2016-04-21T12:50:23-07:00 2015-06-30 Wagner & Zwerman LLP 450 Wireless Boulevard Hauppauge NY 11788 990 2014-07-01 111628171 LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND LABO 5164893644 PO BOX 309 HEMPSTEAD NY 11551 GEORGE TRUICKO JR UNION TRUSTEE 2016-04-21 true Vincent J Preto CPA P00546576 6317771000 2014 2016-08-17 19:52:53Z 33205379 false false X N/A X 1950 NY The purpose of the plan is to provide medical, vacation, unemployment, and death benefits to eligible participants and their dependents. 10 4 11 0 0 17380020 20089734 1233789 835555 0 18613809 20925289 0 19082994 20150912 945489 954244 0 0 523408 702266 20551891 21807422 -1938082 -882133 35856774 35494443 136799 338864 35719975 35155579 The purpose of the plan is to provide medical, vacation, unemployment, and death benefits to eligible participants and their dependents. false false The purpose of the plan is to provide medical, vacation, unemployment, and death benefits to eligible participants and their dependents. false false false false false false false false false false true true 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 false false false false false true false false false false true 617 0 true 11 true false false false false false false false false false false false false X 10 4 true false false false true true false true true false false true true true true true true true true false X LOCAL 1298 WELFARE FUND 5164893644 PO BOX 309 HEMPSTEAD NY 11551 GEORGE F TRUICKO JR UNION TRUSTEE 1.00 39.00 X 0 325924 94656 JAMES WINSHIP UNION TRUSTEE 1.00 39.00 X 0 208098 92102 GEORGE S TRUICKO UNION TRUSTEE 1.00 39.00 X 0 272254 86063 FRANK S ALBERTO EMPLYR TRUSTEE 0.00 0.00 X 0 0 0 MARC HERBST EMPLYR TRUSTEE 0.00 0.00 X 0 0 0 GREGORY W COUCH EMPLYR TRUSTEE 0.00 0.00 X 0 0 0 FRANK DAMIANO JR UNION TRUSTEE 1.00 39.00 X 0 225313 94656 JASON GOLDEN EMPLYR TRUSTEE 0.00 0.00 X 0 0 0 SAMANTHA LAYTON FUND OFFICER 40.00 0.00 X 143295 0 52088 JAMES CORNELL FUND OFFICER 38.00 2.00 X 169838 0 52088 ROBIN SHERMAN FUND OFFICER 38.00 2.00 X 158416 0 52088 GUY TRUICKO KEY EMPLOYEE 1.00 39.00 X 169492 46178 82216 ANNALISA DEFALCO FUND ADMINISTRATOR 38.00 2.00 X 254573 0 52088 JOHN SHANNON FORMER UNION TRUSTEE 1.00 39.00 X 0 176691 34809 GRANT HENDRICKS FORMER EMPLOYER TRUSTEE 0.00 0.00 X 0 0 0 895614 1254458 692854 5 true true false BARNES IACCARINO & SHEPHERD LLP 3 SURREY LANE HEMPSTEAD NY 11551 LEGAL 113400 WAGNER & ZWERMAN LLP 450 WIRELESS BLVD HAUPPAUGE NY 11788 ACCOUNTING 147500 TPA CORP 531 ROUTE 52 SUITE 4 CARMEL NY 10512 COMPUTER EXPENSES 106960 THE SEGAL COMPANY 333 WEST 34TH STREET NEW YORK NY 10001 ACTUARY 105020 4 0 EMPLOYER CONTRIBUTIONS 900099 19304839 19304839 OTHER CONTRIBUTIONS 900099 41866 41866 PARTICIPANT CONTRIBUTIONS 900099 743029 743029 20089734 800498 800498 0 0 0 12315147 12280090 35057 35057 35057 0 0 0 0 20925289 20089734 835555 0 0 0 20150912 437898 0 192752 180778 101922 40894 0 89394 98256 0 0 77503 105020 0 31804 36087 0 55841 0 0 3567 0 0 12552 