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, Line 11b: Form 990 Review Process | A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL TRUSTEES FOR REVIEW PRIOR TO FILING. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | EMPLOYEES AND TRUSTEES MUST DISCLOSE ANY RELATIONSHIP THAT COULD GIVE RISE TO ANY POTENTIAL CONFLICTS OF INTEREST. THE RESPONSES ARE REVIEWED BY MANAGEMENT EACH YEAR. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | THE PLAN ADMINISTRATOR AND OTHER UNION APPOINTED POSITIONS ARE PAID AT RATES AS PRESCRIBED IN CERTAIN CONTRACTS BETWEEN THE STEAMSHIP TRADE ASSOCIATION AND THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION UPON REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | THE PLAN ADMINISTRATOR AND OTHER UNION APPOINTED POSITIONS ARE PAID AT RATES AS PRESCRIBED IN CERTAIN CONTRACTS BETWEEN THE STEAMSHIP TRADE ASSOCIATION AND THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION UPON REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE PLAN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO ANY PARTICIPANT UPON REQUEST AT THE FUND OFFICE. |
| FORM 990, PART XII, LINE 1 OTHER ACCOUNTING METHOD | THE ACCOMPANYING TAX RETURN HAS BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. UNDER THIS BASIS OF ACCOUNTING, THE ONLY ASSETS RECOGNIZED IN THE TAX RETURN ARE CASH, INVESTMENTS, AND CONTRIBUTIONS RECEIVABLE. THE ONLY LIABILITIES RECOGNIZED IN THE TAX RETURN ARE PASS THROUGH CONTRIBUTIONS WHICH ARE PAYABLE TO THE CRCCF AND THE OBLIGATION TO PROVIDE SUPPLEMENTAL BENEFITS TO ELIGIBLE PARTICIPANTS. (THE SUPPLEMENTAL BENEFIT OBLIGATION ALSO INCLUDES A LIABILITY FOR THE PLAN'S PORTION OF THE EMPLOYER PAYROLL TAXES RELATED TO THE SUPPLEMENTAL BENEFIT.) EXCEPT FOR THE LIABILITIES DESCRIBED ABOVE, ALL TRANSACTIONS ARE RECOGNIZED IN THE TAX RETURN AS EITHER CASH RECEIPTS OR CASH DISBURSEMENTS. THE MODIFIED CASH BASIS OF ACCOUNTING DIFFERS FROM GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRIMARILY BECAUSE ACCOUNTS RECEIVABLE, PREPAID EXPENSES, ACCOUNTS PAYABLE, AND ACCURED EXPENSES, EXCEPT FOR EMPLOYER PAYROLL TAXES NOTED ABOVE, ARE NOT INCLUDED IN THE TAX RETURN. |
| Software ID: | 14000265 |
| Software Version: | 2014v6.0 |