Michigan Bac Apprenticeship and Training 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 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.”

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

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

“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 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. The fund does not have a conflicts of interest policy.”

“Line 1a - nelson mcmath, daryl nichols, james brylowski, charles kukawka and greg lobodzinski served as trustees of the fund without compensation with the exception of greg lobodzinski who did receive compensation from the fund. However, they were all compensated as employees of bac local 9, which was a contributing employer to the fund and, as such, "related organizations" as that term is defined in the instructions.”

“Collection and administration of contributions;”

“Utilities 17,035 2,894 0 repairs & maintenance 10,810 1,836 0 drug testing 7,758 1,318 0 secretarial services 6,779 1,152 0 apprentice materials 4,617 784 0 tuition fees 4,603 782 0 instructor's expenses 3,048 518 0 bank service charges 2,964 503 0 website expenses 2,308 392 0 dues & subscriptions 983 167 0 total 60,905 10,346 0”