1199Seiu Home Health Aide Benefit Fund

“Form 990, part vi, line 2 all of the union trustees are also employees of 1199seiu (the union) and therefore have a business relationship with each other.”

“FORM 990, PART VI, LINES 6 & 7A LINE 6: THE FUND HAS UNION TRUSTEES AND EMPLOYER TRUSTEES. LINE 7A: The Union trustees are appointed by 1199SEIU United Healthcare Workers East, and the employer trustees are appointed by the Contributing Employers.”

“Form 990, part vi, section b, line 11b the chief financial officer and finance team review the draft form 990 and confer with the accountants and legal counsel to ensure the accuracy of the return. Any concerns are noted and addressed and management ensures that the changes are incorporated in the form 990. The completed form 990 is then signed by the chief financial officer.”

“Form 990, part vi, section b, line 12c trustees and employees are required to annually disclose or update to the executive director, or designee, their interests that could give rise to conflicts of interests. For each interest disclosed by a trustee, the executive director or designee will determine whether to (a) take no action (b) assure full disclosure to the trustees (c ) ask the trustee to be recused from participation in related discussions or decisions; and/or (d) ask the trustee to resign. Regarding employees, completed conflicts of interest disclosure forms will be reviewed by the human resources department and disclosed conflicts will be reviewed by chief of human resources.”

“FORM 990, PART VI, SECTION B, LINE 15A AND 15B Compensation for all directors, officers and key employees of the Fund is determined by the Cross Funds Compensation Committee (the "Committee"), comprised of independent members. The Committee utilizes appropriate data as to comparability in its determinations, including information provided by independent compensation consultants. The Committee documents the basis for any compensation determinations contemporaneously in the minutes of the Committee. The Committee determines compensation periodically as it deems appropriate.”

“Form 990, part vi, section c, line 19 summary plan descriptions and financial reports are made public pursuant to irs filing requirements. Written requests for other information will be forwarded to general counsel's office for consideration.”

“Under internal revenue code (irc) section 419a(f)(5)(a), collective bargaining agreements are exempt from account limit requirements set under irc section 419a(c), and are therefore not subject to unrelated business income tax under irc section 512(a)(3).”