Teamsters Retiree Trust

“The governing body has appointed management duties to a third-party administrator.”

“The plan does not have a committee to act with authority on behalf of the governing body.”

“The governing body is provided with a copy of the form 990 prior to being filed. The plan's administrator is responsible for conducting a detailed review of the form 990 prior to it being filed with the internal revenue service.”

“The conflict-of-interest policy applies to all trustees as well as any other individuals who exercise discretionary and/or fiduciary authority over the affairs of the trust, and the policy is regularly and consistently monitored and enforced by the organization by requiring the trustees to annually disclose to the board any conflicts of interest. The board has discretionary authority to determine whether the transaction is in the best interest of the trust. Such determinations are to be made without the input or participation of the conflicted individuals.”

“The organization does not compensate trustees.”

“The organization makes its governing documents, conflict-of-interest policy and financial statements available to the public upon request.”

“Trustees are not compensated by the trust. Compensation paid to trustees employed by other related organizations is reported on the form 990 filed with the internal revenue service by the related tax-exempt organization. If you would like additional information, please contact the third-party administrator, delta fund administrator services llc.”

“The board of trustees is responsible for oversight of the audit and selection of an independent auditor. This process has not changed.”

“The plan's third-party administrator files one 1099 on behalf of all the plans they administer for the various "independent contractors." therefore, this question has been answered as zero for this organization.”