Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND FUND ADMINISTRATOR PRIOR TO FILING. AFTER THE BOARDS' REVIEW, THE FORM IS APPROVED AND FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES AND THE FUND ADMINISTRATOR SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY TAKING ALL STEPS THEY DEEM NECESSARY TO ENSURE SUCH MONITORING AND ENFORCEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | SALARIES ARE ANNUALLY REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FUND OFFICE. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS FROM LOCAL 5 WELFARE FUND 8,933,556. TRANSFER OF NET ASSETS TO LOCAL 502 RETIREE WELFARE FUND -4,000,000. |
| PART XI, LINE 9 CHANGES IN NET ASSETS: | IN ACCORDANCE WITH MERGER AGREEMENTS, LOCAL 5 WELFARE FUND'S ASSETS AND LIABILITIES WERE TRANSFERRED INTO THIS PLAN AND THE CEMENT MASONS' LOCAL 502 RETIREE WELFARE FUND (RETIREE PLAN). THE NET ASSETS OF THE PLAN WERE ALLOCATED BETWEEN THIS PLAN AND THE RETIREE PLAN BASED ON THE DEMOGRAPHICS OF LOCAL 5 WELFARE FUND'S PARTICIPANTS. ALL OF LOCAL 5 WELFARE FUND'S ASSETS AND LIABILITIES WERE INITIALLY TRANSFERRED TO THIS PLAN, WHICH SUBSEQUENTLY TRANSFERRED A PORTION TO THE RETIREE PLAN. |
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