SHEET METAL WORKERS LOCAL UNION NO 110 WELFARE TRUST FUND: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SHEET METAL WORKERS LOCAL UNION NO 110 WELFARE TRUST FUND (EIN 55-0711972)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-13
IRS object ID: 201223189349302977
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-13T12:41:33-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRANK N HESTAND CPA PSC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	261 REGENCY CIR FL 1	AddressLine1
City	LEXINGTON	City
State	KY	State
ZIP Code	40503	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	550711972	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SHEET METAL WORKERS LOCAL NO 110	BusinessNameLine1
Business Name Line2	HEALTH FUND	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	SHEE	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	609 THIRD AVENUE	AddressLine1
Address Line2	ROOM/SUITE 500	AddressLine2
City	CHESAPEAKE	City
State	OH	State
ZIP Code	45619	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	AMERICAN BENEFIT CORPORATION	Name
Title	ACTING AS CONTRACT ADMIN.	Title
Date Signed	2012-11-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	FRANK N HESTAND	Name
Phone	8592763573	Phone
Date Prepared	2012-11-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	8214008	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Trust	X	TypeOfOrganizationTrust
Activity Or Mission Description	THE PROVISION OF BENEFITS FOR ACCIDENT, SICKNESS, DENTAL, VISION AND DEATH.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	6836378	ProgramServiceRevenuePriorYear
Program Service Revenue CY	7694857	ProgramServiceRevenueCY
Investment Income Prior Year	492022	InvestmentIncomePriorYear
Investment Income Current Year	488150	InvestmentIncomeCurrentYear
Other Revenue Prior Year	137651	OtherRevenuePriorYear
Other Revenue Current Year	31001	OtherRevenueCurrentYear
Total Revenue Prior Year	7466051	TotalRevenuePriorYear
Total Revenue Current Year	8214008	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	7069155	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	7575554	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	278903	OtherExpensePriorYear
Other Expenses Current Year	296572	OtherExpensesCurrentYear
Total Expenses Prior Year	7348058	TotalExpensesPriorYear
Total Expenses Current Year	7872126	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	117993	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	341882	RevenuesLessExpensesCY
Total Assets BOY	16146577	TotalAssetsBOY
Total Assets EOY	16658733	TotalAssetsEOY
Total Liabilities BOY	49920	TotalLiabilitiesBOY
Total Liabilities EOY	28184	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	16096657	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	16630549	NetAssetsOrFundBalancesEOY
Mission Description	THE PROVISION OF BENEFITS FOR ACCIDENT, SICKNESS, DENTAL, VISION AND DEATH.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	EMPLOYEE BENEFIT PLAN PROVIDING BENEFITS FOR ACCIDENT, SICKNESS, DENTAL, VISION, AND DEATH.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	AMERICAN BENEFIT CORP	NamePerson
Telephone Number	3045250331	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	609 THIRD AVENUE	AddressLine1
City	CHESAPEAKE	City
State	OH	State
ZIP Code	45619	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DONALD L ECKEN
TRUSTEE	2.00	X	0	0	0
RICH COLTON
TRUSTEE	2.00	X	0	0	0
CHRIS MILLER
TRUSTEE	2.00	X	0	0	0
TONY HERBERT
TRUSTEE	2.00	X	0	0	0
GARY HUDSON
TRUSTEE	2.00	X	0	0	0
KEVIN HARPRING
TRUSTEE	2.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER CONTRIBUTIONS	6434722	6434722
EMPLOYEE CONTRIBUTIONS	1260135	1260135

Field	Value	IRS element (for citing)
Total Program Service Revenue	7694857	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	488150	TotalRevenueColumn
Related Or Exempt Function Income	488081	RelatedOrExemptFunctionIncome
Exclusion	$69	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Total Revenue Column	31001	TotalRevenueColumn
Related Or Exempt Function Income	31001	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	31001	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	8214008	TotalRevenueColumn
Related Or Exempt Function Income	8213939	RelatedOrExemptFunctionIncome
Exclusion	$69	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	7575554	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	9732	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	9800	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
CONTRACT ADMINISTRATION	141725
INVESTMENT MANAGEMENT FEE	91613
INVESTMENT ANALYSIS FEES	18000
INSURANCE	11866

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	13836	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	7872126	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	178622	BOY
EOY	75080	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	692113	BOY
EOY	275248	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	687212	BOY
EOY	832293	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	8100	BOY
EOY	7533	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	14580530	BOY
EOY	15468579	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	16146577	BOY
EOY	16658733	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	49920	BOY
EOY	28184	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	49920	BOY
EOY	28184	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	16096657	BOY
EOY	16630549	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	16096657	BOY
EOY	16630549	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	16146577	BOY
EOY	16658733	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	341882	ReconcilationRevenueExpenses
Reconcilation Other Changes	192010	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR
Total Revenue	8214008	TotalRevenue
Total Expenses	7872126	TotalExpenses
Excess Or Deficit For Year	341882	ExcessOrDeficitForYear
Excess Or Deficit Per FS	341882	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	8214008	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	8214008	RevenueSubtotal
Total Revenue Per Form990	8214008	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	7872126	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	7872126	ExpensesSubtotal
Total Expenses Per Form990	7872126	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED BY THE CONTRACT ADMINISTRATOR PRIOR TO ITS FILING.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.