Michigan Electrical Employees Insurance 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 trust fund, is administered by a board of trustees which is composed of an equal number of union and employer representatives. Becuase of this organizational requirement there is a "business relationship" between the trustees. Line 12 - annually, each trustee must answer the fiduciary liability insurnace 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 offical, or other officers or key employees, as those terms are defined in the instructions.”

“Trustees are appointed by sponsoring organizations of the trust. Union trustees are appointed by persons authorized by each appointing union organization's executive board, who are elected periodically by members in good standing who are eligible to vote consistant 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 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 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 compiance with the fiduciary responsibility requirements of subtitle b, part 4 of erisa.”

“Line 1a - the trustees of the fund serve the fund without compensation from the fund for those services. However, some trustees were compensated as employees of either ibew local 275, 498, 665, 692, or 906, all of which were contributing employers to the fund and, as such, "related organizations" as that term is defined in the instructions.”