141359 Postage and Shipping 26937 Printing and Publications 12808 TELEPHONE 6459 FEDERAL EXCISE TAX (PCORI FEE) 2688 1991 21807422 0 0 0 3500903 4225587 1841074 2052807 0 2119762 2633919 0 0 0 0 60000 60000 379995 340096 31665 39899 5203420 5771261 22778098 20665415 0 0 321852 45555 35856774 35494443 136799 222587 116277 136799 338864 X 35719975 35155579 35719975 35155579 35856774 35494443 -882133 317737 X false true X true false 379995 340096 39899 39899 20665415 DUE TO AFFILIATES - NET 116277 116277 X 21165523 317737 -77503 240234 20925289 20925289 21884925 77503 77503 21807422 21807422 Part X : FIN48 Footnote THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROCESS. ADDITIONALLY, PLAN MANAGEMENT BELIEVES THAT THE PLAN'S RETURNS FOR THE YEARS PRIOR TO THE YEAR ENDED JUNE 30, 2012 ARE NO LONGER OPEN TO EXAMINATION, BASED ON THE STATUTORY PERIOD FOR THE YEARS SUBJECT TO AUDIT. Part XII, Line 2d: Other expenses and losses per audited F/S INVESTMENT EXPENSE $77503 X false false false ANNALISA DEFALCO FUND ADMINISTRATOR 254573 33309 18779 306661 FRANK DAMIANO JR UNION TRUSTEE 225313 75877 18779 319969 GEORGE F TRUICKO JR UNION TRUSTEE 325924 75877 18779 420580 GEORGE S TRUICKO UNION TRUSTEE 272254 67284 18779 358317 GUY TRUICKO KEY EMPLOYEE 169492 46178 29145 36639 16432 215069 82817 JAMES CORNELL FUND OFFICER 169838 33309 18779 221926 JAMES WINSHIP UNION TRUSTEE 208098 73323 18779 300200 JOHN SHANNON FORMER UNION TRUSTEE 176691 28971 5838 211500 ROBIN SHERMAN FUND OFFICER 158416 33309 18779 210504 SAMANTHA LAYTON FUND OFFICER 143295 33309 18779 195383 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et THERE ARE RELATIVES THAT WORK FOR THE UNION AS WELL AS THE FUNDS. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder EMPLOYER CONTRIBUTIONS ARE MADE TO THE FUND ON BEHALF OF PARTICIPATING MEMBERS. Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 WAS SENT TO THE TRUSTEES FOR REVIEW. UPON APPROVAL A WAIVER IS SIGNED AUTHORIZING ELECTRONIC SUBMISSION OF THE FORM. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ANNUALLY AT THE BOARD OF TRUSTEE MEETINGS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees INCREASES IN COMPENSATION ARE APPROVED BY THE BOARD AND ARE COMPARED TO INDUSTRY STANDARDS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE. ANNALISA DEFALCO - Form 990, Part VII - Compensation Explanation ANNALISA DEFALCO IS THE FUND ADMINISTRATOR OF LABORERS LOCAL 1298 LEGAL FUND. HER AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 38 AND 2 HOURS TO RELATED ORGANIZATIONS. FRANK DAMIANO, JR - Form 990, Part VII - Compensation Explanation FRANK DAMIANO, JR. IS A UNION TRUSTEE OF THE ORGANIZATION AS WELL AS THE SECRETARY / TREASURER OF THE LABORERS' LOCAL UNION OF NORTH AMERICA LOCAL 1298. