2024-11-08T14:20:14-06:00 2023-12-31 131577780 SCHULTHEIS & PANETTIERI LLP 450 WIRELESS BLVD HAUPPAUGE NY 11788 990 2023-01-01 135622663 IRON WORKERS LOCALS 40 361 & 417 HEALTH FUND IRON 2126841586 451 PARK AVE SOUTH NEW YORK NY 10016 DANIEL D DOYLE TRUSTEE 2126841586 2024-11-08 1 1 CAROL WESTFALL P00539069 6312734778 2023 2024-10-15 13:58:12Z BRIAN J SABBAGH 451 PARK AVE SOUTH NEW YORK NY 10016 259081613 0 X WWW.IWUSF.NET X 1948 NY TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS. 16 16 19 0 0 0 0 0 117613900 108279862 2333219 3637394 39357 167526 119986476 112084782 0 0 114311353 106575288 2304820 4193472 0 0 0 2670085 77145 119286258 110845905 700218 1238877 207404664 215251956 34516577 31673254 172888087 183578702 TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS. 0 0 TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2602 0 1 19 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 X BRIAN J SABBAGH 2126841586 451 PARK AVE SOUTH NEW YORK NY 10016 JAKE BIDOSKY EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 STEVE ISAACSON EMPLOYER TRUSTEE - THRU 5/23 0.50 0.50 X 0 0 0 GORD LEDER EMPLOYER TRUSTEE - EFF 9/23 0.50 0.50 X 0 0 0 ROBERT SAMELA EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 DAVID PISACRITA EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 ALAN SEIDMAN EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 DANIEL TEUTUL EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 TERRY FLYNN EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 ROBERT WEISS EMPLOYER TRUSTEE 0.50 0.50 X 0 0 0 DANIEL DOYLE UNION TRUSTEE 0.50 0.50 X 0 0 0 MICHAEL GAYDOS UNION TRUSTEE 0.50 0.50 X 0 0 0 JOHN CUSH UNION TRUSTEE 0.50 0.50 X 0 0 0 CHRISTOPHER WALSH UNION TRUSTEE 0.50 0.50 X 0 0 0 ROBERT JOHNSON UNION TRUSTEE - EFF 09/23 0.50 0.50 X 0 0 0 KEITH EISGRUBER UNION TRUSTEE 0.50 0.50 X 0 0 0 MATTHEW P STODDARD UNION TRUSTEE 0.50 0.50 X 0 0 0 ANTHONY DEBLASIE UNION TRUSTEE 0.50 0.50 X 0 0 0 MATTHEW CHARTRAND UNION TRUSTEE 0.50 0.50 X 0 0 0 ROBERT WALSH UNION TRUSTEE - THRU 09/23 0.50 0.50 X 0 0 0 BRIAN J SABBAGH FUND ADMINISTRATOR 35.00 5.00 X 242055 0 136877 IAN CHAN EMPLOYEE 35.00 5.00 X 215577 0 67155 JOHN DELANEY EMPLOYEE 35.00 5.00 X 209508 0 136877 JIM DUFFICY EMPLOYEE 35.00 5.00 X 194152 0 136877 ELSIE O'NEILL EMPLOYEE 35.00 5.00 X 193825 0 136877 1055117 0 614663 9 0 1 0 JOINT MULTI SERVICE ASSOCIATES LTD 89 JOSEPH AVENUE STATEN ISLAND NY 10304 ACCOUNTING 316000 SEGAL CONSULTANTS 333 WEST 34TH STREET NEW YORK NY 10001 ACTUARIAL 284060 COLLERAN O'HARA & MILLS LLP 100 CROSSWAYS PARK DR W 200 WOODBURY NY 11797 LEGAL 269082 BANK OF NEW YORK MELLON 240 GREENWICH STREET NEW YORK NY 10286 INV CUST/MANAGER 230594 WESTERN ASSET MANAGEMENT CO 620 8TH AVENUE 50TH FLOOR NEW YORK NY 10018 INVESTMENT MANAGER 207241 6 PARTICIPANT CONTRIBUTIONS 238900 62015642 62015642 EMPLOYER CONTRIBUTIONS 238900 46264220 46264220 108279862 5144324 5144324 145489901 146996831 -1506930 -1506930 -1506930 COLLECTION, INT, LIQ & SETTLEMENT 238900 167526 167526 167526 112084782 108447388 0 3637394 106575288 2364799 926303 721425 180945 284332 434716 584783 289565 270972 