2020-11-13T16:47:42-06:00 2019-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2019-01-01 261508254 United Mine Workers of America Prefunded Benefit Plan % SAMUEL RODRIGUEZ UNIT 2025212200 2121 K STREET NW Suite 350 WASHINGTON DC 200371879 MICHAEL H HOLLAND CHAIRMAN 2025212200 2020-11-13 true RICHARD L RUVELSON P00234075 3012726000 209.190.253.84 22006220203185000140 2020-11-13 P 226CA4395476530C685690E683D5D78B779D1758 EBD8DFBC700724A96E49BF1A406FB658268A8823 2019 2021-04-22 16:20:28Z MICHAEL H HOLLAND 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 9880855 false X WWW.UMWAFUNDS.ORG X 2008 DC HIGH QUALITY DELIVERY OF CONTRACTUALLY MANDATED BENEFITS TO ELIGIBLE BENEFICIARIES IN THE MOST EFFICIENT AND EFFECTIVE MANNER POSSIBLE. 4 0 0 0 0 0 0 2238515 3029241 8383447 2101943 0 0 10621962 5131184 0 0 7624540 7585763 0 0 0 0 0 1378853 1527752 9003393 9113515 1618569 -3982331 136675644 147213584 333554 448409 136342090 146765175 HIGH QUALITY DELIVERY OF CONTRACTUALLY MANDATED BENEFITS TO ELIGIBLE BENEFICIARIES IN THE MOST EFFICIENT AND EFFECTIVE MANNER POSSIBLE FOR RETIREES UNDER A COLLECTIVE BARGAINING AGREEMENT. false false SERVES AS A TRUST FOR A MULTIEMPLOYER WELFARE PLAN THAT PROVIDES MEDICAL AND VISION BENEFITS. false false false false false false false false false false false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 4 0 true false false false false true false true true false false true true true true true true true true false X SAMUEL RODRIGUEZ 2025212287 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 X MICHAEL O MCKOWN TRUSTEE 0.25 32.0 X 0 393104 31576 LORRAINE LEWIS EXECUTIVE DIRECTOR 0.09 34.91 X 0 368823 35775 DALE R STOVER DIRECTOR OF FINANCE 0.07 34.93 X 0 247558 30206 MICHEAL W BUCKNER TRUSTEE (EFF 09/2019) 0.25 24.0 X 0 114921 23583 MICHAEL H HOLLAND TRUSTEE, CHAIR 0.25 30.0 X 0 98130 23871 MARTY HUDSON TRUSTEE (THRU 08/2019) 0.25 21.0 X 0 83461 23487 JOSEPH R RESCHINI TRUSTEE 0.25 23.0 X 0 50000 0 0 1355997 168498 0 false true false UMWA 1974 PENSION PLAN 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 ADMIN SERVICES 639919 KEYSTONE PEER REVIEW ORGAINIZATION 777 EAST PARK DRIVE HARRISBURG PA 17111 GERIATRIC CARE MGMT. 238121 HEALTHSMART BENEFIT SOLUTIONS 222 W LAS COLINAS BLVD 440N IRVING TX 75039 CONTRACT ADMIN. 191459 3 0 MEDICARE REIMBURSEMENTS 525100 3029241 3029241 3029241 1208815 1208815 0 0 0 0 0 5642799 4749671 893128 893128 893128 0 0 0 0 0 0 0 0 0 0 5131184 3029241 2101943 0 0 0 7585763 0 0 0 0 0 0 0 645 35320 0 0 225098 492728 0 16118 15687 0 60915 8502 0 2439 2272 0 8988 5365 ALLOC SALARIES, TAXES, BENEFIT 639919 ALL OTHER ADMIN EXPENSES 13756 9113515 0 0 3130431 2099403 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133350113 143847799 0 0 0 0 0 0 195100 1266382 136675644 147213584 245461 90763 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88093 357646 333554 448409 X 0 0 0 0 136342090 146765175 136342090 146765175 136675644 147213584 X -3982331 14462219 -56803 X false true X true false 0 DUE TO OTHER PLANS 355449 DUE TO BROKER-SECURITIES PURCHASED 2197 357646 X 16339064 14462219 14462219 1876845 225098 3029241 3254339 5131184 5915979 -2972438 -2972438 8888417 225098 225098 9113515 PART X, LINE 2 - FIN 48 FOOTNOTE: Accounting principles generally accepted in the United States of America require management to evaluate income tax positions taken and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there have been no tax related interest or penalties for the periods presented in these financial statements. PART