Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART III, LINE 1 - ORGANIZATION'S MISSION: | ESTABLISHED TO PROVIDE HEALTH BENEFITS (MEDICAL, HOSPITAL, PRESCRIPTION, DENTAL, VISION, DISEASE MANAGEMENT), DEATH BENEFITS, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND LONG-TERM DISABILITY TO ITS ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS IN ACCORDANCE WITH A COLLECTIVE BARGAINING AGREEMENT OR PARTICIPATION AGREEMENT. |
| PART VI, SECTION A, LINE 1A - EXECUTIVE COMMITTEE: | THE EXECUTIVE COMMITTEE OF THE 32BJ HEALTH FUND SHALL CONSIST OF TWO TRUSTEES OF THE FUND. THE COMMITTEE IS DELEGATED FULL AUTHORITY TO ACT ON SUCH MATTERS AS IT SHALL DETERMINE TO REQUIRE ACTION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, EXCEPT FOR AMENDMENTS TO THE TRUST AGREEMENT AND ANY MATTERS WHICH REQUIRE UNANIMOUS ACTION BY THE BOARD OF TRUSTEES. |
| PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIP: | TRUSTEES HECTOR FIGUEROA, LARRY ENGELSTEIN AND SHIRLEY ALDEBOL SERVE AS PRESIDENT, EXECUTIVE VICE PRESIDENT AND VICE PRESIDENT OF SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 32BJ, RESPECTIVELY. TRUSTEE KEVIN DOYLE SERVES AS A CONSULTANT FOR THE SERVICE EMPLOYEE INTERNATIONAL UNION LOCAL 32BJ. DEPUTY TRUSTEES KYLE BRAGG, LENORE FRIEDLAENDER, MANNY PASTREICH AND JOHN SANTOS SERVE AS SECRETARY TREASUERER, ASSISTANT TO THE PRESIDENT, AT LARGE BOARD AND VICE PRESIDENT OF SERVICE EMPLOYEE INTERNATIONAL UNION LOCAL 32BJ, RESPECTIVELY. TRUSTEE HOWARD ROTHSCHILD AND DEPUTY TRUSTEES MICHAEL BADOWSKI AND HARRY WEINBERG SERVE AS PRESIDENT, EMPLOYEE AND EMPLOYEE OF REALTY ADVISORY BOARD ON LABOR RELATIONS, INC., RESPECTIVELY. |
| PART VI, SECTION A, LINE 7A - APPOINTMENT OF TRUSTEES: | If a union trustee vacancy arises, the fund's trust agreement provides that the service employees international union local 32BJ has the power to appoint a successor union trustee for the fund. If an employer trustee vacancy arises, the fund's trust agreement provides that the realty advisory board has the power to appoint a successor employer trustee for the fund. |
| PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990: | The form 990 is reviewed by the Fund's Accounting Department. The final form 990 is then provided to the board of trustees for their review and approval prior to filing the return. |
| PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY: | The fund is subject to the requirements of the employee retirement income security act, as amended ("ERISA") and the fiduciary standards of ERISA, including the prohibited transactions provisions, which constitutes the fund's conflict of interest policy. The board of trustees monitors and enforces compliance with those provisions as required by ERISA along with the assistance of the fund's professionals. In addition, the fund has an established Code of Ethical Conduct policy which, includes a conflicts of interest policy. |
| PART VI, SECTION B, LINES 15A/15B-TOP MGT OFFICIALS COMPENSATION: | The fund retained an independent compensation consultant that conducted searches on a local and national level for similar jobs and determined reasonableness of the fund's compensation based on the benefits the fund provides and other internal factors. The consultant also built a salary structure foundation for the fund and that structure is reviewed annually and adjusted when appropriate. In addition, the director of human resources subscribes to an online compensation survey that is used as a tool in reviewing the fund's compensation for comparability purposes against the current job market. |
| PART VI, SECTION C, LINE 19 - GOVERNING DOCUMENTS: | The fund makes its governing documents, policies, and financial statements available to participants, beneficiaries, the sponsoring union, and contributing employers as required by ERISA. |
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