have a ceo, executive director, or top management official, or other officer or key employees, as those terms are defined.”

“All board members are elected by the membership into officer positions, from which they hold their trusteeship.”

“The form 990 is presented and approved at a meeting of the board of trustees, subject to approval by and review of the fund's legal counsel. In addition, each trustee is provided a copy of the fund's final form 990 (including required schedules), as ultimately filed with the irs.”

“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 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. The fund does not have a conflicts of interest policy.”

“Line 1a - stanley miles served as a trustee of the fund without compensation from the fund for those services. However, he was compensated as an employee of ibew local 153, which was a contributing employer to the fund, and as such, a "related organization" as that term is defined in the instructions.”