Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 22 | NET ASSETS IN ACCORDANCE WITH THE INSTRUCTIONS FOR COMPLETEING THE FEDERAL FORM 990, THE FOLLOWING CLAIMS RELATED OBLIGATIONS HAVE NOT BEEN REPORTED IN THE FORM 990 FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. SEPTEMBER 30,2022 SEPTEMBER 30, 2021 CLAIMS PAYABLE AND IBNR 253,000 300,700 ACCUMULATED ELIGIBILITY CREDIT 2,739,400 2,589,100 2,992,400 2,889,800 POSTRETIREMENT BENEFIT OBLIGATIONS 16,623,911 23,565,307 TOTAL PLAN BENEFIT OBLIGATIONS 19,616,311 26,455,107 |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11A EXPLANATION - A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL TRUSTEES FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES AND TRUSTEES ARE REQUIRED ON AN ANNUAL BASIS TO DISCLOSE ANY RELATIONSHIPS THAT COULD GIVE RISE TO ANY POTENTIAL CONFLICTS OF INTEREST. THE RESPONSES ARE REVIEWED BY MANAGEMENT EACH YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PLAN ADMINISTRATORS 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, SECTION C, LINE 19 | THE FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO ANY PARTICIPANT UPON REQUEST AT THE FUND OFFICE. |
| FORM 990, PART VII, COMPENSATION EXPLANATION | THE STA OF BALTIMORE - ILA BENEFITS FUND PAYS FOR AND IS REIMBURSED IN ARREARS FROM THE STA OF BALTIMORE - ILA PENSION PLAN AND THE STA OF BALTIMORE - ILA SEVERANCE AND ANNUITY PLAN FOR CERTAIN SHARED ADMINISTRATIVE SERVICES ON A MONTHLY BASIS. THESE SERVICES INCLUDE SALARY AND RELATED EXPENSES FOR EMPLOYEES OF THE FUND OFFICE. SALARY EXPENSE, INCLUDING RELATED PAYROLL TAXES, AND BENEFITS EXPENSE ARE ALLOCATED TO THE THREE PLANS USING THE FOLLOWING ALLOCATION RATES: STA OF BALTIMORE - ILA BENEFITS FUND 25% STA OF BALTIMORE - ILA PENSION PLAN 65% STA OF BALTIMORE - ILA SEVERANCE AND ANNUITY PLAN 10% |
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