Iron Workers Welfare Fund

“Trustees victor cornellier and bob russell have a business relationship through tsi architectural metals inc. Kenneth dean, john bielak and anthony rosaci all have a business relationship through international association of bridge, structural, ornamental and reinforcing iron workers.”

“The board of trustees shall consist of 6 natural persons designated as follows: (1) 3 trustees shall be designated by the general president of the international association of bridge, structural, ornamental and reinforcing iron workers (trustees"). (2) 3 trustees shall be designated by the contributing employers who make up the management committee (collectively, "employer trustees"). The total number of union and employer trustees so desginated shall at all times be equal, regardless of the number of employer groups or other contributing employers who may be contributing to the trust fund or parties to this indenture. The board of trustees shall maintain and administer the fund and the plan as provided for in this trust.”

“No other committees exist.”

“The form 990 is prepared by an independent certified public accountant firm ('cpa firm'), engaged by the fund, who distributed a draft copy of the return to the fund administrator, board of trustees and outside legal counsel for their review and comment. Upon completion of their review, any recommended changes or questions are sent to the cpa firm for discussion and upon any final revisions, a new draft is submitted for the board of trustees approval prior to the electronic filing of the return.”

“The governing documents are available upon request to the public and provided to covered individuals under the plan as required by the employee retirement income security act of 1974.”

“1) Prior Year difference due to timing of FS and 990 filing. Additional contributions Received: $69,014. 2) ($1,119,602)- Transfer of net assets. In January 2023, the Trustees of the Plan agreed to merge with IWMRWT. Effective March 1, 2023, as a result of the merger, the Plan was terminated, and the IWMRWT Plan assumed all of the assets, liabilities, and obligations of the Plan. The net assets available for benefits transferred to IWMRWT were $1,119,602. It is the intent of IWMRWT's Trustees to continue the IWMRWT's operations in perpetuity.”