282091 573239 60464 60740 421778 AUTO 22797 REIMB FROM RELATED -3208332 110845905 22576169 2537314 11265570 29038975 4965672 8348947 154452 154452 2553876 2428379 118587 125497 172204162 161516015 170901 6808199 2671708 207404664 215251956 26716582 620328 7799995 31052926 34516577 31673254 X 0 0 0 0 172888087 183578702 172888087 183578702 207404664 215251956 1238877 9451738 0 X 0 1 X 1 0 2526156 2419909 106247 27720 8470 19250 125497 DUE TO RELATED ORGANIZATIONS 5706597 NET TRADES PENDING SETTLEMENT 837530 OPERATING LEASE LIABILITY 2892429 CLAIMS PAYABLE AND IBNR 21616370 31052926 120951737 9451738 9451738 111499999 584783 584783 112084782 115172222 0 115172222 584783 -4911100 -4326317 110845905 PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN IBNR -4,911,100. X 0 0 0 BRIAN J SABBAGH FUND ADMINISTRATOR 242055 0 0 0 0 0 70026 0 66851 0 378932 0 0 0 IAN CHAN EMPLOYEE 215577 0 0 0 0 0 39500 0 27655 0 282732 0 0 0 JOHN DELANEY EMPLOYEE 209508 0 0 0 0 0 70026 0 66851 0 346385 0 0 0 JIM DUFFICY EMPLOYEE 194152 0 0 0 0 0 70026 0 66851 0 331029 0 0 0 ELSIE O'NEILL EMPLOYEE 193825 0 0 0 0 0 70026 0 66851 0 330702 0 0 0 PART III - ADDITIONAL INFORMATION BRIAN J. SABBAGH RECEIVED COMPENSATION AND BENEFITS IN HIS CAPACITY AS FUND ADMINISTRATOR OF THIS ENTITY AND THE RELATED ANNUITY, APPRENTICE, PENSION, AND TOPPING OUT FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THE HEALTH FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE HEALTH FUND'S PORTION OF THESE EXPENSES IS 64% OF THE GROSS AMOUNTS DETAILED ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND ADMINISTRATOR AND CONTROLLER WHO WORK FULL TIME FOR THE PLANS. ONCE COMPLETE, THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE PLAN MONITORS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE PLAN'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PARTICIPANTS UPON REQUEST. IRON WORKERS LOCALS 40 361 & 417 PENSION FUND 451 PARK AVE SOUTH NEW YORK NY 10016 516102576 TO PROVIDE PENSION BEN TO PARTICIPANTS NY 401(A) N/A N/A 0 IRON WORKERS LOCALS 40 361 & 417 ANNUITY FUND 451 PARK AVE SOUTH NEW YORK NY 10016 237299279 TO PROVIDE ANNUITY BEN TO PARTICIPANTS NY 401(A) N/A N/A 0 THE TOPPING OUT FUND OF THE IRON WORKERS LOCALS 40 361 & 417 451 PARK AVE SOUTH NEW YORK NY 10016 133156507 TO PROVIDE MEDICAL & UNEMPLOYMENT BEN TO PARTICIPANTS NY 501(C)(9) N/A N/A 0 IRON WORKERS LOCALS 40 & 361 APPRENTICESHIP & TRAINING FUND 35-23 36TH STREET ASTORIA NY 11106 132571023 TO PROVIDE TRAINING TO PARTICIPANTS NY 501(C)(3) LINE 7 N/A 0 SEE SCHEDULE R SUPPLEMENTAL INFORMATION SEE SCHEDULE R SUPPLEMENTAL INFORMATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 FORM 990, SCHEDULE R, PART II AND IV TRUSTEES LISTED ON PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION OR ANY RELATED ORGANIZATION IN THEIR CAPACITY AS TRUSTEES OF THIS ORGANIZATION. CERTAIN TRUSTEES LISTED ON PART VII, SECTION A, DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION, BUT DO RECEIVE COMPENSATION FROM IRON WORKERS LOCALS 40, 361 AND 417 UNIONS (THE UNIONS") IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THE