Michigan Bac Health Care Fund

“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 trust fund, is administered by a board of trustees which is composed of an equal number of union and employer representatives. It is becuase of this organizational requirement that 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, top management offical, or other officer or key employees, as those terms are defined in the instructions.”

“All board members are elected by the membership into officer positions, from which they hold their trusteeship.”

“The form 990 is presented and approved at a meeting of trustees, subject to approval and review by the fund attorney. Upon completion the trustee's are provided with the final form 990 (including all required schedules), as ultimatly 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 erisa with respect to disclosure of its governing documents and financial information. It operates in compliance with fiduciary responsibility requirements of subtitle b, part 4 of erisa.”

“Line 1a - greg lobodzinski, daryl nichols, james brylowski, james budd and charles kukawka served as trustees of the fund without compensation from the fund for those services. However, there were compensated as employees of michigan bac locals, which were contributing employers to the fund and, as such, "related organizations" as that term is defined in the instructions.”