Hawaii Laborers Health

“The board of trustees consists of employees of contributing employers, other contributing entities and the union who are compenstated by these entities for services they proivde as employees of their respective employer. As these entities are considered related entities, these members are not considered independent trustees.”

“The board of trustees consist of five union representatives and five employer trustees. The union trustees (including two non-employees of the union) are appointed by laborers international union of north america, local 368, and the employer trustees are appointed by general contractors labor association, the building industry labor association, the mason contractors association of hawaii, the hawaii collective bargaining council of landscape and irrigation contractors, and specialty contractors association.”

“There are no committies with the authority to act on behalf of the trustees.”

“The chair and co-chair review the form; the trustees are provided a copy of the form 990 for their review prior to signing and filing.”

“During each regularly scheduled board of trustee meeting, the consultants give detailed reports on various aspects of the fund's activities. In the course of these reports, potential or actual conflicts of interest may be revealed. Every situation, should they arise, is dealt with in the appropriate manner based on the guidelines set forth in the policy.”

“The governing documents and financial information are available upon request as stated in the summary annual reports that are distributed each plan year to all plan participants.”

“Certain trustees of the trust are employees of contributing employers that are considered related organizations under the definitions in schedule r. The related organizations are for-profit organizations, are not owned or controlled, directly or indirectly, by the organization or one or more related tax-exempt organizations, and do not provide management services for a fee to the organization. As such compensation paid by related organizations is not shown under the volunteer exception.”

“The board of trustees assumes responsibility for oversight of the audit of the plan's financial statements and selection of the independent auditor.”