2012-09-14T14:36:53-07:00 2011-12-31 TED SOILEAU CPA LLC 5800 One Perkins Place Dr Suite 9 A Baton Rouge LA 70808 990 2011-01-01 726031293 LOUISIANA LABORERS HEALTH & WELFARE FUND LOUI 6158590131 PO BOX 1449 GOODLETTSVILLE TN 37070 ROBERT H BOH 2012-09-14 true TED A SOILEAU 2257667910 X 2011 2016-02-24 21:20:13Z 14423826 false false X N/A X 1971 TN To provide health care benefits to eligible participants and their dependents in accordance with the terms of the Fund's trust agreement and the collective bargaining agreement. 5 5 0 5 0 0 5455930 5936006 613266 388326 0 6069196 6324332 0 7356623 6961993 0 0 0 441460 421521 7798083 7383514 -1728887 -1059182 12600473 11375735 5010890 4997569 7589583 6378166 X To provide health care benefits to eligible participants and their dependents in accordance with the terms of the Fund's trust agreement and the collective bargaining agreement. false false 6424061 To provide major medical benefits for hospital, doctor, lab and diagnostic health care benefits to eligible participants and their qualified dependents in accordance with the terms of the Fund's Trust Agreement and Collective Bargaining Agreement. 435702 PPO fees to provide discount and repricing services for the benefit of eligible participants and their qualified dependents 51338 To provide death benefits to beneficiaries of eligible participants 50892 6961993 false false false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 732 0 false 0 false false false false false false false false false false false false false false false false X 5 5 false true false false true true false true true false false false true true true true true true false false false false X SOUTHERN BENEFIT ADMINISTRATOR 6158590131 PO BOX 1449 GOODLETTSVILLE TN 370701449 X STEVE FARNER 1.00 X 0 0 0 ERNIE GUITREAU 1.00 X 0 0 0 HAROLD ELKINS 1.00 X 0 0 0 ROBERT PERNELL 1.00 X 0 0 0 ROBERT H BOH 1.00 X 0 0 0 0 false false false SOUTHERN BENEFIT ADMINISTRATORS PO BOX 1449 GOODLETTSVILLE TN 370701449 ADMIN/ CONSULT 318000 CIGNA ROUTING 475 1111 MARKET STREET CHATTANOOGA TN 37402 PPO DISCOUNT/ CLAIMS 435702 2 0 SUBROGATION RECEIPTS 525100 128333 128333 SELF PAYMENT 525100 151101 151101 CONTRACTOR CONTRIBUTIONS 525100 5656572 5656572 5936006 372071 372071 0 0 0 8115749 8099494 16255 16255 16255 0 0 0 0 6324332 5952261 372071 0 0 0 6961993 6961993 0 0 0 0 0 0 300000 300000 1982 1982 16763 16763 0 0 46974 46974 18000 18000 0 0 0 0 0 5390 5390 0 0 0 0 0 11870 11870 Printing and Publications 15998 15998 BONDING EXPENSE 1009 1009 BANK CHARGES 3535 3535 0 7383514 6961993 421521 0 589475 765808 0 0 658300 413315 0 0 0 0 5203 0 0 11245198 9059325 1053600 0 0 102297 83687 12600473 11375735 23993 4986897 4997569 5010890 4997569 X 7589583 6378166 7589583 6378166 12600473 11375735 X -1059182 -152235 X false true true X false false 1053600 OUTSTAND. CHKS IN EXCESS OF CASH IN BANK 203996 CIBNR & ACCUMULATED ELIGIBILITY 4793573 4997569 6324332 7383514 -1059182 -152235 -152235 -1211417 6125122 -152236 -152236 6277358 46974 46974 6324332 7336540 7336540 46974 46974 7383514 Part X Part X : FIN48 Footnote Accounting for the uncertainty of tax positions can impact the financial statements. Even though the Fund is exempt from income taxes, The Fund must still consider whether its exempt income and other activities of the Fund might be determined to be unrelated business income, and whether the Fund has properly maintained its tax exempt status. FASB ASC 740 (Financial Interpretation No. 48 (i.e. FIN # 48 )), published by the Financial Accounting Standards Board, addresses the issue of accounting for the uncertainty of material tax positions impacting the financial statements. The Board of Trustees has adopted the provisions of FASB ASC 740 effective December 31, 2008. The accounting for all material positions taken, or expected to be taken, on any income tax return is governed by FASB ASC 740. Income tax returns include those positions that were filed or that should have been filed with Federal taxing authorities. It is the Board of Trustees policy to assess all material postions taken on any federal income tax return. The Board will require its legal and tax counsel to communicate to them