2025-11-10T14:39:34-06:00 2024-12-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2024-01-01 300217152 LOCAL 99 HEALTH AND WELFARE FUND LOCA 9737356464 703 MCCARTER HIGHWAY NEWARK NJ 07102 KEVIN MCCANN TRUSTEE 9737356464 2025-11-05 1 0 TOD CHRISTIANSON P00088252 9734726250 2024 2025-03-06 01:10:19Z KEVIN MCCANN 703 MCCARTER HIGHWAY NEWARK NJ 07102 33985524 0 X WWW.LOCAL99HEALTHANDWELFAREFUND.ORG X 1946 NJ TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS 7 5 0 0 0 0 0 0 24394422 25827049 -556867 2116656 0 0 23837555 27943705 0 0 20791147 24459350 0 0 0 0 0 2920121 3009671 23711268 27469021 126287 474684 31244955 31870479 334691 195786 30910264 31674693 TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS WHO ARE EMPLOYED IN COVERED CRAFTS BY EMPLOYERS WHO CONTRIBUTE TO THE FUND 0 0 HEALTH AND WELFARE BENEFITS PAID TO OR FOR PARTICIPANTS AND BENEFICIARIES, APPROXIMATELY 2,000 PARTICIPANTS WERE INVOLVED. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 X FUND'S BOARD OF TRUSTEES 9737356464 703 MCCARTER HIGHWAY NEWARK NJ 07102 X ALBERTO ARROYO TRUSTEE 10.00 X 0 0 0 KEVIN MCCANN TRUSTEE 30.00 X 0 0 0 MARILYN RUSSELL TRUSTEE 2.00 X 0 0 0 DAVID TORUNO TRUSTEE 2.00 X 0 0 0 CECILIA GOMEZ TRUSTEE 2.00 X 0 0 0 CLEVELAND JENKINS TRUSTEE 2.00 X 0 0 0 MARTIN CANTURIANO TRUSTEE 2.00 X 0 0 0 DEBRA RICH EXECUTIVE DIRECTOR 35.00 X 0 0 0 MAYRA DIFO TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 EMPLOYER CONTRIBUTIONS 900099 23282995 23282995 PARTICIPANT COPAYMENTS 900099 2521704 2521704 COBRA CONTRIBUTIONS 900099 22350 22350 25827049 302877 302877 7855598 6041819 1813779 1813779 1813779 27943705 25827049 0 2116656 24459350 22920 112730 82957 21964 THIRD PARTY BENEFIT ADM 1442431 CONTRACT ADMINISTRATOR 1260474 PRINTING 60933 BANK CHARGES 3109 2153 27469021 387747 1862315 1190989 28303719 28595164 1300000 1300000 62500 113000 31244955 31870479 334691 195786 334691 195786 X 0 0 0 0 30910264 31674693 30910264 31674693 31244955 31870479 474684 289745 0 X X 0 1 X 1 0 0 PROFESSIONAL FEES DUE 112500 BENEFIT CLAIMS DUE 83286 195786 X 28150493 289745 289745 27860748 82957 82957 27943705 27550779 248001 248001 27302778 82957 83286 166243 27469021 PART X, LINE 2: PART IV, LINE 11F: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT WILL NOT BE REALIZED. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: BENEFITS RECORDED IN PRIOR YEAR PER SOP 92-6 PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS RECORDED IN CURRENT YEAR PER SOP 92-6 SCHEDULE D PART XII - LINE 2D AND 4B PART XII LINE 2D OTHER - BENEFITS RECORDED IN PRIOR YEAR PER SOP 92-6: $248,001 PART XII LINE 4B OTHER - BENEFITS RECORDED IN CURRENT YEAR PER SOP 92-6: $83,286 ALBERTO ARROYO INDIVIDUAL IS FUND CHAIRMAN AND CO-MANAGER OF THE CONTRACT ADMINISTRATOR TRANSACTION IS FOR PAYMENT OF $1,260,474 FOR NECESSARY ADMINISTRATIVE SERVICES AND IS BETWEEN THE ORGANIZATION AND A CONTRACT ADMINISTRATOR (LAUNDRY DISTRIBUTION & FOOD SERVICE JOINT BOARD, WORKERS UNITED, SEIU) WHERE THE INDIVIDUAL IS AN OFFICER OF BOTH NON PROFIT ORGANIZATIONS. 0 KEVIN MCCANN INDIVIDUAL IS A FUND TRUSTEE AND CONTROLLER OF THE CONTRACT ADMINISTRATOR TRANSACTION IS FOR PAYMENT OF $1,260,474 FOR NECESSARY ADMINISTRATIVE SERVICES AND IS BETWEEN THE ORGANIZATION AND A CONTRACT ADMINISTRATOR (LAUNDRY DISTRIBUTION & FOOD SERVICE JOINT BOARD, WORKERS UNITED, SEIU) WHERE THE INDIVIDUAL IS AN OFFICER OF BOTH NON PROFIT ORGANIZATIONS. 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE INTERNAL REVIEW ANY QUESTIONS OR CONCERNS ARE DISCUSSED WITH THE EXTERNAL AUDITOR AND ALL NECESSARY CHANGES IF ANY ARE MADE. THE RETURN IS THEN FILED. THE COMPLETED FORM 990 IS THEN LATER DISTRIBUTED TO THE TRUSTEES OF THE FUND AT THEIR NEXT MEETING AND REVIEWED. IN THE UNLIKELIHOOD OF A MATERIAL ERROR OR OMISSION AN AMENDED FORM 990 IS PREPARED. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B: QUESTIONS 15A AND 15B HAVE BEEN ANSWERED NO BECAUSE THE FUND DOES NOT HAVE ANY EMPLOYEES OR COMMITTEE MEMBERS WHO RECEIVE COMPENSATION. THEREFORE, A PROCESS FOR DETERMINING COMPENSATION IS NOT NEEDED. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE PROVIDED UPON REQUEST BY CALLING OR WRITING THE FUND OFFICE. INSPECTION AT THE FUND OFFICE IS AVAILABLE DURING NORMAL WORKING HOURS. THE FORM IS ALSO AVAILABLE FOR FREE ON VARIOUS INTERNET SITES. PART XII LINE 1 THE FUND USES THE MODIFIED CASH BASIS OF ACCOUNTING, A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN U.S. GAAP. MODIFICATIONS TO CASH RECEIPTS AND DISBURSEMENTS BASIS INCLUDE INVESTMENTS STATED AT FAIR VALUE, CERTAIN RECEIVABLES AND PAYABLES. THE RELATED EFFECT OF THESE MODIFICATIONS TO CASH BASIS REPORTING ON ADDITIONS AND DEDUCTIONS IS TO REFLECT CALANDAR YEAR RESULTS. PART XII LINE 2C MEMBERS OF THE HEALTH AND WELFARE COMMITTEE OF THE LOCAL 99 HEALTH AND WELFARE FUND (THE COMMITTEE) HAVE PROCEDURES IN PLACE TO ASSUME RESPONSIBILITY FOR THE OVERSIGHT OF THE ORGANIZATION'S AUDIT. THESE PROCEDURES INCLUDE ENGAGING THE AUDITOR, REVIEWING AND RESPONDING TO REQUIRED COMMUNICATIONS FROM THE INDEPENDENT AUDITOR AND REVIEWING THE FINANCIAL STATEMENTS BEFORE THEY ARE ISSUED. AT THE CONCLUSION OF THE AUDIT, THE COMMITTEE PREPARES AND SUBMITS A REPRESENTATION LETTER TO THE INDEPENDENT AUDITOR FURTHER DOCUMENTING THEIR RESPONSIBILITIES FOR THE AUDIT.