Sheet Metal Workers Local 292 Health Fund

“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 an equal number of union and employer representatives. Because of this organizational requirement, there is a business relationship between the trustees. Line 12b - 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, top management officials, or other officers or key employees, as those terms are defined in the instructions.”

“The form 990 is presented and approved at a meeting of the board of trustees, subject to review by and approval of the fund 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 of 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.”

“Line 1a - mark vanavery, paul gualdoni, robert donaldson & kevin stanbury served as trustees of the fund without compensation from the fund for those services. However, they were compensated as employees of the sheet metal workers' local union no. 292 and the sheet metal workers 292 jac, which were contributing employers to the fund and, as such, "related organizations" as that term is defined in the instructions.”

“The fund was created, established and is maintained for the purpose of providing life insurance, accident, health, hospitalization, surgical, medical, and related expense benefits and such other welfare benefits as the board of trustees may decide for participants and their dependents and/or beneficiaries and defraying the reasonable expenses of administration and operation of the fund.”