2025-10-02T15:26:44-05:00 2024-12-31 430831507 ANDERS MINKLER HUBER & HELM LLP 800 MARKET STREET SUITE 500 ST LOUIS MO 631012501 990 2024-01-01 430657966 PLUMBERS' & PIPEFITTERS' WELFARE EDUCATIONAL FUND PLUM 3143551000 3640 CORPORATE TRAIL DRIVE EARTH CITY MO 63045 MARK J COLLOM EXECUTIVE DIRECTOR 3143551000 2025-09-29 1 1 DEREK A BARNARD CPA P00748926 3146555500 2024 2025-03-06 01:10:19Z MARK J COLLOM 3640 CORPORATE TRAIL DRIVE EARTH CITY MO 63045 114356290 0 X N/A X 1951 MO PROVIDE HEALTH & RELATED BENEFITS TO MEMBERS OF PLUMBERS AND PIPEFITTERS LOCAL 562 10 8 917 0 7722969 0 0 0 79486490 84053955 6510314 7735631 1208851 1609761 87205655 93399347 0 0 66242733 64903096 8962078 10080770 0 0 0 8310515 8618920 83515326 83602786 3690329 9796561 189373785 203907806 51336526 49296665 138037259 154611141 TO PROVIDE HEALTH AND WELFARE BENEFITS AND EDUCATION TO THE MEMBERS OF THE PLUMBERS AND PIPEFITTERS UNION LOCAL 562. 0 0 64903096 MEMBERS BENEFITS INCLUDE DISABILITY, DENTAL, VISION & EYEGLASSES, LIFE & ACCIDENTAL DEATH, VACATION, HOLIDAY, SEVERANCE & SUB PAY, PRESCRIPTION DRUGS, SICKNESS & HOSPITAL, BUILDING FUND, HEALTH CENTER & APPRENTICE TRAINING BENEFITS. 64903096 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 14 0 1 917 1 1 1 0 0 0 0 0 0 0 X 10 8 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARK J COLLOM 3143551000 3640 CORPORATE TRAIL DRIVE EARTH CITY MO 63045 X JAMES J MURPHY JR TRUSTEE 5.00 X 0 0 0 JOHN J O'MARA TRUSTEE - SEE SCHEDULE O 5.00 X 5568 0 0 MARK V MORGAN TRUSTEE - SEE SCHEDULE O 5.00 X 5568 0 0 DAN LAUGHLIN TRUSTEE - SEE SCHEDULE O 5.00 X 4508 0 0 BRIAN NICHOLS TRUSTEE - SEE SCHEDULE O 5.00 X 5568 0 0 RICHARD M KELLETT TRUSTEE - SEE SCHEDULE O 5.00 X 5568 0 0 NEIL G HABERBERGER TRUSTEE 5.00 X 0 0 0 JOHN DELUCA TRUSTEE 5.00 X 0 0 0 MICHAEL J O'CONNELL III TRUSTEE - SEE SCHEDULE O 5.00 X 5568 0 0 DENNIS CORRIGAN TRUSTEE 5.00 X 0 0 0 MARK J COLLOM EXECUTIVE DIRECTOR 70.00 X 192991 0 47174 MICHAEL V HEPBURN CERTIFIED FINANCIAL OFFICE 50.00 X 132300 0 28077 KEVIN J O'MARA DIRECTOR OF TRAINING 60.00 X 174391 0 31343 MARTIN B MCCLIMENS INSTRUCTOR 56.00 X 157454 0 30728 THOMAS MADDEN INSTRUCTOR 46.00 X 142063 0 28673 PAUL GALLAGHER INSTRUCTOR 45.00 X 138128 0 28087 SCOTT KIELY INSTRUCTOR 45.00 X 135968 0 27863 1105643 0 221945 17 0 1 0 EDWARD REH MD 1345 SMIZER MILL ROAD SUITE 1000 FENTON MO 63026 MEDICAL 277255 ANN HERZOG MD 816 S BEMISTON SAINT LOUIS MO 63105 MEDICAL 222741 RAFI KEVORKIAN MD 522 N NEW BALLAS RD STE 317 SAINT LOUIS MO 63141 MEDICAL 205531 QUEST DIAGNOSTICS P O BOX 14730 SAINT LOUIS MO 63150 MEDICAL 187160 ANDERS MINKLER HUBER & HELM 500 MARKET ST SAINT LOUIS MO 63101 AUDIT AND TAX PREP 186501 5 FRINGE CONTRIBUTION INCOME 561000 84053955 84053955 