all such uncertain tax positions in order to evaluate the impact of the tax position and the reporting and disclosure required. The requirement will apply to not only the current reporting year but also to all prior open reporting years that could still be subject to examination by a taxing authority. The Board of Trustees has determined that any material uncertain tax positions that are presented to the Board of Trustees will be recognized and measured using a " more-likely-than-not ", (MLTN) threshold. The MLTN threshold means that;1. A benefit related to an uncertain tax position may not be recognized in the financial statements unless it is MLTN that the position will be sustained based on its technical merits, and 2. There must be more than a 50 % likelihood that the position would be sustained if challenged and considered by the highest court in the relevant jurisdiction.Measurement of any uncertain tax position will require calculating the cumulative probability of an outcome either for or against the tax position. The tax benefit of a qualifying position is the largest amount of tax benefit that is more than 50 % likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Initial recognition of an uncertain tax position will require continued reassessment of the tax position on an annual basis. As of each year end any unresolved uncertain tax postions must be reassessed, and the Trustees must determine whether;1. the factors underlying the sustainability assertions have changed and,2. the amount of the recognized tax benefit is still appropriate.Developments such as case law, changes in tax law, new rulings or regulations issued by taxing authorities, could affect whether a tax position should be recognized or the amount that should be reported. The Fund will be required to accrue interest and penalties that, under present tax law, the Fund would incur if the uncertain tax position ultimately were not sustained.For the year ending December 31, 2011, no uncertain tax positions were determined to exist. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AS CLEARLY INDICATED IN THE ANNUAL SUMMARY REPORT TO THE PARTICIPANTS AND EMPLOYERS, A FULL COPY OF THE COMPLETE U.S. DEPARTMENT OF LABOR FROM 5500 IS AVAILABLE UPON REQUEST ALONG WITH A COPY OF THE AUDITORS ANNUAL REPORT. THE SUMMARY ANNUAL REPORT IS MAILED ANNUALLY TO ALL PARTICIPANTS AND EMPLOYERS. THE IRS FORM 990 WILL ALSO BE MADE AVAILABLE UPON REQUEST TO THE FUND ADMINISTRATOR. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD OF TRUSTEES MEETS QUARTERLY TO ADDRESS POLICY ISSUES, PLAN OF BENEFIT CHANGES, INVESTMENT POLICY REVIEW AND POLICY DECISIONS, APPEAL OF BENEFITS, REVIEW OF EMPLOYER CONTRIBUTION REPORTS AND DELINQUENCIES, LEGAL COUNSEL REPORT AND FUND ADMINISTRATOR REPORT. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST, PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE FULL BOARD OF TRUSTEES AND ACTED UPON. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE CHAIRMAN, SECRETARY OF THE BOARD OF TRUSTEES AND ALL OTHER BOARD TRUSTEES FOR THEIR REVIEW AND APPROVAL. A COPY OF THE FORM 990 WAS PROVIDED TO THE FUND ADMINISTRATOR, SOUTHERN BENEFIT ADMINISTRATORS, INC. AND TO CHAIRMAN BOARD OF TRUSTEES FOR THEIR REVIEW. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THE ELIGIBLE MEMBERS OF THIS ORGANIZATION ARE THOSE ELIGIBLE MEMBERS WHO ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS IN FORCE BETWEEN THE REPRESENTATED LABORER LABOR UNIONS IN LOUISIANA AND THE PARTICIPATING EMPLOYERS WHO EMPLOY THOSE MEMBERS.THE ORGANIZATION IS OPERATED BY A BOARD OF TRUSTEES WHO ARE MEMBERS OF THE ORGANIZATION AUTHORIZED TO OPERATE THIS MULTI-EMPLOYER PLAN. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company SEVERAL THIRD PARTY ADMINISTRATORS HAVE BEEN RETAINED BY THE BOARD OF TRUSTEES TO HANDLE THE ADMINISTRATIVE DUTIES OF THE FUND. THOSE DUTIES INCLUDE PAYING HEALTH INSURANCE BENEFITS, PAYING ADMINISTRATIVE BILLS, PROCESSING MONTHLY AND ANNUAL REPORTS, PROCESSING INVESTMENT TRANSACTIONS AND REPORTS, AND VALUING INVESTMENT ASSETS. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: To provide death benefits to beneficiaries of eligible participants