2016-10-07T07:36:02-07:00 2015-12-31 Schultheis & Panettieri LLP 210 Marcus Boulevard Hauppauge NY 117883740 990 2015-01-01 131739693 SHEET METAL WORKERS UNION LOCAL 38 INSURANCE AND WELFARE FUND SHEE 8452789633 38 STARR RIDGE ROAD BREWSTER NY 10509 JOHN TARR UNION TRUSTEE 2016-10-07 true CAROL WESTFALL P00539069 6312734778 2015 2017-02-10 21:41:12Z 13479696 false false X N/A X 1948 NY TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. 6 6 2 0 0 7066824 8279310 1189744 1946291 362370 0 8618938 10225601 0 9066512 10661713 394751 345279 0 0 328986 449148 9790249 11456140 -1171311 -1230539 19281208 18382451 88344 2310881 19192864 16071570 TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. false false TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. false false false false false false false false false false false false false false true false 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 false false false false false true false false false false true 0 0 false 2 true false false false false false false false false false false false false X 6 6 false false false true false false false true false false false true false false false false false false false false X RICHARD PAGANO 8452789633 38 STARR RIDGE ROAD BREWSTER NY 10509 LAWRENCE STURGIS EMPLOYER TRSTE 2.00 0.00 X 0 0 0 DENNIS LAVOPA EMPLOYER TRSTE 2.00 0.00 X 0 0 0 JAMES D'ANNIBALE EMPLOYER TRSTE 2.00 0.00 X 0 0 0 GILBERT LESTER JR UNION TRUSTEE 2.00 40.00 X 0 0 0 JOHN TARR UNION TRUSTEE 2.00 40.00 X 0 0 0 NICHOLAS COLOMBO JR UNION TRUSTEE 2.00 40.00 X 0 0 0 RICHARD P PAGANO FUND MANAGER 38.00 7.00 X 0 114449 81399 114449 81399 0 false true false AETNA INC PO BOX 13049 NEWARK NJ 07188 CLAIMS ADMIN 253014 1 0 EMPLOYER CONTRIBUTIONS 525100 308259 308259 PARTICIPANT CONTRIBUTIONS 525100 7971051 7971051 8279310 455503 455503 0 0 0 4744883 3254095 1490788 1490788 1490788 0 0 0 0 10225601 8279310 1946291 0 0 0 10661713 0 0 206591 91831 29986 16871 0 84827 163243 0 0 16903 37133 0 26594 30099 0 64240 7507 0 3357 0 0 0 15245 0 11456140 0 0 0 1221714 353826 455709 681143 0 632227 1497860 0 0 0 0 0 0 16971558 15849622 0 0 0 0 19281208 18382451 5938 161411 82406 2149470 88344 2310881 X 19192864 16071570 19192864 16071570 19281208 18382451 -1230539 -1890755 X false true X true false BENE OBLIGATIONS CURRENTLY PAYABLE 1393000 DUE TO RELATED ORG. 617114 LITIGATION SETTLEMENTS 139356 2149470 8317943 -1890755 -1890755 10208698 16903 16903 10225601 10046237 10046237 16903 1393000 1409903 11456140 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S BENEFIT OBLIGATIONS CURRENTLY PAYABLE $1393000 false false false RICHARD P PAGANO FUND MANAGER 114449 64872 16527 195848 Part III, Additional Information RICHARD PAGANO RECEIVES COMPENSATION AND BENFITS PAID BY THE SHEET METAL WORKERS LOCAL NO. 38 PROFIT SHARING PLAN IN HIS CAPACITY AS FUND MANAGER OF THE FILING ORGANIZATION WITH REIMBURSEMENTS MADE ACCORDINGLY. THE FILING ORGANIZATION REIMBURSES 83.5% OF COMPENSATION AND BENEFITS. Form 990, Part VI, Line 5: Description of Material Diversion of Assets In 2015, the Trustees of the Plan became aware that a Plan employee, since terminated, whose duties included the crediting and reporting of employer contributions and delinquencies, had intentionally concealed the failure of three employers to pay contributions and, further, the same employee credited participant accounts of one or more of these employers as if contributions had been paid when, in fact, they had not. The extent of such crediting is being determined.The Plan has asserted claims and is involved in litigation against the three employers in collection actions. They are seeking several years of contributions. The approximate amounts owed to the Plan by these employers is $1,128,500. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND MANAGER WHO WORKS FULL TIME FOR THE ORGANIZATION. ONCE COMPLETED THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A COMPENSATION AND BENEFITS REPORTED IN PART VII, SECTION A, COLUMNS E AND F AND SCHEDULE J, PART II IS PAID TO THE FUND MANAGER OF THE FILING ORGANIZATION AND THE SHEET METAL WORKERS LOCAL NO. 38 PROFIT SHARING PLAN WHERE HE WORKS 40 HOURS PER WEEK. COMPENSATION AND BENFITS ARE PAID BY THE PROFIT SHARING PLAN WITH REIMBURSEMENTS FROM THE PLAN BASED ON ESTIMATED BENEFITS RECEIVED. SHEET METAL WORKERS UNION LOCAL 38 38 STARR RIDGE ROAD BREWSTER NY 10509 131739691 LABOR UNION NY 501(C)(5) N/A false false false false false false false false false false false true false false true true false false false false SCHEDULE R, PART II AND IV: CERTAIN TRUSTEES LISTED ON FORM 990 PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION OR RELATED ORGANIZATIONS IN THEIR CAPACITY AS TRUSTEES OF THIS ORGANIZATION.CERTAIN TRUSTEES LISTED ON FORM 990 PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION BUT DO RECEIVE COMPENSATION FROM SHEET METAL WORKERS UNION LOCAL 38 (THE "UNION") IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THE UNION. THEIR COMPENSATION IS REPORTED ON THE FORM 990 OF THE UNION.