Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
990 • Fiscal year 2022 • EIN 41-1365924
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
75th percentile
Higher net margin than 75% of similar nonprofits.
Top Officer Pay
67th percentile
Higher top officer pay than 67% of similar nonprofits.
Top officer pay equals 0.4% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
42nd percentile
Faster revenue growth than 42% of similar nonprofits.
Assets
Down$125,573,802
Down $21,273,610 (-14%) from 2021
Net Assets
Down$118,911,171
Down $5,793,722 (-4.6%) from 2021
Liabilities
Down$6,662,631
Down $15,479,888 (-70%) from 2021
Revenue
Down$55,207,085
Down $1,486,134 (-2.6%) from 2021
Expenses
Up$45,911,244
Up $537,397 (+1.2%) from 2021
Net Income
Down$9,295,841
Down $2,023,531 (-18%) from 2021
To provide medical, dental, vision, and disability benefits for eligible participants and their dependents.
Provide healthcare for members
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $124,704,893 | $118,911,171 | ▼ $5,793,722 |
| Investments in Publicly Traded Securities | $103,678,488 | $90,785,394 | ▼ $12,893,094 |
| Savings and Temporary Cash Investments | $17,449,825 | $21,170,018 | ▲ $3,720,193 |
| Investments Other Securities | $22,036,431 | $6,653,775 | ▼ $15,382,656 |
| Accounts Receivable | $3,682,668 | $5,764,615 | ▲ $2,081,947 |
| Cash and Non-Interest-Bearing Accounts | - | $1,200,000 | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $146,847,412 | $125,573,802 | ▼ $21,273,610 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $22,036,431 | $6,653,775 | ▼ $15,382,656 |
| Accounts Payable and Accrued Expenses | $106,088 | $8,856 | ▼ $97,232 |
| Total Liabilities | $22,142,519 | $6,662,631 | ▼ $15,479,888 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $124,704,893 | $118,911,171 | ▼ $5,793,722 |
| Total Liabilities and Net Assets / Fund Balance | $146,847,412 | $125,573,802 | ▼ $21,273,610 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $6,653,775 | - | - |
| Name | Title | Other | Total |
|---|---|---|---|
| Andrew Colvard | Alt Mgmt Trustee | $113,962 | $113,962 |
| Name | Title |
|---|---|
| James C Schult | Chairman, Union Trustee |
| Nate Stein | Alt Mgmt Trustee |
| Douglas Suchanek | Alt Union Trustee |
| Brandon P Anderson | Alternate Union Trustee |
| J T Pedersen | Mgmt Trustee |
| Peter B Bourland | Mgmt Trustee |
| Luke Kuhl | Secretary, Mgmt Trustee |
| Jamie M Mcnamara | Union Trustee |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Blue Cross Blue Shield Of Minnesota | Claims Processor | PO BOX 64560, St Paul, MN 55164 | $1,797,310 |
| Wilson-mcshane Corporation | Plan Administrator | 1330 CONWAY STREET, St Paul, MN 55106 | $880,055 |
| Prime Therapuetics | Claims Processor | 2900 AMES CROSSING ROAD, Eagan, MN 55121 | $113,940 |
| Line Item | Amount |
|---|---|
| Other Expenses | $944,916 |
| Salaries, Compensation, and Employee Benefits | $156,360 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $44,809,968 |
| Fees for Services Management | - | - | - | $414,816 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $231,288 |
| Fees for Services Legal | - | - | - | $110,853 |
| Payroll Taxes | - | - | - | $110,073 |
| Fees for Services Other | - | - | - | $67,675 |
| Fees for Services Accounting | - | - | - | $41,434 |
| Other Salaries and Wages | - | - | - | $34,441 |
| Conferences and Meetings | - | - | - | $24,960 |
| Office Expenses | - | - | - | $19,946 |
| Insurance | - | - | - | $17,473 |
| Other Expenses | - | - | - | $16,471 |
| Pension Plan Contributions | - | - | - | $7,010 |
| Other Employee Benefits | - | - | - | $4,836 |
| Total Functional Expenses | $0 | $0 | $0 | $45,911,244 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $45,911,244 |
| Expenses per Audited Statements | $45,679,956 |
| Total Expenses per Audited Statements | $45,679,956 |
| Expenses Not Reported on Financial Statements | $231,288 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Liability for Collateral Held for Securities on Loan | $6,653,775 |
“Wilson mcshane corporation is responsible for the financial operations of the fund. Wilson mcshane corporation prepares the general ledger, makes journal entries, manages claims and operational expenses.”
“The international brotherhood of electrical workers, local union no.110, afl-cio and st. Paul chapter of the national electrical contractors' association each appoint 50% of the board members.”
“The 990 is prepared by the organization's public accounting firm based on the information provided by management. Once a draft of the form is available, it is provided to the entire board of trustees for review and approal prior to filing with the irs. Any changes or questions are addressed before filing with the irs.”
“The trustees review the plan's conflict of interest policy annually. The trustees determine if a conflict of interst, in facts, exists. They also determine if it is material and if corrective action is required. In addition, periodic reviews of compliance with the conflict of interest policy are conducted by the board of trustees to ensure the plan operates in a manner consistent with its purpose and does not engage in activities that could jeopardize its lawful status and fiduciary obligations.”
“The plan makes its governing documents, conflict of interest policy, and financial statements available to participants, but not to the public, upon request at the benefit plan office.”
“The process has not changed from the prior year.”