XI, LINE 4B - REVENUES INCLUDED ON FORM 990 BUT NOT INCLUDED ON F/S: $3,029,241 Reimbursements netted on F/S in deductions PART XII, LINE 2D - OTHER EXPENSES AND LOSSES PER AUDITED F/S: $(3,029,241) Reimbursements netted on F/S in deductions $ 80,243 Pension-related changes $ (23,440) Postretirement benefit-related changes ------------ $(2,972,438) false false false MICHAEL O MCKOWN TRUSTEE 0 392494 610 0 0 0 31576 0 424680 0 0 LORRAINE LEWIS EXECUTIVE DIRECTOR 0 356146 5100 7577 0 15336 0 20439 0 404598 0 0 DALE R STOVER DIRECTOR OF FINANCE 0 237178 7600 2780 0 9767 0 20439 0 277764 0 0 PART I, LINE 3 - ESTABLISHING THE COMPENSATION OF THE EXECUTIVE DIRECTOR: THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS ESTABLISHED BY A RELATED ORGANIZATION WHO USES A COMPENSATION SURVEY/STUDY IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION. PART II, COLUMN C - DEFERRED COMPENSATION: $9,504 INCLUDED IN DEFERRED COMPENSATION REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF A QUALIFIED DEFINED BENEFIT PLAN, AS CALCULATED BY THE PLAN ACTUARY. NONE OF THIS INCREASE REPRESENTS AN ACTUAL OUTLAY. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: TRUSTEES MICHAEL H HOLLAND AND JOSEPH R RESCHINI ARE TRUSTEES OF THE UNITED MINE WORKERS OF AMERICA 1992 BENEFIT PLAN, UNITED MINE WORKERS OF AMERICA 1993 BENEFIT PLAN AND THE UNITED MINE WORKERS OF AMERICA COMBINED BENEFIT PLAN. TRUSTEES MICHAEL H HOLLAND AND MARTY D HUDSON ARE TRUSTEES OF THE UNITED MINE WORKERS OF AMERICA 1993 BENEFIT PLAN AND THE UNITED MINE WORKERS OF AMERICA COMBINED BENEFIT PLAN. TRUSTEES MICHAEL H HOLLAND AND MICHEAL W BUCKNER ARE TRUSTEES OF THE UNITED MINE WORKERS OF AMERICA 1993 BENEFIT PLAN, THE UNITED MINE WORKERS OF AMERICA COMBINED BENEFIT PLAN, THE UNITED MINE WORKERS OF AMERICA 1974 PENSION PLAN, AND THE UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OR APPOINTMENT OF GOVERNING BODY: PURSUANT TO THE UNITED MINE WORKERS OF AMERICA PREFUNDED BENEFIT PLAN AGREEMENT AND DECLARATION OF TRUST, THE PLAN IS ADMINISTERED BY A BOARD OF FOUR TRUSTEES WHO ARE THE INDIVIDUALS SERVING AS THE TRUSTEES OF THE UNITED MINE WORKERS OF AMERICA 1993 BENEFIT PLAN, TWO OF WHOM ARE APPOINTED BY THE BITUMINOUS COAL OPERATORS' ASSOCIATION ("BCOA"), AND TWO OF WHOM ARE APPOINTED BY THE UNITED MINE WORKERS OF AMERICA ("UMWA"). THE UMWA MAY REMOVE THE TRUSTEES APPOINTED BY IT, AT ANY TIME AND FOR ANY REASON, AND THE BCOA MAY REMOVE THE TRUSTEES APPOINTED BY IT, AT ANY TIME AND FOR ANY REASON. IN THE EVENT OF RESIGNATION, DEATH, REMOVAL, INABILITY OR UNWILLINGNESS TO SERVE OF A TRUSTEE, THE PARTY WHO APPOINTED THE TRUSTEE SHALL APPOINT A SUCCESSOR. THE PERSON SERVING AS THE CHAIRMAN OF THE UNITED MINE WORKERS OF AMERICA 1993 BENEFIT PLAN SERVES AS THE CHAIRMAN OF THE PLAN. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE TRUSTEES, MANAGEMENT STAFF, AND LEGAL COUNSEL OF THE PLAN HAVE EXTENSIVELY REVIEWED THE PREPARED (BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM) FORM 990 PRIOR TO THE SIGNING AND FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COMPLIANCE: THE UNITED MINE WORKERS OF AMERICA PREFUNDED BENEFIT PLAN REQUESTS STAFF, ON AN ANNUAL BASIS, TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, TO PROVIDE A LIST OF POTENTIAL CONFLICTS OF INTEREST TO MANAGEMENT AND TO DECLARE THAT, TO THE BEST OF THEIR KNOWLEDGE, THEY HAVE NO OTHER POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINES 15A & 15B COMPENSATION REVIEW AND APPROVAL PROCESS: THE UMWA PREFUNDED BENEFIT PLAN ("THE PLAN") RECEIVES