ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ELECTRICAL WORKERS INSURANCE BENEFIT FUND LOCAL 481 (EIN 35-0851694)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-10-09
IRS object ID: 201232839349300398
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	2012-10-09T08:08:53-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	352123203	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KSM BUSINESS SERVICES INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 40857	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	462400857	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	350851694	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ELECTRICAL WORKERS BENEFIT TRUST FUND	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ELEC	NameControl
Phone	3179234577	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1828 NORTH MERIDIAN STREET NO 103	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	462021471	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ROBERT CADWELL	Name
Title	BENEFITS ADMINISTRATOR	Title
Phone	3179234577	Phone
Date Signed	2012-10-03	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	TIMOTHY W ALMACK	Name
PTIN	P00019234	PTIN
Phone	3175802000	Phone
Date Prepared	2012-10-03	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)
Name Of Principal Officer Person	ROBERT CADWELL	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1828 N MERIDIAN SUITE 103	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	462021471	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	63967659	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Trust	X	TypeOfOrganizationTrust
Year Formation	1949	YearFormation
State Legal Domicile	IN	StateLegalDomicile
Activity Or Mission Description	THE FUND PROVIDES VARIOUS BENEFITS TO PARTICIPANTS AND ELIGIBLE DEPENDENTS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	8	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	24627365	ProgramServiceRevenuePriorYear
Program Service Revenue CY	22450264	ProgramServiceRevenueCY
Investment Income Prior Year	3676882	InvestmentIncomePriorYear
Investment Income Current Year	3104628	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	28304247	TotalRevenuePriorYear
Total Revenue Current Year	25554892	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	23242311	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	23707817	BenefitsPaidToMembersCY
Salaries Etc Prior Year	422421	SalariesEtcPriorYear
Salaries Etc Current Year	384670	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1167819	OtherExpensePriorYear
Other Expenses Current Year	1171259	OtherExpensesCurrentYear
Total Expenses Prior Year	24832551	TotalExpensesPriorYear
Total Expenses Current Year	25263746	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3471696	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	291146	RevenuesLessExpensesCY
Total Assets BOY	99338508	TotalAssetsBOY
Total Assets EOY	101163621	TotalAssetsEOY
Total Liabilities BOY	106815562	TotalLiabilitiesBOY
Total Liabilities EOY	128727196	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-7477054	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-27563575	NetAssetsOrFundBalancesEOY
Mission Description	THE FUND PROVIDES MEDICAL AND WELFARE BENEFITS TO PARTICIPANTS AND ELIGIBLE DEPENDENTS.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Description	THE FUND PROVIDES VARIOUS MEDICAL AND WELFARE BENEFITS TO PARTICIPANTS AND ELIGIBLE DEPENDENTS	Description
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	716	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	8	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ROBERT CADWELL ELECTRICAL WORKERS	NamePerson
Telephone Number	3179234577	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1828 NORTH MERIDIAN STREET SUITE	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	462021471	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
LARRY E VANTRIES
TRUSTEE	1.00	X	0	0	0
JAMES TSAREFF
TRUSTEE	1.00	X	0	0	0
BRIAN MILLER
TRUSTEE	1.00	X	0	0	0
KEVIN SCHRADER
TRUSTEE	1.00	X	0	0	0
SEAN SEYFERTH
TRUSTEE	1.00	X	0	0	0
STEPHEN MENSER
TRUSTEE	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ANTHEM INSURANCE COMPANIES INC
220 VIRGINIA AVE	INDIANAPOLIS	IN	46204	MEDICAL NETWORK PROVIDER	705387
PNC BANK
1900 E 9TH ST FLOOR 13	CLEVELAND	OH	44114	CUSTODIAL AND INVESTMENT MANAGEMENT	119602

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	CONTRIBUTION INCOME	Description
Business Code	525920	BusinessCode
Total Revenue Column	22450264	TotalRevenueColumn
Related Or Exempt Function Income	22450264	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	22450264	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3052371	TotalRevenueColumn
Exclusion	$3,052,371	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	38465024	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	38412767	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	52257	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	52257	TotalRevenueColumn
Exclusion	$52,257	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	25554892	TotalRevenueColumn
Related Or Exempt Function Income	22450264	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$3,104,628	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	23707817	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	265102	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	7111	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	76301	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	36156	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	46961	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	29278	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	44519	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	30789	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	10951	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	9177	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	8400	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
ANTHEM CONTRACT SERVICE	705387
PROFESSIONAL FEES	213200
COMPUTER EXPENSE	28388
BANK FEES - SERVICE CHA	13906