UNIONS. ACCORDINGLY, THEIR COMPENSATION IS REPORTED ON THE FORM 990 OF THE UNIONS. THE INFORMATION DISCLOSED ON THE ATTACHED SCHEDULE OF RELATED PARTIES IS THAT WHICH WAS AVAILABLE TO THIS ORGANIZATION AT THE TIME OF THIS FILING. FORM 990, SCHEDULE R ATTACHMENT, RELATED ORGANIZATIONS PART III & IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP OR CORPORATION OR TRUST. A & G DELTA A & J CRANE SERVICE A & V STEEL (AUDIT) A & V STEEL (AUDIT) PRO-METAL PS 121Q A & V STEEL AUDIT 2/5-12/23/18 305K PLUS A & V STEEL, LLC A J MCNULTY CO INC A. SERVIDONE SERVICES & SALES CORP. AAA REINFORCING LLC AALCO TRANSPORT & STORAGE INC. ABC & NY CONSTRUCTION, INC. ABC CONSTRUCTION CONTRACTING INC ABGNJ, LLC ABLE RIGGING CONTRACTORS, INC ACCESS ANVIL CORP ADAM'S EUROPEAN CONTRACTING, INC AFC SOLAR LLC AHERN PAINTING CONTRACTORS, INC AJAY GLASS & MIRROR CO., INC. ALC STEEL CORP. ALL AROUND CONTRACTING CORP. ALLBAR STEEL INC AMERICAN BRIDGE COMPANY AMERICAN IRON INC. AMERICAN STRUCTURAL WORKS, AJV ANNANDALE CONSTRUCTION CORP ANVIL IRON WORKS, INC. ARBEN GROUP, LLC ARCHER DAY INC ATLANTIC MANUFACTURING AND CONTRACTING CORP ATLAS PAINTING AND SHEETING CORP ATLAS PROFESSIONALS INC B. M. ALTER ERECTORS CORP BANGOR STEEL CORP BARNHART CRANE & RIGGING CO. BASEC CORP BD ERECTORS BEAVER CONCRETE CONSTRUCTION CO INC BERLIN STEEL CONSTRUCTION CO BIRDAIR INC BLAIR CONSTRUCTION BLAKESLEE PRESTRESS INC BMG RIGGING & HAULING BRANDSAFWAY INDUSTRIES LLC BROTHERS & COMPANY, INC. BUDCO ENTERPRISES BURGESS STEEL ERECTORS OF NEW YORK, LLC BURT CRANE & RIGGING C & H RENTALS INC. CHAMPION PAINTING SPECIALTY SERVICES CORP CHAMPION SPECIALTY SERVICES LLC CHRISTINA STEEL, INC CITY EVOLUTIONARY CONSTRUCTION, LLC COMMODORE MAINTENANCE CORP COMPOSITE TECHNOLOGY & INFRASTRUCTURE, CTI CORNELL & COMPANY INC CRESCENT BUILDING SERVICES, LLC CRYSTAL STEEL FABRICATORS D & J CONCRETE CORP D A COLLINS CONSTRUCTION CO INC DARLIND ASSOCIATES, INC. DEBORAH BRADLEY CONST. & MGMNT SVC DEFOE CORP DKM STEEL CONSTRUCTION CORP DORAL CORPORATION E & Y GENERAL CONST. CO., INC. E.E. CRUZ & COMPANY, INC. EAGLE ERECTORS GROUP, LTD ECCO 111 ENTERPRISES INC ECOBAT E-GILL REBAR, LLC EL SOL CONT. CORP/GCCOM CONST. J.V. EL SOL CONTRACTING CORP EL SOL CONTRACTING/ ES 11 ENT J.V. EL SOL DEFOE JV ELDERLEE INC EMI GUIDE RAIL, L.L.C. EMPIRE CITY IRON WORKS ERECTION & WELDING CONTRACTORS, LLC ERIN ERECTORS & CONSTRUCTION INC. ESW SPECIALTY SERVICES, LLC EVERYTHING WELDING LLC FAIRBORN EQUIPMENT COMPANY FALCON BUILDER, INC FALL FITTINGS INC FERREIRA CONSTRUCTION CO. INC. FMB INC FOREFRONT CONTRACTING, INC FREEDOM IRONWORKS, INC G C COM CONSTRUCTION CO., INC GABRIEL STEEL ERECTORS, INC. GATEWAY DEMO - CIVIL CORP GCT CONSTRUCTORS JV GEORGE YOUNG MAMMOET GIACORP CONTRACTING INC GLASMAR STEEL ERECTORS INC GLENRIDGE FABRICATORS GLOBAL WIND SERVICE GMAC CONSTRUCTION,LLC GUYTEC STEEL INC H & L CONTRACTING, LLC HALLEN WELDING SERVICE HALMAR INTERNATIONAL, LLC HARRISON & BURROWES BRIDGE CONSTR HI TECH STEEL INC HINSS J.V. HUDSON VALLEY BRIDGE CONSTRUCTION, INC. HUDSON VALLEY GLASS & METAL WORKS, INC. HUDSON VALLEY PLACING, LLC ICON CONTRACTING GROUP INC IMPERIAL