2011-11-11T15:42:24-06:00 2010-12-31 DANIEL A WINTERS & COMPANY CPAS 6 DICKINSON DR STE 205 CHADDS FORD PA 19317 990 2010-01-01 237024556 IBEW HEALTH AND WELFARE TRUST FUND NECA LOCAL UNION NO 313 IBEW 3027986801 650 NAAMANS ROAD NO 303 CLAYMONT DE 197032300 DOUGLAS DRUMMOND 3027986801 2011-11-11 1 CRAIG D WINTERS CPA 6103582000 2011-11-11 2010 2016-03-07 17:11:31Z DOUGLAS DRUMMOND 650 NAAMANS ROAD NO 303 CLAYMONT DE 197032300 15289896 0 X N/A X 1968 DE THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS. 8 8 0 0 0 0 0 0 7971381 9640365 565946 204772 0 0 8537327 9845137 0 0 12000777 11992994 0 0 0 0 0 887963 789006 12888740 12782000 -4351413 -2936863 8841146 6157589 129241 216704 8711905 5940885 THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND DEPENDENTS. 0 0 THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELECTRICAL WORKERS, THEIR SPOUSES AND 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 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 162 0 1 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X SCOTT ERNSBERGER - GEMGROUP INC 3027986801 650 NAAMANS ROAD SUITE 303 CLAYMONT DE 197032300 X DOUGLAS K DRUMMOND 2.00 X 0 0 0 B EUGENE BATTAGLIA 2.00 X 0 0 0 JAMES F FITZSIMMONS 2.00 X 0 0 0 PAUL CAMPBELL 2.00 X 0 0 0 CRAIG FISHER 2.00 X 0 0 0 ANTHONY ENNIS 2.00 X 0 0 0 DANIEL HAHN 2.00 X 0 0 0 DAVID HOLLEN 2.00 X 0 0 0 JOHN F HANN 2.00 X 0 0 0 PATRICIA CREEDON 2.00 X 0 0 0 ANDREW J MCNALLY 2.00 X 0 0 0 0 0 0 0 0 0 0 BLUE CROSS AND BLUE SHIELD OF DELAWARE 800 DELAWARE AVE WILMINGTON DE 19801 ADMIN SERVICE FEE 339330 GEMGROUP 650 NAAMANS ROAD SUITE 303 CLAYMONT DE 197032300 CONTRACT ADMIN 229363 EXPRESS SCRIPTS INC 21653 NETWORK PLACE CHICAGO IL 60673 ADMIN SERVICE FEE 180711 3 RECEIPTS FROM EMPLOYER 525100 8463946 8463946 RECEIPTS FROM PARTICIP 525100 895565 895565 MEDICARE & COBRA 525100 275286 275286 LIQUIDATED DAMAGES 525100 5568 5568 9640365 154280 154280 5495251 5444759 50492 50492 50492 9845137 9640365 0 204772 11992994 209626 29461 16990 20098 471171 24803 7334 6628 DUES AND SUBSCRIPTIONS 2895 12782000 770780 1628250 363335 204339 1046545 1069439 58680 3543 6601806 2664356 0 587662 8841146 6157589 129241 216704 129241 216704 X 0 0 0 0 8711905 5940885 8711905 5940885 8841146 6157589 X -2936863 165843 X 0 1 0 X 0 0 DEPOSIT WITH INSURANCE COMPANY 587662 587662 9845137 12782000 -2936863 165843 165843 -2771020 9988154 165843 165843 9822311 22826 22826 9845137 12759174 0 12759174 22826 22826 12782000 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF JANUARY 1, 2009, THE PLAN ADOPTED ASC TOPIC 740 - INCOME TAXES WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, INCLUDING THE ENTITY'S STATUS AS A TAX-EXEMPT ENTITY. 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. FORM 990, PART VI, SECTION A, LINE 3 GEMGROUP IS A THIRD PARTY ADMINISTRATOR THAT HAS BEEN APPOINTED TO DEAL WITH DAILY ADMINISTRATIVE ACTIVITIES AS FURTHER DESCRIBED IN THE AGREEMENT BETWEEN THE PLAN AND GEMGROUP. FORM 990, PART VI, SECTION A, LINE 7A THE FUND IS ADMINISTERED BY EIGHT (8) TRUSTEES. FOUR OF WHOM ARE APPOINTED BY THE UNION AND FOUR OF WHOM ARE APPOINTED BY THE DELAWARE DIVISION OF THE PENN-DEL-JERSEY CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE THIRD PARTY ADMINISTRATOR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT PROVIDED TO THE GENERAL PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 165843. UNREALIZED APPRECIATION(DEPRECIATION) ON INVESTMENTS CARRIED AT MARKET VALUE NUMBER OF EMPLOYEES REPORTED ON FORM W-3, TRANSMITTAL OF WAGE AND TAX STMTS 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 MEMBERS ON W-2 FORMS WHICH THEN GET TOTALED ON THE FORM W-3. THEREFORE, THE PLAN'S W-3 HAS 63 W-2'S ISSUED REPORTED ON FORM W-3. 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 NECESSATIATES THE SELLING OF SUCH ASSETS FOR EACH PURCHASE OF LONGER-TERM INVESTMENTS. THIS CASH MANAGEMENT ACTIVITY IS NOT INCLUDED IN PART VIII ITEM 7 AND ARE NOT CONSIDERED TO CONSTITUTE TRANSACTIONS CONSIDERED BY PART IV ITEM 32. FORM 990, PART VII, SECTION A: THE TRUSTEES OF THIS FUND ALL SERVE IN A SIMILAR CAPACITY FOR THE NECA LU NO. 313 I.B.E.W. PENSION PLAN AND THE NECA LU NO. 313 I.B.E.W. DEFERRED INCOME PLAN WHICH ARE RELATED ORGANIZATIONS. THE ESTIMATED AVERAGE HOURS PER WEEK WORKING ON THE RELATED ORGANIZATIONS IS 2 HOURS. DOUGLAS DRUMMOND AND PAUL F. CAMPBELL SERVE IN A SIMILAR CAPACITY AT UNION ELECTRICAL WORKERS, INC. WHICH IS A RELATED ORGANIZATION. THE ESTIMATED AVERAGE HOURS PER WEEK WORKING ON THE RELATED ORGANIZATION IS LESS THAN 1 HOUR. THE FUNDS' REASONABLE EFFORTS TO OBTAIN INFORMATION INCLUDED SENDING TO THE APPROPRIATE PERSONS (EG THOSE LISTED ON FORM 990, PART VII, SECTION A), A QUESTIONNAIRE ALONG WITH APPROPRIATE INSTRUCTIONS AND DEFINITIONS, AS DESCRIBED IN THE INSTURCTIONS TO THE FORM 990 AS EXAMPLES OF REASONABLE EFFORT. NECA LU NO 313 IBEW PENSION PL 650 NAAMANS RD STE 303 CLAYMONT DE 197032300 516025969 TO PROVIDE DEFINED BENEFIT PENSION BENEFITS TO ELECTRICAL WORKERS. DE 401(A) 0 NECA LU NO 313 IBEW DEFERRED INCOME PL 650 NAAMANS RD STE 303 CLAYMONT DE 197032300 510285774 TO PROVIDE DEF CONTRIB RETIREMENT BENEFITS TO ELECTRICAL WORKERS. DE 401(A) 0 UNION ELECTRICAL WORKERS INC 814 WEST BASIN RD NEW CASTLE DE 19720 237372758 OFFICE AND HALL RENTAL. DE 501(C)3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0