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	30303	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	25263746	Total

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1038794	BOY
EOY	1336063	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2551748	BOY
EOY	2416587	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	114149	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	100543	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	14497	BOY
EOY	13606	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	95733469	BOY
EOY	97397365	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	99338508	BOY
EOY	101163621	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	23952	BOY
EOY	65072	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	17818	BOY
EOY	30879	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	106773792	BOY
EOY	128631245	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	106815562	BOY
EOY	128727196	EOY

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

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	-7477054	BOY
EOY	-27563575	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-7477054	BOY
EOY	-27563575	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	99338508	BOY
EOY	101163621	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	291146	ReconcilationRevenueExpenses
Reconcilation Other Changes	-20377667	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	114149	OtherCostOrOtherBasis
Depreciation	100543	Depreciation
Book Value	13606	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	13606	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CLAIM RESERVES	$9,799,000
POST RETIREMENT BENEFIT OBLIGATIONS	$118,832,245

Field	Value	IRS element (for citing)
Total Of Amounts	128631245	TotalOfAmounts
Total Revenue	25554892	TotalRevenue
Total Expenses	25263746	TotalExpenses
Excess Or Deficit For Year	291146	ExcessOrDeficitForYear
Other	-$20,377,667	OtherAmount
Total Adjustments	-20377667	TotalAdjustments
Excess Or Deficit Per FS	-20086521	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	26306076	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	870786	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	870786	RevenueNotRptdF990
Revenue Subtotal	25435290	RevenueSubtotal
Investment Expenses Not Included	119602	InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt	119602	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	25554892	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	24535144	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	24535144	ExpensesSubtotal
Investment Expenses Not Included2	119602	InvestmentExpensesNotIncluded2
Other Expenses Not Included	609000	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	728602	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	25263746	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	PART IV, LINE 11F - THE FUND IS SUBJECT TO THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). THE FUND MAINTAINS A QUALIFIED TRUST UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAX. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND TO RECOGNIZE A TAX LIABILITY IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER TAXING AUTHORITIES. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING AND REGULATORY AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROCESS. THE PLAN ADMINISTRATOR BELIEVES THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008.
PART XIII, LINE 4B - OTHER ADJUSTMENTS:		DECREASE IN BENEFIT OBLIGATION OTHER THAN POST RETIREMENT BENEFIT OBLIGATION

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	PREPARER PRESENTED COMPLETED FORM 990 IN DRAFT FORM TO THE TRUSTEES. THE TRUSTEES APPROVED THE FORM 990 BEFORE IT WAS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	TRUSTEES REFER TO ANNUAL FORMS WHEN CONSIDERING TRANSACTIONS
FORM 990, PART VI, SECTION B, LINE 15A	THE PROCESS OF DETERMINING THE COMPENSATION OF THE BENEFITS ADMNISTRATOR INCLUDES APPROVAL OF INDEPENDENT TRUSTEES, WHO CONSIDER COMPARABILITY OF WAGES WITH SIMILAR ORGANIZATIONS.
FORM 990, PART VI, SECTION C, LINE 19	ORGANIZATION'S FORMS ARE AT THE ORGANIZATION'S OFFICES UPON REQUEST.
FORM 990, PART XI, LINE 5:	POST RETIREMENT BENEFIT OBLIGATIONS - SOP92-6 -21,248,453. UNREALIZED APPRECIATION/(DEPRECIATION) OF INVESTMENTS 870,786. TOTAL TO FORM 990, PART XI, LINE 5: -20,377,667.	CHANGES IN NET ASSETS OR FUND BALANCES:
	FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART VI, LINE 12A AND LINE 13:	BECAUSE THE PLAN IS SUBJECT TO ERISA, COMPARABLE CONTROLS AND POLICIES ARE IN PLACE AND BEING COMPLIED WITH UNDER ERISA.