2011-11-14T15:15:04-06:00 2010-12-31 DANIEL A WINTERS & COMPANY CPAS 6 DICKINSON DR STE 205 CHADDS FORD PA 19317 990 2010-01-01 232715440 STEAMFITTERS LU NO 420 WELFARE PLAN STEA 2673502600 14420 TOWNSEND ROAD NO B PHILADELPHIA PA 191541028 GERALD J DIVINY 2673502600 2011-11-14 1 6103582000 2010 2016-03-07 17:11:31Z GERALD J DIVINY 14420 TOWNSEND ROAD NO B PHILADELPHIA PA 191541028 157615986 0 X N/A X 1950 PA THIS PLAN PROVIDES SICK, ACCIDENT, HEALTH, VISION, DENTAL AND DEATH BENEFITS TO ITS PARTICIPANTS AND THEIR DEPENDENTS. 6 6 0 0 0 0 0 0 53856849 53145932 7924525 5623021 0 0 61781374 58768953 0 0 51298048 55724981 208247 205663 0 0 0 1274107 1392188 52780402 57322832 9000972 1446121 106786901 112299283 1909750 1992956 104877151 110306327 THIS PLAN PROVIDES SICK, ACCIDENT, HEALTH, VISION, DENTAL AND DEATH BENEFITS TO ITS PARTICIPANTS AND THEIR DEPENDENTS. 0 0 THIS PLAN PROVIDES SICK, ACCIDENT, HEALTH, VISION, DENTAL AND DEATH BENEFITS TO ITS PARTICIPANTS AND THEIR DEPENDENTS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE. 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 688 0 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 1 0 0 0 X GERALD J DIVINY 2673502600 14420 TOWNSEND ROAD SUITE B PHILADELPHIA PA 191541028 X THOMAS GALLO 1.00 X 0 0 0 TIMOTHY BRINK 1.00 X 0 0 0 EDWARD QUINN 1.00 X 0 0 0 ANTHONY GALLAGHER RETIRED 1.00 X 0 0 0 KEVIN HEFFERNAN 1.00 X 0 0 0 JAMES GAFFNEY 1.00 X 0 0 0 JAMES SNELL 1.00 X 0 0 0 GERALD DIVINY 9.00 X 30055 100618 95238 ROBERT WINTHER 8.00 X 25005 83714 54518 55060 184332 149756 0 0 1 0 INDEPENDENCE BLUE CROSS 1901 MARKET STREET PHILADELPHIA PA 19103 ADMINISTRATOR OF BENEFITS 4494406 GEMGROUP 650 NAAMANS RD CLAYMONT DE 19703 CONTRACT ADMINISTRATOR 494540 FIRTREE PARTNERS 505 FIFTH AVENUE 23RD FLOOR NEW YORK NY 10017 INVESTMENT MANAGER 220734 EXPRESS SCRIPTS 829 ACADEMY PLACE PITTSBURGH PA 15243 ADMINISTRATOR OF BENEFITS 179265 VERMILLION ASSET MANAGEMENT 267 FIFTH AVENUE NEW YORK NY 10016 INVESTMENT MANAGER 164174 5 RECEIPTS FROM EMPLOYER 525100 47432087 47432087 PARTICIPANT CONTRIBUTI 525100 4701428 4701428 MEDICARE PART D SUBSID 525100 991432 991432 LIQUIDATED DAMAGES 525100 15823 15823 COBRA PREMIUM SUBSIDY 525100 5162 5162 53145932 -5884 -5884 104475938 98847033 5628905 5628905 5628905 58768953 53145932 0 5623021 55724981 89504 62420 26001 18748 8990 413808 55717 25095 452377 290005 114501 15805 2821 7828 2994 11237 57322832 10300512 8134179 3343292 5009201 31531 11322 134103 53755 82902 80348 92664725 626 98786256 363939 277351 106786901 112299283 59540 120240 1850210 1872716 1909750 1992956 X 0 0 0 0 104877151 110306327 104877151 110306327 106786901 112299283 X 1446121 3983055 X 0 1 0 X 0 1 0 97222 18376 78846 36881 35379 1502 0 80348 FIR TREE INT VALUE FUND, LTD CL B RESTRICTED SHARES SERIES 0310 5948060 F SPROTT OFFSHORE FUND LTD CL A NON RESTRICTED SERIES 3 MARCH 2010 1539903 F SPROTT OFFSHORE FUND LTD CL B RESTRICTED SERIES 3 MARCH 2010 5235670 F VIRIDIAN FUND LTD. 5319604 F BLACKROCK ACWI EX-U.S. SUPERFUND B 5944372 F BLACKROCK U.S. DEBT INDEX FD CL B 70362918 F BLACKROCK U.S. EQUITY MARKET FD CL B 4435729 F 98786256 DUE TO AFFILIATES 2816 INCURRED BUT NOT REPORTED 1869900 1872716 58768953 57322832 1446121 3983055 3983055 5429176 62299631 3983055 3983055 58316576 452377 452377 58768953 56850765 0 56850765 452377 19690 472067 57322832 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF JANUARY 1, 2009, THE PLAN ADOPTED ASC TOPIC 740 - INCOME TAXES... . THE PLAN HAD NO SIGNIFICANT UNCERTAIN TAX POSITION AT THE DATE OF ADOPTION OR AT DECEMBER 31, 2010 AND 2009. ACCORDINGLY, THE ADOPTION DID NOT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INCREASE IN CLAIMS INCURRED BUT NOT REPORTED (IBNR) 0 0 0 GERALD