Construction Plant and Maintenance

“The organization's accounting functions and payments of medical benefits to various providers are done by benefit programs administration.”

“Form 990 is provided to the trustee who reviews it, with assistance from the fund's auditor, before it is signed and filed. A copy is also provided to the fund's administrator.”

“The organization complies with all requirements under federal law, including the tax code and the employee retirement income security act. It makes its governing documents, policies, financial statements, and form 990 available upon request to all participants in its benefit plan. The general public has access to many documents through annual government filings made by the organization.”

“The trustee is a fiduciary who is obligated to comply with the employee retirement income security act of 1974 (erisa) and mandatory and detailed statutory, regulatory, and federal common law addressing his duty as fiduciary to identify, avoid, and disclose conflicts of interest, as well as prohibited transactions. As required under erisa, the trustee evaluates and monitors potential conflicts in the retention and dealings with service providers and other parties in interest and as other circumstances warrant.”

“The organization, which is an erisa employee benefit fund, is governed by the trustee and has no officers or employees. The trustee is compensated based on the number of plan participants. The day to day administration of the fund is provided by a third-party administrator, benefit programs administration.”

“The trust has been terminated by an instrument in writing executed by the trustee and all eligible employers. The trust terminated on february 28, 2014, the last month of insurance coverage for participants, and began liquidating on march 1, 2014. On august 1, 2014 the trust distributed the majority of its net assets to participants who were covered as of december 2013. The remainder of the net assets will be held in a reserve account by the trustee for the payment of unascertained or contingent liabilities and expenses, and final distribution to the same persons who received the initial distribution. The trust office closed on august 4, 2014.”

“Distribution to participating employees -294,938. Transfer to reserve account -243,176.”

“The organization does not have a separate audit committee. However, the trustee has responsibility for oversight of the audit and the selection of independent accountants.”