Carpenters Joint Apprenticeship & Training Program Building Corporation

“The building corp's membership consists of the members of the board of trustees of the carpenter's joint apprenticeship & training program (the plan). A member's term of membership in the building corp is co-extensive with his/her tenure as a trustee of the plan. Appointment or withdrawal as a trustee of the plan shall operate as an appointment or withdrawal as a member of the building corp without the necessity of additional action or authorization.”

“The building corp's membership consists of the members of the board of trustees of the carpenter's joint apprenticeship & training program (the plan), who are elected in accordance with the plan's bylaws.”

“The building corp does not have any committees with authority to act on behalf of the governing body.”

“The form 990 is reviewed by the board of trustees in conjunction with the annual audit.”

“In order to avoid actual or apparent conflicts of interest, the building corp often employs an independent fiduciary for assistance. The policy requires persons covered by it to monitor and report to the plan any actual or potential conflicts of interest. The plan then investigates to determine if a conflict of interest, in fact, exists, whether it is material, and whether corrective action is required. Covered persons are also obligated to report any conflict of interest of which they are aware involving other covered persons. Persons covered by the policy also annually certify in writing that they have not been involved in any conflict of interest which has not been reported to the plan. The building corp is currently in the process of implementing a records retention and destruction policy.”

“The building corp makes its governing documents and financial statements available to the plan participants at the plan office. The building corp does not make its documents available to the public.”

“Transfer of assets from ncsrcc training fund 557,440.”