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 A, LINE 3 | ALTHOUGH THE BOARD OF TRUSTEES RETAIN THE ULTIMATE RESPONSIBILITY, THEY DO NOT PERSONALLY ATTEND TO THE DAY-TO-DAY OPERATIONS OF THE PLAN. THEY HAVE DELEGATED THESE DUTIES TO AN ENTITY CONSIDERED TO BE THE ADMINISTRATOR. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE FUND DOES NOT HAVE ANY SEGREGATED COMMITTEES WHICH ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND ADMINISTRATOR PRIOR TO FILING. AFTER THE BOARDS REVIEW AND APPROVAL, THE FORM IS SIGNED AND FILED. |
| FORM 990, PART VI, SECTION B, LINE 15 | PREVIOUSLY, THE FUND ADMINISTRATOR ENTERED INTO AN EMPLOYMENT AGREEMENT WITH THE LOCAL 4 SEIU HEALTH AND WELFARE FUND THAT HAS EXTENDED INTO THE CURRENT FILING PERIOD. THE COMPENSATION ADJUSTMENTS APPROVED BY THAT FUND'S BOARD OF TRUSTEES SINCE THAT TIME WERE BASED, IN PART, ON AN ANNUAL SURVEY OF THE CHICAGO AREA ADMINISTRATORS GROUP THAT ANALYZED THE COMPENSATION LEVELS OF FUND ADMINISTRATORS WITHIN THE GEOGRAPHIC AREA, ADJUSTED FOR THE SIZE OF THE FUND, AND THE COMPENSATION OF THE PARTICIPANTS. PERIODICALLY, THE ADMINISTRATOR HAS ALSO RECEIVED COST OF LIVING OR OTHER ACROSS-THE-BOARD RAISES THAT WERE PROVIDED TO ALL FUND STAFF. THE ADMINISTRATOR'S SALARY HAS BEEN FROZEN SINCE SEPTEMBER 2013. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FUND OFFICE. |
| FORM 990, PART VII, SECTION A / FORM 990, PART IX, LINE 7,8,9,10. | THE FUND SHARES EMPLOYEES OF THE LOCAL 4 SEIU HEALTH & WELFARE FUND, AN UNRELATED ENTITY, FOR ADMINISTRATION OF ITS HEALTH PLAN, PURSUANT TO A SHARED ADMINISTRATION AGREEMENT. THE LOCAL 4 SEIU HEALTH & WELFARE FUND COMPENSATES THESE EMPLOYEES. THIS FUND DOES NOT COMPENSATE ANY EMPLOYEES. INSTEAD, THIS FUND REIMBURSES THE LOCAL 4 SEIU HEALTH & WELFARE FUND FOR SHARED ADMINISTRATIVE EXPENSES, WHICH ARE ESTIMATED USING A COST ALLOCATION STUDY APPROVED BY THE TRUSTEES. ANY REIMBURSEMENT FOR COMPENSATION-RELATED EXPENSES ARE REPORTED IN PART IX, LINES 7-10. |
| FORM 990, PART XI, LINE 8 | NET ASSETS AVAILABLE FOR BENEFITS AT MAY 1, 2014 WERE RESTATED TO CORRECT CERTAIN MISSTATEMENTS RESULTING FROM ERRORS RELATED TO THE ACCOUNTING FOR DEPOSITS IN TRANSIT. |
| Software ID: | |
| Software Version: |