84053955 7168329 7168329 278342 0 278342 278342 278342 21511583 12662 20956943 0 554640 12662 567302 554640 12662 ADMINISTRATIVE SERVICE INCOME 561000 852055 852055 MISCELLANEOUS 900099 479364 479364 1331419 93399347 85663716 7722969 12662 64903096 432891 7742165 1189253 716461 148332 186501 84799 3797784 317353 284289 406807 36089 1250599 525374 SUPPLIES 572857 SCHOOL EXPENSES 329567 TRAINING INCENTIVES 275200 REPAIRS AND MAINTENANCE 217494 185875 83602786 X 17674097 22852711 9275730 9068726 27404648 10229732 18281788 17174916 28985840 28195223 114955190 125726317 201140 889913 189373785 203907806 2362596 2602304 48973930 46694361 51336526 49296665 X 138037259 154611141 138037259 154611141 189373785 203907806 X 9796561 3102321 3675000 X 0 1 X 0 0 2598880 2598880 4220079 3399082 820997 15736189 2658813 13077376 4849500 4171837 677663 17174916 OTHER GOV'T OBLIGATIONS 18854197 F MUTUAL FUNDS 106872120 F 125726317 ESTIMATED FUTURE BENEFITS BASED ON PARTICIPANTS' ACCUMULATED ELIGIBILITY 38471000 CLAIMS PAYABLE 4575000 DUE TO PLUMBERS' & PIPEFITTERS' LOCAL UNION 562 113408 DUE TO PLUMBERS' & PIPEFITTERS' SUPPLEMENTAL PENSION PLAN AND TRUST 1071923 DUE TO PLUMBERS' & PIPEFITTERS' PENSION PLAN 1102658 CASH OVERDRAFT 1360372 46694361 X 96416869 3102321 3102321 93314548 84799 84799 93399347 83517987 0 83517987 84799 84799 83602786 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED AND INFORMED THE PLAN SPONSOR BY A LETTER DATED FEBRUARY 13, 1967, THAT THE PLAN AND RELATED TRUST ARE DESIGNED IN ACCORDANCE WITH THE APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE ("IRC"). ALTHOUGH THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER, THE PLAN SPONSOR BELIEVES THAT THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE BELIEVES THAT THE PLAN IS QUALIFIED AND THE RELATED TRUST IS TAX-EXEMPT. IN ACCORDANCE WITH GAAP, THE PLAN'S MANAGEMENT IS REQUIRED TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN 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 APPLICABLE TAXING AUTHORITIES. THE PLAN'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN'S MANAGEMENT BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. THE PLAN IS ALSO SUBJECT TO ROUTINE AUDITS BY THE DEPARTMENT OF LABOR, GENERALLY SIX YEARS AFTER THE STATUTORY DUE DATE OF THE ANNUAL INFORMATION RETURN. THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. X 0 0 0 MARK J COLLOM EXECUTIVE DIRECTOR 192991 0 0 0 0 0 12547 0 34627 0 240165 0 0 0 KEVIN J O'MARA DIRECTOR OF TRAINING 174391 0 0 0 0 0 0 0 31343 0 205734 0 0 0 MARTIN B MCCLIMENS INSTRUCTOR 157454 0 0 0 0 0 0 0 30728 0 188182 0 0 0 THOMAS MADDEN INSTRUCTOR 142063 0 0 0 0 0 0 0 28673 0 170736 0 0 0 PAUL GALLAGHER INSTRUCTOR 138128 0 0 0 0 0 0 0 