ADMINISTRATIVE SERVICES JOINTLY WITH OTHER HEALTH AND PENSION PLANS SERVING RETIREES OF THE COAL MINING INDUSTRY. THESE PLANS ARE COLLECTIVELY REFERRED TO AS THE UMWA HEALTH & RETIREMENT FUNDS ("THE FUNDS"). PURSUANT TO ADMINISTRATIVE SERVICE AGREEMENTS, THE UMWA 1974 PENSION TRUST SERVES AS MASTER ADMINISTRATIVE ENTITY FOR THE OTHER PLANS AND EMPLOYS THE ADMINISTRATIVE STAFF OF THE FUNDS. COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER KEY STAFF OFFICERS, INCLUDING HEADS OF ALL STAFF DEPARTMENTS, IS DETERMINED BY THE BOARD OF TRUSTEES OF THE 1974 PENSION TRUST AFTER CONSULTATION WITH THE BOARD OF TRUSTEES OF THE PLAN AND OTHER BOARDS OF TRUSTEES OF PLANS AMONG THE FUNDS. NEITHER THE EXECUTIVE DIRECTOR NOR ANY STAFF OFFICER SERVES ON THE PLAN'S OR ANY OF THE FUNDS' BOARDS OF TRUSTEES. COMPENSATION OF THE EXECUTIVE DIRECTOR AND ALL KEY STAFF OFFICERS (AS WELL AS ALL OTHER STAFF EMPLOYEES) IS DETERMINED BASED UPON RESULTS OF PERIODIC SURVEYS AND ANALYSIS CONDUCTED BY EXPERT OUTSIDE CONSULTANTS WHO GATHER AND REVIEW COMPENSATION DATA FROM COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. THE MOST RECENT SUCH SURVEY AND ANALYSIS WAS CONDUCTED BY AON HEWITT IN 2017. THE REPORTS AND SUPPORTING DOCUMENTATION OF OUTSIDE COMPENSATION CONSULTANTS AND THE MEMORANDA AND MINUTES REFLECTING THE BOARD OF TRUSTEES' REVIEW OF THESE REPORTS AND THEIR ESTABLISHMENT OF COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER KEY STAFF OFFICERS ALL CONSTITUTE THE CONTEMPORANEOUS DOCUMENTATION OF DECISIONS REGARDING THE COMPENSATION ARRANGEMENT, AND ALL ARE MAINTAINED AS PART OF THE RECORDS OF THE PLAN AND THE FUNDS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLE BLOWING AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST OR INSPECTION AT THE OFFICE OF THE ORGANIZATION. FORM 990, PART VII, SECTION A, COLUMN F ESTIMATED AMOUNT OF OTHER COMPENSATION FROM FILING AND RELATED ORGANIZATION: $12,984 INCLUDED IN OTHER COMPENSATION REPRESENTS AMOUNTS CALCULATED BY THE PLAN ACTUARY AS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF QUALIFIED DEFINED BENEFITS. THESE AMOUNTS REPORTED ARE NOT ACTUAL OUTLAYS OF COMPENSATION TO THE TRUSTEES AND OFFICERS. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NETS ASSETS OR FUND BALANCES: $ (80,243) pension-related changes $ 23,440 postretirement benefit-related changes ------------ $ (56,803) total other changes in net assets ============ UMWA 1993 BENEFIT PLAN 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 521888497 HLTH BENEFITS DC 501(c)(9) N/A false UMWA 1992 BENEFIT PLAN 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 521805437 HLTH BENEFITS DC 501(c)(9) N/A false UMWA COMBINED BENEFIT FUND 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 521805433 HLTH BENEFITS DC 501(c)(9) N/A false UNITED MINE WORKERS OF AMERICA 18354 QUANTICO GATEWAY STE 200 TRIANGLE VA 22172 530159200 LABOR ORG VA 501(c)(5) N/A false BITUMINOUS COAL OPERATORS ASSOCIATION 1176 I STREET NW SUITE 255 WASHINGTON DC 20006 520906130 trade assoc DC 501(c)(6) N/A false BOARD OF TRUSTEES UMWA PREFUNDED BENEF 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 261508254 MANAGEMENT DC N/A false UMWA 1974 PENSION PLAN 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 526150908 PENSION PLAN DC 401(A) NA false UMWA CASH DEFERRED SAVINGS PLAN OF 1988 2121 K STREET NW SUITE 350 WASHINGTON DC 20037 526377947 PENSION PLAN DC 401(A) NA false false false false false false false false false false false false false false true true true false false false