DIVINY 30055 100618 0 0 0 0 0 0 21905 73333 51960 173951 0 0 ROBERT WINTHER 25005 83714 0 0 0 0 0 0 12539 41979 37544 125693 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE FUND IS ADMINISTERED SIX (6) TRUSTEES. THREE OF WHOM ARE APPOINTED BY THE UNION AND THREE OF WHOM ARE APPOINTED BY THE MECHANICAL CONTRACTORS ASSOCIATION OF EASTERN PENNSYLVANIA, INC. AND SHALL ACT AS EMPLOYER TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE MANAGEMENT OF THE PLAN, THE PLAN ADMINISTRATOR, PRIOR TO FILING OF THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE TRUSTEES AND KEY EMPLOYEES ARE REMINDED OF THEIR OBLIGATION TO DISCLOSE CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE PLAN DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3983055. FORM 990, PART VII, SECTION A: GERALD DIVINY, ADMINISTRATOR, WORKS AN AVERAGE OF 36 HOURS PER WEEK WORKING ON RELATED ORGANIZATIONS. ROBERT WINTHER, ASST. ADMINISTRATOR, WORKS AN AVERAGE OF 33 HOURS PER WEEK WORKING ON RELATED ORGANIZATIONS. FOR THOSE TRUSTEES WHO SERVE IN A SIMILAR COMPACITY AT RELATED ORGANIZATIONS, THE ESTIMATED AVERAGE HOURS PER WEEK WORKING ON RELATED ORGANIZATIONS IS 3 HOURS. THE FUND'S REASONABLE EFFORTS TO OBTAIN INFORMATION INCLUDED SENDING TO THE APPROPRIATE PERSONS (EG THOSE LISTED ON FORM 990, PARTI VII, SECTION A), A QUESTIONNAIRE ALONG WITH APPROPRIATE INSTRUCTIONS AND DEFINITIONS, AS DESCRIBED IN THE INSTRUCTIONS TO FORM 990 AS EXAMPLES OF REASONABLE EFFORT. FORM 990, PART V, LINE 2A: THE PLAN ANSWERED 0 BECAUSE IT DOES NOT HAVE ANY EMPLOYEES, BUT THE PLAN DOES REPORT BENEFITS PAID TO MEMEBERS ON W-2 FORMS WHICH THEN GET TOTALED ON THE FORM W-3. THEREFORE, THE PLAN'S W-3 HAS 157 W-2S REPORTED ON FORM W-3. THE PLAN DOES COMPLY WITH APPLICABLE REPORTING AND RELATED REQUIREMENTS. FORM 990, PART IV, LINE 32: THE FUND'S INVESTMENT PROGRAM INCLUDES CASH MANAGEMENT PROCEDURES THAT MAXIMIZE EARNINGS ON TEMPORARY BALANCES BY IMMEDIATELY PURCHASING SHORT TERM INVESTMENT VEHICLES UPON THE RECEIPT OF ESSENTIALLY ALL PRINCIPAL AND INTEREST TRANSACTIONS. THIS NECESSITATES THE SELLING OF SUCH ASSETS FOR EACH PURCHASE OF LONGER-TERM INVESTMENTS. THIS CASH MANAGEMENT ACTIVITY IS INCLUDED IN PART VIII ITEM 7 AND IS CONSIDERED TO NOT REPRESENT TRANSACTIONS TO WHICH PART IV ITEM 32 APPLIES. FORM 990, PART IX, LINE 5-10: THE FUND DOES NOT ISSUE W-2S TO ANY EMPLOYEES AND SHARES CERTAIN STAFF WITH ORGANIZATIONS CONSIDERED BY THE FORM 990 INSTRUCTIONS TO BE RELATED ORGANIZATIONS. THESE STAFF ARE PAID THROUGH ESSENTIALLY A PAYMASTER ARRANGEMENT THAT FUNCTIONS AS THE STAFF'S EMPLOYER AND ISSUES FORM W-2 AND COMPLIES WITH APPLICABLE PAYROLL REPORTING AND RELATED REQUIREMENTS. ACCORDINGLY, THE FUND'S ALLOCATED PORTION OF THE COSTS RELATED TO THIS SHARING IS REPORTED ON FORM 990, INCLUDING ON PART IX, LINES 5 THROUGH 10. STEAMFITTERS LOCAL UNION NO 420 VACATION FUND 14420 TOWNSEND ROAD SUITE B PHILADELPHIA PA 19154 237216231 TO PROVIDE VACATION BENEFITS TO PARTICIPANTS PA 501(C)9 N/A 0 STEAMFITTERS LOCAL UNION NO 420 PENSION PLAN 14420 TOWNSEND ROAD SUITE B PHILADELPHIA PA 19154 232004424 TO PROVIDE PENSION BENEFITS TO PARTICIPANTS PA 401(A) N/A 0 STEAMFITTERS LOCAL UNION NO 420 SUPPLEMENTAL RETIREMENT PLAN 14420 TOWNSEND ROAD SUITE B PHILADELPHIA PA 19154 232495379 TO PROVIDE PENSION BENEFITS TO PARTICIPANTS PA 401(A) N/A 0 STEAMFITTERS LOCAL UNION NO 420 SCHOLARSHIP PLAN 14420 TOWNSEND ROAD SUITE A PHILADELPHIA PA 19154 236919093 TO PROVIDE SCHOLARSHIPS TO THE CHILDREN OF MEMBERS PA 501(C)3 3A N/A 0 PEN PLAN FOR EMPLOYEES OF THE STEAMFITTERS LU NO 420 PEN PL 14420 TOWNSEND ROAD SUITE B PHILADELPHIA PA 19154 232004419 TO PROVIDE BENEFITS TO SOME PERSONNEL PA 401(A) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0