Umwa Bcoa Training and Education Trust

“The education trust shall be administered by a board of two trustees, one of whom shall be appointed by the employers, and one of whom shall be appointed by the union. The union may remove the trustee appointed by it and the employers may remove the trustee appointed by them. In the event of resignation, death, removal, inability or unwillingness to serves of a trustee, the party who appointed that trustee shall appoint a successor. The two trustees so designated shall constitute the board of trustees to administer the education plan and trust. The trustee designated by the union shall be the chairman of the board of trustees.”

“The trust has no other committee other than the board of trustees.”

“An electronic copy of the form 990 is supplied by the certified public accounting firm ("cpa firm"), engaged to prepare the return, and forwarded to the trustees for their joint review. Upon their review, any proposed changes are relayed back to the cpa firm; who upon their discussion with the trustees, make the necessary proposed changes agreed upon and resend the return for final approval for filing.”

“The Fund is maintained and administered in accordance with ERISA Sections 404 and 406 and the Fund's conflict of interest policy is set forth in ERISA Sections 404 and 406. The Board of Trustees monitors and enforces the Fund's compliance with ERISA, with the assistance of the Fund's professionals.”

“The organization does not make its governing documents nor its financial statements available to the public; however, they are furnished upon request to contributing employers, participants and beneficiaries.”

“The fund was formed effective february 1, 1988, under an agreement between the united mine workers of america (umwa) and the bituminous coal operators' association, inc. (bcoa). The fund is organized under sec. 302(c)(6) of the labor management relations act of 1947, as amended by the labor management cooperation act, to provide financial assistance for training or education for unemployed workers in the bituminous coal industry represented by the umwa who have performed classified work under the national bituminous coal wage agreement of 1988 (nbcwa), or any predecessor thereto, and their family dependents, as set forth in article ii, part e of the 1988 nbcwa. Since the 1988 nbcwa agreement, the nbcwa has been re-negotitated by various successor agreements, which have extended the termination date of the fund. In 2016, the umwa and the bcoa negotiated a successor agreement (2016 nbcwa) which became effective august 15, 2016 and contains a termination date of december 31, 2021.”

“Description:consulting fees total fees:70629”