“The veba trust funding certain benefits of the plan received an exemption letter from the internal revenue service (irs) dated february 6, 1980, stating that the trust is tax-exempt under the provisions of section 501(c)(9) of the internal revenue code (irc). However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2022 and 2021 for unrelated business taxable income. In addition, the plan and trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 106088 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 8856 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 3682668 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 5764615 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE HEALTHCARE FOR MEMBERS |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 44809968 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | WILSON-MCSHANE CORPORATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9528515788 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1330 CONWAY STREET SUITE 130 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ST PAUL |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55106 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1200000 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 24960 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 1797310 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 880055 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 113940 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO BOX 64560 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 1330 CONWAY STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 2900 AMES CROSSING ROAD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | ST PAUL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | ST PAUL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | EAGAN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 55164 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 55106 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 55121 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | BLUE CROSS BLUE SHIELD OF MINNESOTA |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | WILSON-MCSHANE CORPORATION |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | PRIME THERAPUETICS |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CLAIMS PROCESSOR |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | PLAN ADMINISTRATOR |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | CLAIMS PROCESSOR |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 44809968 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2471430 |
| IRS990/CYOtherExpensesAmt | 0 | 944916 |
| IRS990/CYOtherRevenueAmt | 0 | 25534 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 52710121 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 9295841 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 156360 |
| IRS990/CYTotalExpensesAmt | 0 | 45911244 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 55207085 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | TO PROVIDE AND MAINTAIN GROUP LIFE, GROUP ACCIDENT, AND HEALTH INSURANCE, INCLUDING GROUP HOSPITALIZATION, MEDICAL AND SURGICAL BENEFITS OR ANY OTHER BENEFITS AS DETERMINED BY THE TRUSTEES FOR THE BENEFIT OF 3,101 PARTICIPANTS AND THEIR BENEFICIARIES. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 41434 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 110853 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 414816 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 67675 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 231288 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 45.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 45.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 59043 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 44229 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 51904 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 45144 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES C SCHULT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JAMIE M MCNAMARA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PETER B BOURLAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BRANDON P ANDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | J T PEDERSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | LUKE KUHL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | NATE STEIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DOUGLAS SUCHANEK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ANDREW COLVARD |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 155531 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 138859 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 131945 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 68818 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN, UNION TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | UNION TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | MGMT TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | ALTERNATE UNION TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | MGMT TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY, MGMT TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | ALT MGMT TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | ALT UNION TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | ALT MGMT TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1973 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 257348 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 51668164 |
| IRS990/GrossReceiptsAmt | 0 | 106617901 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 1 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 17473 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2214082 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2214082 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 22036431 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 6653775 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 103678488 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 90785394 |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 51410816 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE MEDICAL, DENTAL, VISION, AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 124704893 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 118911171 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 257348 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 257348 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -15089563 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 19946 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 4836 |
| IRS990/OtherExpensesGrp/Desc | 0 | PCORI |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 16471 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 22036431 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6653775 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 525100 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 25534 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 25534 |
| IRS990/OtherRevenueTotalAmt | 0 | 25534 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 34441 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 110073 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7010 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JAMES SCHULT |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 525100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | EMPLOYER CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PARTICIPANT CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | SUB H&W CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 47312708 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 3685359 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 1712054 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 47312708 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 3685359 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 1712054 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 44211871 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 6267775 |
| IRS990/PYOtherExpensesAmt | 0 | 910922 |
| IRS990/PYOtherRevenueAmt | 0 | 14526 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 50410918 |
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| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 251054 |
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| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
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| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 17449825 |
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| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 45679956 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LIABILITY FOR COLLATERAL HELD FOR SECURITIES ON LOAN |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 6653775 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | COLLATERAL HELD FOR SECURITIES ON LOAN |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE VEBA TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED FEBRUARY 6, 1980, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2022 AND 2021 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 780 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JAMIE M MCNAMARA |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | DOUGLAS SUCHANEK |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | LUKE KUHL |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | UNION TRUSTEE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | ALT UNION TRUSTEE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | SECRETARY, MGMT TRUSTEE |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 183849 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 183088 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | WILSON MCSHANE CORPORATION IS RESPONSIBLE FOR THE FINANCIAL OPERATIONS OF THE FUND. WILSON MCSHANE CORPORATION PREPARES THE GENERAL LEDGER, MAKES JOURNAL ENTRIES, MANAGES CLAIMS AND OPERATIONAL EXPENSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, LOCAL UNION NO.110, AFL-CIO AND ST. PAUL CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS' ASSOCIATION EACH APPOINT 50% OF THE BOARD MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON THE INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FORM IS AVAILABLE, IT IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND APPROAL PRIOR TO FILING WITH THE IRS. ANY CHANGES OR QUESTIONS ARE ADDRESSED BEFORE FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE TRUSTEES REVIEW THE PLAN'S CONFLICT OF INTEREST POLICY ANNUALLY. THE TRUSTEES DETERMINE IF A CONFLICT OF INTERST, IN FACTS, EXISTS. THEY ALSO DETERMINE IF IT IS MATERIAL AND IF CORRECTIVE ACTION IS REQUIRED. IN ADDITION, PERIODIC REVIEWS OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ARE CONDUCTED BY THE BOARD OF TRUSTEES TO ENSURE THE PLAN OPERATES IN A MANNER CONSISTENT WITH ITS PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS LAWFUL STATUS AND FIDUCIARY OBLIGATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PLAN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO PARTICIPANTS, BUT NOT TO THE PUBLIC, UPON REQUEST AT THE BENEFIT PLAN OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 2C |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 22 | 1426 LU |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
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