Laborers Metropolitan Detroit Health and Welfare 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 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 officers or key employees, as those terms are defined.”

“Trustees are appointed by sponsoring parties of the trust. Union trustees are appointed by persons authorized by the each appointing union organizaton's executive board, who are elected periodically by members in good standing who are elegible to vote consistent with the constitution of the appointing union organization. Employer trustees are appointed by persons authorized by their executive boards, who are elected consistent with the voting requirements of each specific employer association.”

“The form 990 is presented and approved at a meeting of the board of trustees, subject to reveiw by and approval of the fund's legal counsel. In addition, each trustee is provided with a completed 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 i 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 - michael aaron, mark pulice, bill bass, paul gassel, and jason chwalek served as trustees of the fund without compensation form the fund for those servcies. However, they were compensated as employees of either local 1076 or 1191 which were contributing employers to the fund and, as such, "related organiztions" as that term is defined in the instructions.”