The Pacific Maritime Association Covid-19

“Michael wechsler & stephen hennessey, business relationship.”

“The pacific maritime association (pma), the sponsor of the plan, appoints all of the plan's trustees (its governing body).”

“The governing body (the trustees) did not delegate authority to act to any committee.”

“Management and employees of the plan's sponsor, the pacific maritime association, assist in administering the plan (which has no employees of its own), including preparation of the plan's form 990. The individuals serving as the plan's governing body (its trustees) are annually provided questionnaires specifically addressing disclosures required by the form 990, including governance, transactions, and potential conflicts of interest. Pma's finance/accounting personnel compiled the data to be reported, and an independent accounting firm reviewed the data and prepared the form 990. The complete form 990 was provided for review to all trustees (in its final form) prior to filing, and pma's cfo (who is also a plan trustee) executed the final form 990, on behalf of the plan.”

“The plan does not have its own conflict of interest or whistleblower policies. However, the individuals serving as its governing body (its trustees) are employed by the plan's sponsor (the pacific maritime association). As such they are familiar with and governed by pma's code of conduct, which addresses conflicts of interest and whistleblowing. The plan trustees are also annually provided questionnaires specifically addressing disclosures required by the form 990, including governance, transactions, and potential conflicts of interest.”

“The plan's financial statements are made available, with its annual form 5500, via department of labor's website. Its governing documents are not publicly available. It does not have its own conflict of interest policy; the code of conduct of the plan's sponsor (the trustees' employer) is not publicly available.”

“The pacific maritime association covid-19 sick leave plan's primary exempt purpose is to provide paid sick, family and medical leave to all eligible longshore workers, clerks, walking bosses, and watchmen for reasons related to covid-19, as defined by the ilwu-pma collective bargaining agreements.”