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 1 HOURS AND RELATED ORGANIZATIONS IS APPROXIMATELY 39 HOURS PER WEEK. GEORGE F. TRUICKO, JR - Form 990, Part VII - Compensation Explanation GEORGE F. TRUICKO JR. IS A UNION TRUSTEE TO THE ORGANIZATION AND A BUSINESS MANAGER OF LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 1 AND 39 HOURS TO RELATED ORGANIZATIONS. GEORGE S. TRUICKO - Form 990, Part VII - Compensation Explanation GEORGE S. TRUICKO IS A UNION TRUSTEE TO THE ORGANIZATION AND AN ASSISTANT BUSINESS MANAGER OF LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 1 AND 39 HOURS TO RELATED ORGANIZATIONS. GUY TRUICKO GUY TRUICKO IS A KEY EMPLOYEE TO THE ORGANIZATION. AS OF OCTOBER 13, 2014, HE WAS TRANSFERRED TO LABORERS' INTERNATIONAL UNION OF NA LOCAL 1298 AS A BUSINESS AGENT AND HIS AVERAGE HOURS DEVOTED TO RELATED ORGANIZATIONS IS APPROXIMATELY 40 HOURS PER WEEK. JAMES CORNELL - Form 990, Part VII - Compensation Explanation JAMES CORNELL IS THE FUND OFFICE MANAGER FOR LABORERS UNION LOCAL 1298 LEGAL FUND. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 38 HOURS AND RELATED ORGANIZATIONS IS APPROXIMATELY 2 HOURS PER WEEK. JAMES WINSHIP - Form 990, Part VII - Compensation Explanation JAMES WINSHIP IS A UNION TRUSTEE TO THE ORGANIZATION AND A BUSINESS REPRESENTATIVE OF LABORERS INTERNATIONAL UNION OF NORTH AMERICA LOCAL 1298. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 1 AND 39 HOURS TO RELATED ORGANIZATIONS. JOHN H. SHANNON - Form 990, Part VII - Compensation Explanation JOHN H.SHANNON IS A FORMER UNION TRUSTEE TO THE ORGANIZATION AS WELL AS A BUSINESS REPRESENTATIVE OF LABORERS' LOCAL UNION OF NORTH AMERICA LOCAL 1298. HIS AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION WAS 1 AND 39 HOURS TO RELATED ORGANIZATIONS. JOHN SHANNON PASSED AWAY DURING OCTOBER OF 2014. ROBIN SHERMAN - Form 990, Part VII - Compensation Explanation ROBIN SHERMAN IS A UNION TRUSTEE TO THIS ORGANIZATION. HIS AVERGAE HOURS DEVOTED TO THE ORGANIZATION IS 38 HOURS AND RELATED ORGANIZATIONS IS APPROXIMATELY 2 HOURS PER WEEK. SAMANTHA BUCKLEY SAMANTHA BUCKLEY IS A FUND OFFICER TO RELATED ORGANIZATIONS. HER AVERAGE HOURS PER WEEK DEVOTED TO THE ORGANIZATION IS 40 HOURS AND RELATED ORGANIZATIONS IS APPROXIMATELY 0 HOURS PER WEEK. Laborers Union Local 1298 PO Box 309 Hempstead NY 11551 110908115 To provide job opportunities for members NY 501(c)(5) N/A false Laborers Union Local 1298 Legal Service PO Box 309 Hempstead NY 11551 112501979 To provide legal services to eligible participants NY 501 (C) (9 N/A false Laborers Union Local 1298 Annuity Fund PO Box 309 Hempstead NY 11551 112911064 To provide annuity benefits to eligible participants NY 401 (A) N/A false Laborers Local 1298 Pension Fund PO Box 309 Hempstead NY 11551 111970385 To provide pension benefits to eligible participants NY 401 (A) N/A false Laborers Local 1298 Joint Apprenticeship PO Box 309 Hempstead NY 11551 116472322 To provide apprenticeship, educational & training benefits NY 501 (c)(3) N/A false CONTRIBUTING EMPLOYERS PO BOX 309 HEMPSTEAD NY 11551 SEE ATTACHED SCHEDULE NY N/A false false false false false false false false false false false true false false true true true true false false