Carpenters and Joiners Welfare Fund

“The organization's daily recordkeeping functions are handled by the management company, wilson mcshane corportation. All executive organization decisions are handled by the board of trustees.”

“The bargaining organization, and the north central states regional council of carpenters, both appoint 50% of the board.”

“The organization does not have any committees that have authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management and the annual audit. Once the return is available, the form 990 is reviewed in conjunction with review of the annual audit by the board of trustees.”

“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 policy covers the board of trustees of the carpenters and joiners welfare fund, twin city carpenters and joiners pension fund and carpenters and joiners defined contribution plan. The chairman and secretary, in consultation with plan counsel and the reporting trustee, will work to resolve any potential or actual conflicts of interest in accordance with the provisions of this policy and federal law. In many cases, a trustee's recusal from deliberating and voting upon the matter under which the conflict arises shall be sufficient to resolve that conflict appropriately. A report of all steps taken to resolve the conflict will be prepared and presented to the entire board of trustees, and shall then be maintained in the plans' permanent administrative files.”

“The governing documents and financial statements are available to the public upon request.”

“The process for oversight of the audit and selection of an independent accountant has not changed from the prior year.”