Southern California Pipe Trades

“The organization's management duties, including accounting functions and payments of bonus benefits are performed by southern california pipe trades administrative corporation.”

“Form 990 is reviewed and approved by the board of trustees prior to the return being submitted to the irs.”

“The board of trustees are fiduciaries who are obligated to comply with the employee retirement income security act of 1974 (erisa), a mandatory and detailed statutory, regulatory and federal common law addressing their duty as fiduciaries to identify, avoid and disclose conflicts of interest, as well as prohibited transactions. As required under erisa, the trustees annually evaluate and monitor potential conflicts in their retention and dealings with service providers and as other circumstances warrant. Trustees are expected to recuse themselves from deliberations when an unavoidable conflict exists.”

“The organization intends to comply with all requirements under federal law, including the tax code and the employee retirement income security act. It makes its governing documents, policies and financial statements available to all participants upon request. The general public has access to many documents through annual government filings made by the organization.”

“Trustees of the trust, for which there is no applicable reporting exemption, are employees of contributing employers that are considered related organizations under the definitions in schedule r. The trust is unable to report compensation and benefits paid to certain trustees by related organizations as it was unable to obtain the information after making reasonable efforts. The trust requested the compensation information from all trustees by distributing an annual questionnaire requesting the required information along with instructions to explain the information needed. The compensation information for these certain trustees was not received prior to filing the tax return.”

“Audit committee: the organization does not have a separate audit committee. However, the board of trustees and the finance committee have responsibility for oversight of the audit and the selection of independent auditor.”