2012-03-01T05:21:28-08:00 2010-12-31 Robert L Corallino CPA PC 114 Bay Street Manchester NH 03104 990 2010-01-01 016010506 LOCAL 716 HEALTH & WELFARE TRUST FUND LOCA 6036418100 C/O SARETTE ASSOC INC 50 ELM ST MANCHESTER NH 03101 JOHN NAPOLITANO 2011-10-25 ROBERT L CORALLINO CPA 6036235557 2010 2016-02-24 21:20:13Z X 3590020 false false X N/A NH PROVISION OF MEDICAL BENEFITS TO MEMBERS & BENEFICIARIES (DEPENDENTS) OF UA LOCAL 716 PLUMBERS & PIPEFITTERS. ALSO INCLUDING OTHER WELFARE RELATED BENEFITS. 4 4 9 0 0 2249497 2446760 152274 343936 629 2872 2402400 2793568 0 2649029 2497288 0 0 0 212844 212879 2861873 2710167 -459473 83401 5487656 5821341 4945505 4905088 542151 916253 X PROVISION OF MEDICAL BENEFITS TO MEMBERS & BENEFICIARIES (DEPENDENTS) OF UA LOCAL 716 PLUMBERS & PIPEFITTERS. ALSO INCLUDING OTHER WELFARE RELATED BENEFITS. false false 1787251 MEDICAL INSURANCE - PROVIDER MAJOR MEDIAL & RX BENEFIT INSURANCE 515083 SUPPLEMENTAL BENEFITS - OUT OF POCKET MEDICAL EXPENSES REIMBURSEMENT 171871 OTHER BENEFITS PROVIDED INCLUDING DENTAL INSURANCE, DENTAL/VISION & EYE REIMBURSEMENTS, AND RECIPROCITY PAYMENTS OUT 23083 2497288 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 false false false false false false false true false false false false false false false false false false false false false false true 0 0 false 9 true false false false false false false false false false false false false false false false X 4 4 false true false false true true false true true false false false true true true true true true false false false false X SARETTE ASSOCIATES INC 6036418100 50 ELM ST MANCHESTER NH 03101 X KEN BROUSSEAU 0.00 X 0 0 0 JON E LEE 0.00 X X 0 0 0 JOHN NAPOLITANO 0.00 X X 0 0 0 GARY SAINIO 0.00 X 0 0 0 0 false false false SHUMAKER LOOP & KENDRICK LLP 1000 JACKSON ST TOLEDO OH 43624 LEGAL 6006 S&A INC 50 ELM ST MANCHESTER NH 03101 PLAN ADMINISTRATOR 100713 ROBERT L CORALLINO CPA PC 114 BAY ST MANCHESTER NH 03104 AUDITOR 33520 AG EDWARDSWELLS FARGO 23 WATER ST BANGOR ME 04401 INVESTMENTS 29256 1 0 RECIPROCAL CONTRIBUTION 736376 736376 FORFEITURES EMPLOYEE CONTRIBUTION 376376 376376 CONTRACTOR CONTRIBUTION 1334008 1334008 2446760 249375 249375 0 0 0 891013 796452 94561 94561 94561 0 0 0 MISC INCOME 2872 2872 2872 2793568 2544193 249375 0 0 0 2497288 0 0 0 0 0 0 100713 6006 33520 0 0 29256 3750 0 7513 0 0 2880 0 0 2714 0 0 0 1377 TELEPHONE 4849 Postage and Shipping 3227 DISABILITY TAXES 2201 BENEFIT CARDS 11324 BANK FEES 1860 1689 2710167 0 0 0 0 227177 107879 0 246110 469681 305173 0 0 0 42416 176378 0 4860101 4700153 0 0 0 111852 62077 5487656 5821341 4320 135922 17441 4923744 4769166 4945505 4905088 X 542151 916253 542151 916253 5487656 5821341 X 83401 290701 X false true true X false false MEMBER FUTURE BENEFIT 4769166 4769166 2793568 2710167 83401 290701 290701 374102 2929692 136124 136124 2793568 2793568 2710167 2710167 2710167 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances UNREALIZED GAIN ON INVESTMENTS $136124 DEC TO VALUE OF FUTURE PARTICIPANT BALANCE $154577 ROUNDING $ -0 SARETTE ASSOCIATES UNFUNDED RESERVE X 101895 101895 false false false SARETTE & ASSOCIATES ERRONEOUS WITHDRAWAL X 203278 203278 false false true 305173 Amended Explanation IT WAS DISCOVERED THAT THERE IS A SIGNIFICANT DIFFERENCE BETWEEN FUNDING OF THE BENEFIT CARDS AND PAYMENT OF CLAIMS AND THAT THIS DIFFERENCE HAD BEEN INCORRECTLY REPORTED AS AN EXPENSE AND SHOULD HAVE BEEN REPORTED AS AN ASSET. IT WAS FURTHER DISCOVERED THAT THE ACCOUNT THAT THIS RESERVE IS HELD DOES NOT HAVE ENOUGH FUNDS TO COVER THE RESERVE AND A NOTE RECEIVABLE HAS BEEN SET UP TO COVER THIS. AMENDED WERE THE FOLLOWING: PART I LINE 14; PART III LINE 4B; PART IX LINE 4; PART X LINES 5, 15 & 27; SCHEDULE L PART II LINE 3; Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts EACH TRUSTEE AND ADMINISTRATIVE MANAGER SIGNS AN ANNUAL STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process COMPLETED FORM 990 IS REVIEWED BY THE PLAN ADMINISTRATOR, THEN SUBMITTED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR REVIEW AND SIGNATURE Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder PARTICIPANTS - UA LOCAL 716 UNION MEMBERS Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company ADMINISTRATION OF PLAN IS PERFORMED BY A THIRD PARTY PLAN ADMINSTRATOR Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: OTHER BENEFITS PROVIDED INCLUDING DENTAL INSURANCE, DENTAL/VISION & EYE REIMBURSEMENTS, AND RECIPROCITY PAYMENTS OUT