2024-11-08T08:29:46-06:00 2023-12-31 222951202 MSPC CPA'S AND ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-01-01 237159212 ASBESTOS WORKERS WELFARE FUND LOCAL 32 ASBE 8567932501 36 HOPATCHUNG ROAD HOPATCONG NJ 07843 JOHN DWYER TRUSTEE 8567932501 2024-11-08 1 1 ROBERT J JANNELLI CPA P00450209 9082727000 2023 2024-10-15 13:58:12Z JOHN DWYER 36 HOPATCHUNG ROAD HOPATCONG NJ 07843 12057766 0 X N/A X 1957 NJ THE FUND WAS ESTABLISHED TO PROVIDE HEALTH AND DEATH BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT. 8 4 2 0 0 0 0 0 7345661 7977415 -209122 52511 11544 0 7148083 8029926 0 0 8495649 8014857 0 0 0 0 0 479949 528500 8975598 8543357 -1827515 -513431 5682077 5696320 1340092 1344725 4341985 4351595 THE FUND WAS ESTABLISHED TO PROVIDE HEALTH, DEATH, VACATION AND SCHOLARSHIP BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT. 0 0 THE FUND WAS ESTABLISHED TO PROVIDE HEALTH, DEATH, VACATION AND SCHOLARSHIP BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT AND IS FUNDED BY EMPLOYER CONTRIBUTIONS BASED ON SET RATES FOR EACH HOUR WORKED BY MEMBERS. 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 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 11 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X BASIL CASTROVINCI ASSOCIATES INC ACTUARIES & ADMINISTRATORS 9736013828 36 HOPATCHUNG ROAD HOPATCONG NJ 07843 JOHN DWYER UNION TRUSTEE 1.00 40.00 X 0 163477 124294 PAUL LEGRAND FORMER UNION TRUSTEE 1.00 40.00 X 0 0 0 JC FARMER UNION TRUSTEE 1.00 2.00 X 0 157030 122992 BRIAN PENT UNION TRUSTEE 1.00 1.00 X 0 5042 3607 JOHN MAZOR EMPLOYER TRUSTEE 1.00 X 0 0 0 RICK BAPTISTA EMPLOYER TRUSTEE 1.00 X 0 0 0 JEFFREY CHAPLIN EMPLOYER TRUSTEE 1.00 X 0 0 0 KURT NALE EMPLOYER TRUSTEE 1.00 X 0 0 0 DERECK VERGARI UNION TRUSTEE 1.00 40.00 X 0 142134 75124 0 467683 326017 0 0 1 0 CIGNA 1601 CHESTNUT STREET PHILADELPHIA PA 19192 MEDICAL CLAIMS PROCESSING 206209 BASIL CASTROVINCI ASSOCIATES INC 36 HOPATCHUNG ROAD HOPATCONG NJ 07843 THIRD PARTY ADMINISTRATOR 140162 2 EMPLOYER CONTRIBUTIONS 230000 7618455 7618455 PARTICIPANT CONTRIBUTIONS 230000 358960 358960 7977415 130992 130992 3949359 4027840 -78481 -78481 -78481 8029926 7977415 0 52511 8014857 140162 46108 25275 28077 270708 87 3687 5344 BANK CHARGES 6573 PCORI FEE 2123 DUES & SUBSCRIPTIONS 356 8543357 447525 535266 93477 48425 591283 661677 4168 48978 4295085 3986622 250539 415352 5682077 5696320 1333063 1305634 7029 39091 1340092 1344725 X 0 0 0 0 4341985 4351595 4341985 4351595 5682077 5696320 -513431 523041 0 X X 0 1 X 1 0 0 DUE FROM RELATED FUNDS 159040 ACCRUED INTEREST RECEIVABLE 16312 DEPOSITS 240000 415352 DUE TO RELATED FUNDS 10184 RECIPROCAL CONTRIBUTIONS PAYABLE 28907 39091 X 8524890 523041 523041 8001849 28077 28077 8029926 8538518 1315518 1315518 7223000 28077 1292280 1320357 8543357 PART X, LINE 2: THE PLAN HAS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") DATED OCTOBER 1957 STATING THAT THE VEBA TRUST ESTABLISHED UNDER THE PLAN WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE ("IRC"). THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 2D - OTHER ADJUSTMENTS: MEDICAL BENEFIT CLAIMS PAYABLE - 2022 VACATION BENEFIT CLAIMS PAYABLE - 2022 PART XII, LINE 4B - OTHER ADJUSTMENTS: MEDICAL BENEFIT CLAIMS PAYABLE - 2023 VACATION BENEFIT CLAIMS PAYABLE - 2023 X 0 0 0 JOHN DWYER UNION TRUSTEE 0 163477 0 0 0 0 0 85175 0 39119 0 287771 0 0 JC FARMER UNION TRUSTEE 0 157030 0 0 0 0 0 83873 0 39119 0 280022 0 0 DERECK VERGARI UNION TRUSTEE 0 142134 0 0 0 0 0 42182 0 32942 0 217258 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY THE TRUSTEES AND APPROVED PRIOR TO FILING AND A COPY OF THE FILED FORM 990 IS MADE AVAILABLE TO UPON REQUEST TO ANY MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE FUND DISCLOSES SUCH INFORMATION ON THE FORM 990, WHICH IS A PUBLIC DOCUEMENT. ALL OF THIS INFORMATION IS DISCLOSED IN THE ORGANIZATIONS TRUST DOCUMENT. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. HFIAW LOCAL 32 EDUCATION FUND 20000 HORIZON WAY MT LAUREL NJ 08054 227011355 TO PROVIDE TRAINING THROUGH EDUCATION PROGRAM TO QUALIFIED MEMBERS NJ 501(C)(5) 0 HFIAW LOCAL 32 BROADWAY VERONA CORP INC 318 CLEVELAND AVENUE HIGHLAND PARK NJ 089041845 222087521 TO PROVIDE OFFICE AND EDUCATION FACILITIES NJ 501(C)(2) 0 HFIAW LOCAL 32 LOCAL 32 318 CLEVELAND AVENUE HIGHLAND PARK NJ 089041845 220743980 TO PROVIDE CERTAIN MEMBER BENEFITS UNDER COLLECTIVE BARGAINING AGREEMENTS NJ 501(C)(5) 0 HFIAW LOCAL 32 PENSION FUND 20000 HORIZON WAY MT LAUREL NJ 08054 221715513 TO PROVIDE A PENSION RETIREMENT BENEFIT TO MEMBERS NJ 401 (A) 0 HFIAW LOCAL 32 ANNUITY FUND 20000 HORIZON WAY MT LAUREL NJ 08054 222410262 TO PROVIDE AN INDIVIDUAL ANNUITY ACCOUNT TO MEMBERS NJ 401 (A) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 HFIAW LOCAL 32 ANNUITY FUND P 6573 PROPORTIONATE SHARE OF BANK FEES