Phcc Medical Insurance Trust

“Form 990 and all applicable schedules and statements, herehafter referred to collectively as "form 990," are provided to the organization's governing body. The organization's governing body reviews form 990 for accuracy and completeness. Any questions arising from the organization's governing body's review are addresed and/or resolved, as applicable, prior to filing form 990.”

“The organization's governing documents are available for public inspection at its office. The organization will make available through electronic means such documents upon request.”

“Management fees of $2,480 reflect amounts paid for administrative services provided to the organization. Management fees approximate the associated cost of hiring employees to perform similar services. Management fees are reviewed and approved annually by the board of directors.”

“Consulting fees: program service expenses 9,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,000.”

“Funds transfered to phcc -10,000. Distribution to members -16,361.”

“The organization's governing body is responsible for oversight of the audit and the selection of the independent auditors.”

“Management, based on guidance from the plans consultant, released $10,000 from the trust to the plumbing heating cooling contractors association ("association"), the plan sponsor, to hold on behalf of the trust for expenses to be incurred related to the termination of the trust. Any remaining funds after all additional expenses are paid will be distributed to the members in the same manner as the distribution described below. Any expenses incurred by the association on behalf of the trust in excess of the funds released by the trust are to be paid by the association. Additional cash or other consideration is not expected to be collected. After all expenses were paid, the remaining cash was distributed to members on june 10, 2015, completely liquidating the trust. Management, based on guidance from the plans consultant, made distributions to members who contributed to the trust for the time period between november 2013 and december 31, 2014. The distribution was calculated based on the pro-rata share of contributions made during this time period.”