Iron Workers Industry

“Trustee reads and discusses Form 990 with CPA before signing and filing.”

“Compensation was determined through discussion with the other trustee regarding the hours and effort required. The approving trustee is a union employer located in a separate geographical area.”

“The "Fund" does not make its governing documents or financial statements available to the public. The "Fund" was created by a requirement of a union collective bargaining agreement negotiated by an employers' association, "The Steel Erectors Association of Baltimore Maryland". The "Agreement and Declaration of Trust" for the Fund requires that the records and books of account be made available for inspection, on request, by any authorized representative of an employer who makes regular contributions to the Fund. The contributions to the Fund were made by the employers based on union employee hours worked, and were not taken from an employees pay.”

“Iron Workers Local #16 was merged into Iron Workers Local #5. Both Locals had their separate benefit plans. The management and merger of Local #16's five benefit plans into Local #5 is a complex and time consuming process. It is expected that the complete merger may take another two to three years. A long time union employer and trustee of the Iron Workers Industry Advancement Fund of Baltimore Md, has been retained to coordinate this process for the Baltimore area members. This person has the most knowledge and ability to advocate for the Baltimore members of former Local #16 whose benfits are at risk.”