SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2016
Open to Public
Inspection
Name of the organization
ASBESTOS WORKERS LOCAL 24
APPRENTICESHIP FUND
Employer identification number

52-6083904
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 3 THE PLAN HAS OUTSOURCED ITS DAY TO DAY OPERATION OF THE PLAN TO CARDAY ASSOCIATES, INC. FOR A MONTHLY FEE. CARDAY ASSOCIATES COLLECTS CONTRIBUTIONS, PAYS EXPENSES, PROVIDES RECORD KEEPING AND ACCOUNTING FOR THE PLAN. THE BOARD OF TRUSTEES IS STILL RESPONSIBLE FOR OVERSEEING THE PLAN AND MAKING CHANGES TO THE TRUST AGREEMENT AND SUMMARY PLAN DESCRIPTION.
FORM 990, PART VI, SECTION A, LINE 7A THE UNION HAS THE ABILITY TO APPOINT THREE OF THE SIX TRUSTEES. THE EMPLOYERS HAVE THE ABILITY TO APPOINT THE OTHER THREE OF THE SIX 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 11B FORM 990 IS REVIEWED BY THE MANAGEMENT OF THE PLAN, THE DIRECTOR, PRIOR TO THE FILING OF THE FORM WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED BY ENSURING THAT THE INDIVIDUAL TRUSTEES ARE AWARE OF THEIR DUTIES UNDER THE POLICY, AS WELL AS THEIR GENERAL FIDUCIARY DUTIES UNDER ERISA. WHEN A CONFLICT EXISTS, THE AFFECTED TRUSTEE IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM CONSIDERATION OF THE MATTER FOR WHICH THE CONFLICT ARISES. THE POLICY CONTEMPLATES THAT REAL AND POTENTIAL CONFLICTS BE SURFACED BEFORE THE FULL BOARD OF TRUSTEES, WHO WOULD THEN CONSULT WITH COUNSEL TO HELP DETERMINE THE APPROPRIATE COURSE OF ACTION.
FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST TO PARTICIPANTS ONLY.
FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO PARTICIPANTS ONLY.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2016


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