IRON WORKS INDUSTRIAL STEEL STRUCTURES, INC INTEGRATED STRUCTURES CORP IRON WK LOCAL 40 361 417 IRON WORKERS DISTRICT COUNCIL IRON WORKERS LOC 40 & 361 APPRENTICE TRAINING FUND IRON WORKERS LOCAL 361 IRON WORKERS LOCAL 40 IRON WORKERS LOCAL 417 IRON WORKERS LOCAL 417 T & E FUND IRONCLAD CONCEPTS IRV SCHRODER & SONS J ANTHONY EQUIPMENT CO J FLETCHER CREAMER & SON, INC J.C. STEEL ERECTORS CORP. J.D. MISCELLANEOUS METALS, LLC JAG D CONSTRUCTION, INC JEMCO ERECTORS, INC JOHN CIVETTA & SONS, INC JS GENERAL CONTRACTING JUDLAU CONTRACTING K M SIMMONS INC KANE CONTRACTING, INC KCM CONTRACTING INC. KENVIL UNITED CORP. KEY CONSTRUCTION SERVICES, LLC KG CONSTRUCTION SERVICES, INC KIEWIT CONSTRUCTORS INC. KOCH SKANSKA, INC. KOEHLER MASONRY CORP. KRAEMER BUILDING CORP L & L PAINTING CO., INC L M SESSLER EXCAVATING AND WRECKING, INC L&M FABRICATION & MACHINE, INC LANE SUPPLY INC LOMBARDI PLANNING GROUP LLC LOMBARDY DOOR SALES & SVC LONGHOUSE CONSTRUCTION GROUP, LLC MACE CONTRACTING CORP MACEDOS CONSTRUCTION CO MARQ STEEL SERVICES METRO STEEL INCORPORATED METROPOLITAN WALTERS, LLC MID TOWN HEIGHTS, INC. MIDEAST MACHINERY MOVERS MIDTOWN CONTRACTING LLC MIDWEST STEEL, INC MINESTONE CONSTRUCTION LLC MOHEGAN ASSOCIATES MSC STEEL, LLC NATIONAL ENVIRONMENTAL SAFETY CO., INC. NEXT GEN IRON, LLC NICHOLSON CORP NORDIC CONTRACTING CO INC NORTH JERSEY REBAR, LLC NORTHEAST REMSCO CONSTRUCTION INC NORTHEAST STRUCTURAL STEEL, INC. NORTHERN STUD WELD NORTHSTAR ERECTORS, INC NUCO PAINTING CORP NUCO PAINTING CORP. NYC CONSTRUCTORS LLC NYSFAB, INC. OCE CONTRACTING OCS INDUSTRIES, INC ORADELL CONSTRUCTION CO, INC OVERHEAD DOOR CO OF GLENS FALLS ,INC PARAMOUNT BUILDING CONSTRUCTION INC PERMADUR IND INC T/A SISSCO PMC REBAR INC PONDEROSA FENCE ENTERPRISES, INC. PRECAST SERVICES INC PROFEX, INC PULASKI FENCE CORP R BAKER & SON ALL INDUSTRIAL SVCS RAILROAD CONSTRUCTION CO., INC RED IRONWORKS, INC RIG ALL, INC RINGLER CONSTRUCTION LLC ROBERT L GEROSA INC ROMA IRON WORKS INC RPM STEEL INC SAFESPAN PLATFORM SYSTEMS, INC. SAHEET CONSTRUCTION CORP SCHIAVONE CONSTRUCTION CO SECURITY SYSTEMS INSTALLATION, INC SJF IRONWORKS SKANSKA MECHANICAL AND STRUCTURAL INC. SKYLIFT CONTRACTOR CORP. SKYSCRAPER STEEL STONEBRIDGE INC STRUCTURAL SERVICES INC. STRUCTURAL SYSTEMS INC SULLIVAN CONSTRUCTION GROUP,LLC SUPOR RIGGING, LLC SYMBRANT AVIATION SERVICES SYOSSET STEEL CORP. THIRD TRACK CONSTRUCTORS THOMAS NOVELLI CONTRACTING CORP THREE D RIGGING & CONSTRUCTION, INC TITAN ERECTORS, INC TRANSIT CONSTRUCTION CORP. TRI-CITY STEEL ERECTORS, INC TRIPLE H CONSTRUCTION, INC TULLY CONSTRUCTION CO., INC. TUTOR PERINI CORP UCG GLOBAL UNICORN CONSTRUCTION ENT. INC. UNIK GROUP SA DE CV CORP UNIONPORT CONSTRUCTORS, JV (UCJV) UNITED BRIDGE CONSTRUCTION INC. UNITED FENCE & GUARD RAIL CORP UNITED IRON INC UNITED STRUCTURAL WORKS UNIVERSAL CONSTRUCTION RESOURCES, INC UTB UNITED TECHNOLOGY INC. VILLA CONST INC W & W STEEL ERECTORS, LLC WILD ATLANTIC BUILDING SOLUTIONS, INC WILLIAMS SPECIALTY #2 FROM #4469 WORTH CONSTRUCTION CO., INC WURTS BRIDGE CONSTRUCTORS, LLC XTREME CONSTRUCTION CORP YABOO FENCE CO YONKERS CONTRACTING CO ZORIA HOUSING LLC