Boilermakers National Health & Welfare

“The organization's governing body is composed of 16 voting members. Of these members, eight are designated as 'executive committe,' with the remaining eight members designated as 'regular board members.' according to the organization's bylaws, all board members have the authority to vote on most organizational matters. The voting rights are detailed in the organization's corporate documents and bylaws.”

“The board is appointed by the bargaining organizations, 50% by the employers and 50% by the union.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the return is available, it is provided to management for review before being provided to the governing body for review before filing with the irs.”

“The organization does require annual disclosures for potential conflicts of interest of any potential or actual conflicts of interest, which are reviewed by the organization. The affected trustee or employee must cease participation in the decision or transaction until it is determined that the affected trustee or employee may continue to participate in the decision or transaction. Potential or actual conflicts of interest are also reviewed for compliance with erisa requirements. The organization does require full disclosure for potential conflicts of interest when conducting searches for new vendors and service providers.”

“The organization makes its financial statements and conflict of interest policy available upon request. The plan and trust documents and summary annual report are on the website and available upon request.”

“The following trustees are compensated by a non-profit related organization and compensation information will be made available upon request. John t. Fultz, union trustee - secretary anthony howell, union trustee - asst. Secretary daniel decarlo, union trustee william mulconnery, union trustee christopher o'neill, union trustee timothy jefferies, union trustee timothy simmons, union trustee luis miramontes, union trustee luke voigt, union trustee michael stanton, union trustee”

“Effective 01/01/2024 a. Increased dental and orthodontia benefit to 100% of covered expenses up to an annual benefit limit of $2,000 when incurred by in-network and premier providers. Orthodontia benefit also is no longer limited to dependent children. B. Increased benefit for insulin medications to be payable at 100% of covered expenses ($0 copayment) effective 07/01/2024 a. Deductible no longer applies to services provided by preferred labs (labcorp and quest diagnostics). B. Increased hearing aid benefit from $2,000 o $2,500, including over the counter hearing aids c. Virtual office visit benefit has been expanded to include all telehealth and virtual visits. D. Telehealth exclusive providers has been expanded to include brightline and brightside health.”

“The organization has not changed their process for the oversight or the selection of the independent accountant from the prior year.”