28087 0 166215 0 0 0 SCOTT KIELY INSTRUCTOR 135968 0 0 0 0 0 0 0 27863 0 163831 0 0 0 MICHAEL V HEPBURN CERTIFIED FINANCIAL OFFICE 132300 0 0 0 0 0 0 0 28077 0 160377 0 0 0 DANIEL R O'CONNELL BROTHER OF MICHAEL J. O'CONNELL III, TRUSTEE 162872 RECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUND 0 KEVIN J O'MARA BROTHER OF JOHN J. O'MARA, TRUSTEE 205734 RECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUND 0 FORM 990, PART VI, SECTION A, LINE 2 THE PLAN HAS TWO COMPENSATED EMPLOYEES THAT ARE RELATED TO BOARD MEMBERS. LOOK AT SCHEDULE L FOR MORE INFORMATION. FORM 990, PART VI, SECTION A, LINE 3 THE TRUSTEES HIRED A QUALIFIED PROFESSIONAL ASSET MANAGER (QPAM) TO MANAGE THE LEASES BETWEEN THE WELFARE EDUCATIONAL FUND AND ITS RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL VERSION OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW PRIOR TO ITS BEING ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C THE FUND'S EXECUTIVE DIRECTOR WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF TRUSTEES IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, PROVIDED THOSE PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. IN ADDITION, THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART VI, LINE 2: THE PLAN HAS TWO EMPLOYEES WHO ARE RELATED TO BOARD MEMBERS THAT ARE COMPENSATED. SEE SCHEDULE L FOR THE BREAKDOWN. FORM 990, PART VII, SECTION A, COLUMN D: THE REPORTABLE COMPENSATION AMOUNT FOR JOHN J. O'MARA, MARK V. MORGAN, DAN LAUGHLIN, BRIAN NICHOLS, MICHAEL J. O'CONNELL III, AND RICHARD M. KELLETT IS ENTIRELY MADE UP OF THE VACATION AND HOLIDAY BENEFIT, WHICH ALL JOURNEYMEN RECEIVE. FORM 990, PART X, LINE 16 RECONCILIATION OF TOTAL ASSESTS ON FORM 990 TO FORM 5500: THE BALANCE SHEET ON FORM 990, PART X, IS PRESENTED PER THE FINANCIAL STATEMENTS WHICH WERE ISSUED UNDER GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES). HOWEVER, THIS DOES NOT ACCOUNT FOR THE UNREALIZED APPRECIATION OF LONG LIVED ASSETS PER THE APPRAISALS WHICH TOTALS $6,846,050 AND WHICH CANNOT BE INCLUDED IN THE FINANCIAL STATEMENTS ISSUED UNDER GAAP. TOTAL ASSETS PER FORM 990, PART X, LINE 16: 203,907,806 ADD UNREALIZED APPRECIATION OF LONG LIVED ASSETS: 6,846,050 TOTAL ASSETS PER FORM 5500, SCHEDULE H, PART I, LINE 1F: 210,753,856 FORM 990, PART XI, LINE 9: CHANGE IN NET BENEFIT OBLIGATION 3,675,000. PLUMBERS & PIPEFITTERS LOCAL UNION 562 PENSION FUND 3640 CORPORATE TRAIL DRIVE EARTH CITY MO 63045 430759836 PENSION FOR MEMBERS OF LOCAL 562 MO 401 N/A 0 PLUMBERS & PIPEFITTERS LOCAL 562 SUPPLEMENTAL PENSION PLAN & TRUST 3640 CORPORATE TRAIL DRIVE EARTH CITY MO 63045 436577917 SUPPLEMENTAL PENSION FOR MEMBERS OF LOCAL 562 MO 401 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0