Electrical Workers' Joint Board of Trustees - Vacation Fund

“Minutes of all board meetings are maintained in written form. Part vi, line 2: 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 an equal number of union and employer representatives. Because of this organizational requirement, there is a business relationship between the trustees. In addition, e. Craig young is identified as a key employee of the organization. He is employed by a related organization where one or more trustees of the organization serve as trustees”

“SEE SCHEDULE O”

“Trustees are appointed by the union and the employer association.”

“The signatories on behalf of the board review form 990 before it is filed.”

“The conflict of interest policy is enforced in accordance with rules of erisa of 1974 governing prohibited transactions.”

“The benefit director's compensation is reviewed annually by independent board members. The board reviews comparable data of base and variable compensation to industry standards. Meeting minutes are maintained in written form.”

“The board approves a budget where the compensation of all employees are listed. Meeting minutes are maintained in written form.”

“Governing documents, policies, and financial statements are available to the public upon request.”

“Kimberly l'heureux worked approximately 40 hours a week for a related organization. Wage amount is from a dept of labor filing and fringes are estimated. E. Craig young worked 40 hours a week for a related organization. Actual amounts are reported. Michele davis worked 40 hours a week for a related organization. Actual amounts are reported. James peltier worked 40 hours a week for a related organization. Wage amount is from a dept of labor filing and fringes are estimated. Joseph diederichs worked 5 hours per week for a related organization. Amounts are taken from fringe benefit reports. James soosik worked 40 hours a week for a related organization. Amounts are taken from fringe benefit reports. Jason head worked 40 hours a week for a related organization. Actual amounts are reported. Jessica cyprus worked 40 hours a week for a related organization. Actual amounts are reported.”

“There was no unrelated business income earned during the year.”