Boilermakers' & Blacksmiths' AFL-CIO Lodge No169 Employee Security Fund

“Line 2 - family relationship or business relationship the relationship between the trustees of the fund is a "business relationship". The fund is estabished 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 questionnaire, 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 and approval by the fund's legal counsel. The trustees of the fund are provided with a final copy of the completed form 990 as ultimatly filed with the irs.”

“The fund is established and maintained pursuant to the employee retirement income security act of 1974, as ammended. 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 the fiduciary responsibility requirements of subtitle b, part 4 of erisa.”

“Line 1a - the trustees of the fund serve without compensation from the fund for their services. However, the trustees were compensated as employees of contributing employers to the fund, which are considered "related organizations" to the fund for purposes of the form 990.”

“The trust was created to provide benefits to boilermakers pursuant to provisions of the applicable collective bargaining agreement and declaration of trust.”