Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | ALTHOUGH THE BOARD OF TRUSTEES RETAINS ULTIMATE RESPONSIBILITY, THE TRUSTEES HAVE DELEGATED THE DAY TO DAY ADMINISTRATION DUTIES TO THRIVEPASS AS THE THIRD PARTY ADMINISTRATOR OF THE PLAN. |
| FORM 990, PART VI, SECTION A, LINE 4 | EFFECTIVE DECEMBER 29, 2022, THE BOARD OF TRUSTEES APPROVED TO MERGE THE PLAN INTO THE NATIONAL AUTOMATIC SPRINKLER INDUSTRY WELFARE FUND EFFECTIVE DECEMBER 31, 2022. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE PLAN IS GOVERNED BY SIX TRUSTEES, THREE OF WHOM ARE APPOINTED BY SPRINKLER FITTERS AND APPRENTICES UNION NO. 417 AND THREE OF WHOM ARE APPOINTED BY THE NATIONAL FIRE SPRINKLER ASSOCIATION, INC. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990 BASED ON INFORMATION SUPPLIED TO THEIR OFFICE. ONCE THE DRAFT IS AVAILABLE AND REVIEWED BY MANAGEMENT, THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUSTEES MONITOR THE TYPES OF TRANSACTIONS THEY ENTER INTO WITH VENDORS, SERVICE PROVIDERS, AND OTHER PARTIES OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, A TRUSTEE MUST DISCLOSE THE CONFLICT TO THE MEMBERS OF THE BOARD OF TRUSTEES. IF THE TRUSTEE IS UNCOMFORTABLE REFERRING THE MATTER TO THE BOARD OF TRUSTEES, THEN THEY CONTACT THE PLAN'S LEGAL COUNSEL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE THIRD PARTY ADMINISTRATOR'S OFFICE LOCATED IN PLYMOUTH, MINNESOTA. |
| FORM 990, PART XI, LINE 9: | TRANSFER TO OTHER FUND -15,030,094. |
| FORM 990 PART VII, LINE 2C | THE ORGANIZATION HAS NOT CHANGED THEIR PROCESS FOR THE OVERSIGHT OR THE SELECTION OF THE INDEPENDENT ACCOUNTANT FROM THE PRIOR YEAR. |
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