| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES OF THIS TRUST CAN ALSO BE MEMBERS, EMPLOYEES AND/OR TRUSTEES OF RELATED LABOR ORGANIZATIONS. SOME TRUSTEES CAN ALSO BE INVOLVED AS DIRECTORS/TRUSTEES OF OTHER BENEFIT TRUSTS FOR THE BENEFIT OF EMPLOYEES PARTICIPATING IN THIS TRUST. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE DAY-TO-DAY OPERATIONS OF THE TRUST ARE CONTRACTED OUT TO A THIRD-PARTY ADMINISTRATOR, AND CERTAIN SELF-INSURED BENEFITS ARE PROCESSED BY THIRD-PARTY CLAIMS PROCESSORS UNDER ADMINISTRATIVE SERVICE ONLY ARRANGEMENTS. HOWEVER, THE BOARD OF TRUSTEES RETAINS ULTIMATE RESPONSIBILITY AND OVERSIGHT FOR THE OPERATIONS OF THE TRUST. |
| FORM 990, PART VI, SECTION A, LINE 4 | AMENDMENT NO. 3 TO THE AMENDED AND RESTATED TRUST AGREEMENT (AS AMENDED AND RESTATED EFFECTIVE AUGUST 1, 2015) WAS ADOPTED ON OCTOBER 31, 2023. THE AMENDMENT CHANGED A PROVISION IN THE TRUST AGREEMENT SURROUNDING ACTION WITHOUT A FORMAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TRUST IS ADMINISTERED BY A TEN-MEMBER BOARD OF TRUSTEES. INDIVIDUAL TRUSTEE POSITIONS ARE FILLED AND REMOVED BY THE APPOINTING AUTHORITIES DESCRIBED BELOW. UNION TRUSTEES: DISTRICT COUNCIL #5 OF THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES (IUPAT) HAS THE APPOINTING AND REMOVAL AUTHORITY, ACCORDING TO ITS INTERNAL RULES, PROCEDURES OR PRACTICES, OVER THREE UNION TRUSTEE POSITIONS. PAINTERS UNION LOCAL NO. 159 OF THE IUPAT HAS SIMILAR AUTHORITY OVER ONE UNION TRUSTEE POSITION. TOGETHER, THESE FOUR UNION TRUSTEE POSITIONS HAVE THE APPOINTING AND REMOVAL AUTHORITY OVER THE ONE AT-LARGE UNION TRUSTEE POSITIONS. EMPLOYER TRUSTEES: WESTERN WASHINGTON SIGNATORY PAINTING EMPLOYERS HAVE THE APPOINTING AND REMOVAL AUTHORITY OVER TWO EMPLOYER TRUSTEE POSITIONS. THE SIGNATORY PAINTING CONTRACTORS OF OREGON HAVE SIMILAR AUTHORITY OVER ONE EMPLOYER TRUSTEE POSITION. TOGETHER, THESE THREE EMPLOYER TRUSTEE POSITIONS HAVE THE APPOINTING AND REMOVAL AUTHORITY OVER THE TWO AT-LARGE EMPLOYER TRUSTEE POSITIONS. EACH TRUSTEE CONSENTS TO AND ACCEPTS THE APPOINTMENT AS A TRUSTEE IN WRITING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TRUST'S CPA PREPARED THE FORM 990 WHICH IS REVIEWED BY THE PLAN ADMINISTRATOR AND PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUST REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. A COPY OF THE TRUST'S CONFLICT OF INTEREST POLICY HAS BEEN DISTRIBUTED TO EACH TRUSTEE. AT A DESIGNATED BOARD MEETING, AT LEAST ANNUALLY, THE BOARD OF TRUSTEES REVIEWS THE POLICY. FURTHER, ANY INTERESTED PARTY WHO HAS KNOWLEDGE OF ANY TRANSACTION THAT MAY ARGUABLY BE RESTRICTED PURSUANT TO THE POLICY, IS UNDER A CONTINUING OBLIGATION TO DISCLOSE SUCH INFORMATION AND INVESTIGATE. DOCUMENTATION WILL INCLUDE A DESCRIPTION OF THE ISSUE, PERTINENT FACTS, CIRCUMSTANCES AND INQUIRIES, AS WELL AS CONCLUSIONS REACHED BY THE BOARD OF TRUSTEES AND RELATED ACTIONS TAKEN BY THE BOARD OF TRUSTEES. IF THE BOARD OF TRUSTEES DETERMINES THAT A CONFLICT EXISTS BETWEEN THE TRUST AND A TRUSTEE, THE TRUSTEE WILL BE PROHIBITED FROM DISCUSSIONS, VOTES OR ATTEMPTS TO INFLUENCE THE ISSUE OR DECISION THAT IS IMPACTED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS ARE REVIEWED AT LEAST ANNUALLY BY THE BOARD OF TRUSTEES. COMPENSATION AND BENEFITS ARE COMMENSURATE WITH THE LEVEL OF SERVICE PERFORMED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE TRUST'S THIRD-PARTY ADMINISTRATOR. |
| FORM 990, PART VII, SECTION A: | TRUSTEES ARE NOT COMPENSATED BY THE TRUST FOR SERVICES. COMPENSATION PAID TO CERTAIN TRUSTEES WHO ARE EMPLOYED BY RELATED ORGANIZATIONS IS PROPERLY REPORTED ON THE EMPLOYER ANNUAL TAX FILINGS. PLEASE CONTACT THE ADMINISTRATIVE OFFICE IF YOU HAVE ANY QUESTIONS. |
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