2017-11-16T09:12:51-08:00 2016-12-31 Schultheis & Panettieri LLP 210 Marcus Boulevard Hauppauge NY 117883740 990 2016-01-01 226032181 NORTHEAST CARPENTERS HEALTH FUND NORT 7324173900 PLAZA II RARITAN CTR PO BOX 7818 EDISON NJ 08818 PETER TONIA FUND ADMINISTRATOR 2017-11-16 true CAROL WESTFALL P00539069 6312734778 2016 2017-02-10 21:41:12Z X 710975887 false false X N/A X 1953 NJ The purpose of the plan is to provide health and other benefits to eligible participants. 34 34 977 2811 -3636 0 163536553 304718657 3437720 10042397 2216229 166974273 316977283 0 121727638 221341876 7585553 0 0 5264852 4569358 126992490 233496787 39981783 83480496 497120995 579558184 72324331 58568832 424796664 520989352 The purpose of the plan is to provide health and other benefits to eligible participants. false false The purpose of the plan is to provide health and other benefits to eligible participants. false false false false false false false false false false true true false false true false true false false false true false false false false false false false false true false false false false false false false false false true false false false false false false true false false false false true 2201 0 true 977 true true true false false false false false false false false false false X 34 34 false false false true false false false true true false false true true true true true true false false false X THE PLAN 7324173900 PLAZA II RARITAN CTR PO BOX 7818 EDISON NJ 08818 X ROBERT EPIFANO EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 JACK KOCSIS EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 MARK HALL EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 GLENN GARLATTI EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 BRAD JORREY EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 ANTOHNY PACIFICO THRU 1216 EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 ADAM SCHMIT EFF 116 EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 ERIC JENSON EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 BRIAN MCGLONE EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT POLISANO EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 TODD HELFRICH EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 AARON HILGER EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 JOHN DELOLLIS co-chr/emp tste 1.00 0.00 X 0 0 0 EARL R HALL EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 ALAN SEIDMAN EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 F MATTHEW PEPE EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 FRANK JONES THRU 0916 EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 BRAD WALTERS EFF 0916 EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 JAMES LOGAN EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 JOHN BALLANTYNE CO-CHR/LAB TSTE 1.00 0.00 X 0 0 0 MICHAEL CAPELLI LABOR TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL DEROSA LABOR TRUSTEE 1.00 0.00 X 0 0 0 ALEX LOPEZ EFF 0116 LABOR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT SATRIANO EFF 0116 LABOR TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM SPROULE LABOR TRUSTEE 1.00 0.00 X 0 0 0 ROBERT TARBY LABOR TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY VERRELLI LABOR TRUSTEE 1.00 0.00 X 0 0 0 JAMES MALCOLM EFF 0116 LABOR TRUSTEE 1.00 0.00 X 0 0 0 FREDERICK SWAYZE EFF 116 LABOR TRUSTEE 1.00 0.00 X 0 0 0 SCOTT COLTON EFF 0116 LABOR TRUSTEE 1.00 0.00 X 0 0 0 THOMAS MAIRS LABOR TRUSTEE 1.00 0.00 X 0 0 0 PAUL LEO LABOR TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SHANAHAN LABOR TRUSTEE 1.00 0.00 X 0 0 0 DAVID HAINES LABOR TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM BANFIELD LABOR TRUSTEE 1.00 0.00 X 0 0 0 PETER WOODWARD THRU 1216 LABOR TRUSTEE 1.00 0.00 X 0 0 0 JOHN O'HARE EMPLYR TRUSTEE 1.00 0.00 X 0 0 0 GEORGE LAUFENBERG to 1216 FUND DIRECTOR 40.00 0.00 X 366748 0 75424 DAVid B STEWART thru 616 FUND DIRECTOR 40.00 0.00 X 106946 0 49035 JOHN SULLIVAN EMPLOYEE 40.00 0.00 X 217058 0 77096 STEVE CHARNEY EMPLOYEE 40.00 0.00 X 221923 0 79047 TONYA MCNEIL EMPLOYEE 40.00 0.00 X 206216 0 74313 PHILIP COONEY EMPLOYEE 40.00 0.00 X 183151 0 66802 GEORGE FERNETT EMPLOYEE 40.00 0.00 X 181882 0 66885 1483924 488602 23 false true false aetna inc 151 FARMINGTON AVE HARTFORD CT 06156 CLAIMS PROCESSING 3903258 EXCELLUS BCBS 165 COURT STREET ROCHESTER NY 14647 CLAIMS PROCESSING 1935282 HORIZON BCBS 3 PENN CENTRAL RAILROAD NEWARK NJ 07105 CLAIMS PROCESSING 1578987 VIRGINIA & AMBINDER LLP 111 BROADWAY NEW YORK NY 10006 LEGAL SERVICES 919042 SCHULTHEIS & PANETTIERI LLP 210 MARCUS BLVD HAUPPAUGE NY 11788 ACCT SERVICES 716441 5 0 EMPLOYER CONTRIBUTIONS 900099 240751830 240751830 PART CONT - VAC 900099 38951587 38951587 PARTICIPANT CONTRIB 900099 25015240 25015240 304718657 10216031 2811 10213220 0 0 0 393824970 393998604 -173634 -173634 -173634 0 0 0 OTHER 2216229 2216229 2216229 316977283 306934886 2811 10039586 0 0 0 221341876 598153 0 4482834 1388714 759495 356357 0 370157 238566 0 0 1460388 1443745 0 377794 89872 0 409784 4554 0 60614 0 0 5184 286593 TAXES 10838 REPAIRS & MAINTENANCE 10466 REIMB TO/FROM RELATED ORG -199197 0 233496787 0 0 0 25607920 29604203 49122261 58910250 0 44095220 0 0 0 0 110608 2503302 651647 425782 3431 225865 290741563 345601373 81618689 80821160 0 0 49916523 17796811 497120995 579558184 1578430 3716938 70745901 54851894 72324331 58568832 X 424796664 520989352 424796664 520989352 497120995 579558184 X 83480496 13828285 -1116093 X X false true X true false 182622 179687 2935 19821 19325 496 330667 203956 126711 118537 22814 95723 225865 80821160 CLAIMS PAYABLE and IBNR 30679000 DUE TO RELATED ORGANIZATIONS 6245821 NET TRADES PENDING 1072776 RETURN COLLATERAL HELD UNDER SECURITIES 16854297 54851894 329345180 13828285 13828285 315516895 1460388 1460388 316977283 240049949 240049949 1460388 -8013550 -6553162 233496787 central amer & other caribbean 0 0 investments 18477181 18477181 18477181 true false true false false false false false false DAVid B STEWART thru 616 FUND DIRECTOR 106946 29944 19091 155981 GEORGE FERNETT EMPLOYEE 181882 50025 16860 248767 GEORGE LAUFENBERG to 1216 FUND DIRECTOR 364398 2350 56207 19217 442172 JOHN SULLIVAN EMPLOYEE 215508 1550 59248 17848 294154 PHILIP COONEY EMPLOYEE 183151 49950 16852 249953 STEVE CHARNEY EMPLOYEE 221923 61010 18037 300970 TONYA MCNEIL EMPLOYEE 204846 1370 56734 17579 280529 Part III, Additional Information DAVID B. STEWART receiveD compensation and benefits through 6/16 in his capacity as assistant fund director of the related welfare, pension and annuity funds. Compensation and benefits were paid by the welfare fund with the pension and annuity funds reimbursing 30.5% and 13%, respectively. The welfare poRtion of these EXPENSES were 56.5% of the gross amounts detailed on schedule j, part ii.George Laufenberg received compensation and benefits through 12/16 in his capacity as fund director of the related welfare, pension, annuity and training funds. Compensation and benefits were paid by the welfare fund with the pension and annuity funds reimbursing 24.2% and 21.4%, respectively. The welfare poRtion of these EXPENSES were 54.4% of the gross amounts detailed on schedule j, part ii. roseann haines family mEMBER 171097 employment false alexandra laufenberg family member 61107 employment false katelyn laufenberg family member 101868 employment false Form 990, Part VI, Line 5: Description of Material Diversion of Assets In December 2016 the Board of Trustees became aware of certain actions of the Fund Administrator that the Trustees considered a breach of fiduciary duty and self-dealing. The Trustees have asserted, on behalf of this organization and the related Northeast Carpenters Pension and Annuity Plan, estimated losses (including interest) of over $3 million. Form 990, Part VI, Line 11b: Form 990 Review Process The form 990 was prepared in coordination with full-time employees of the organization. Once complete, the form was provided to and reviewed by the board of trustees prior to submission. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE ORGANIZATION IS AN EMPLOYEE BENEFIT FUND COVERED BY ERISA. THE TRUSTEES HAVE A STATUTORY DUTY UNDER ERISA TO AVOID CONFLICTS AND REPORT THEM AS THEY OCCUR. IN ADDITION, THE FUND'S WRITTEN CONFLICT OF INTEREST POLICY REQUIRES FUND EMPLOYEES TO FULLY AND PROMPTLY DISCLOSE ANY FINANCIAL OR PERSONAL INTEREST THEY HAVE WITH OTHER PARTIES THAT DEAL WITH THE FUND OR BOARD OF TRUSTEES, IN WRITING. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL PARTICIPANTS UPON REQUEST. DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT REQUIRED BY LAW. Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN PRIOR YEAR ACCOUNTING PRESENTATION = -$1116093 PART IV CHECKLIST OF REQUIRED SCHEDULES QUESTION 12A THIS ORGANIZATION OBTAINS SEPARATE AUDITED FINANCIAL STATEMENTS FOR EACH EMPLOYEE BENEFIT PLAN FUNDED BY THIS TRUST. northeast carpenters pension fund plaza ii raritan ctr edison NJ 08818 111991772 BENEFIT FUND NJ 501(A) N/A NA false northeast carpenters annuity fund plaza ii raritan ctr edison NJ 08818 222406812 BENEFIT FUND NJ 501(A) N/A NA false northeast carpenters apprenticeship fund 221 SOUTH 31ST STREET KENILWORTH NJ 07033 237041867 BENEFIT FUND NJ 501(C)3 N/A NA false false false false false false false false false false false true false false true true true true false false