Teamsters Benefit Trust

“The trust has contracted with lipman insurance administrators to provide administrative services for the organization.”

“The organization has no committees with authority to act on behalf of the board of trustees.”

“A copy of form 990 was provided to each member of the governing body for review prior to filing with the irs.”

“At least once a year, trustees and other fiduciaries subject to the conflict-of-interest policy will be asked to disclose in writing any relationship or interests that could give rise to a conflict. Should any individual covered by the policy determine or suspect that he or she possesses an actual or potential conflict of interest, such individual must disclose the existence of the financial interest or relationship giving rise to the conflict and disclose all relevant facts prior to any decision to enter into any proposed transaction or arrangement or, if later, as soon as the actual or potential conflict is recognized. The trustee or other fiduciary with the conflict of interest must be excluded from the discussion and approval of such transaction and the conflicted individual is not allowed to influence the board's decision in any way.”

“The organization makes it governing documents, conflict-of-interest policy and financial statements available to participants 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, lipman insurance administrators.”

“The organization has a board of trustees that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed.”

“The plan does not have employees. However, certain participants of the plan received a form w-2 for taxable domestic partner benefits.”

“The plan's 2014 form 990 was amended to reflect $911 net operating loss from unrelated business activity. Part i, line 7a and part viii, lines 3 and 12 have been revised to reflect the net operating loss.”