Southern California Pipe Trades

“The organization's management duties including accounting functions and payment of vacation benefits to its members are performed by scpt administrative corporation.”

“The unrestricted net assets were transfered out of the corporation to go to a zero balance”

“The form 990 is reviewed by chair and co-chair and then by the board of trustees, with assistance from the fund's auditor.”

“The board of trustees are fiduciaries who are obligated to comply with the employee retirement income security act of 1974 (erisa), 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 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 and avoidable 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, in its benefit plan upon request. The general public has access to many of these documents, through annual government filings made by the organization.”

“Trustees of the trust 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 the trustees by related organizations as it was unable to obtain the information after making reasonable efforts. The trust requested the compensation information from the trustee(s) by providing a questionnaire requesting the required information along with instructions to explain the information needed. The questionnaires for the trustees were not received back prior to filing the tax return.”

“The vacation and holiday fund ceased operations as of 8/31/2020 and merged with the health and welfare fund on 9/1/2020.”

“Transfer to southern california pipe trades health & welfare fund -1,233,915.”

“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.”