| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | UNION TRUSTEE CHRISTOPHER WALSH AND ALTERNATE TRUSTEE WAYNE WALSH ARE OFFICERS OF ILA LOCAL UNION NO. 1730. EMPLOYER ALTERNATE TRUSTEE MICHAEL DAY IS EMPLOYED BY A COMPANY THAT HAS A COLLECTIVE BARGAINING AGREEMENT WITH ILA LOCAL UNION NO. 1730 IN WHICH UNION TRUSTEE CHRISTOPHER WALSH AND ALTERNATE TRUSTEE WAYNE WALSH ARE OFFICERS. MEMBERS OF THE LOCAL UNION ARE EMPLOYED BY THE COMPANIES THAT THE EMPLOYER TRUSTEE'S REPRESENT AND THE TERMS AND CONDITIONS OF THAT EMPLOYMENT ARE NEGOTIATED BY THE EMPLOYER AND THE LOCAL UNION IN THE COLLECTIVE BARGAINING PROCESS. |
| FORM 990, PART VI, SECTION A, LINE 7A | UNION TRUSTEES ARE APPOINTED BY THE EXECUTIVE BOARD OF ILA LOCAL UNION NO. 1730. SINCE THERE WERE NO REMAINING CONTRIBUTING EMPLOYERS TO THE FUND EFFECTIVE AUGUST 7, 2023, THE TRUSTEES DETERMINED THAT IT WAS IN THE BEST INTEREST OF THE FUND TO PROVIDE FOR A PROFESSIONAL TRUSTEE TO ACT AS AN EMPLOYER TRUSTEE AND APPOINTED SUCH TRUSTEE. THE APPOINTING EMPLOYER TRUSTEE MAY NAME A SUCCESSOR WHO IS NOT AFFILIATED WITH ANY CONTRIBUTING EMPLOYER WHO WILL SERVE AS A SUBSEQUENT PROFESSIONAL TRUSTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY EACH OF THE TRUSTEES OF THE PLAN. THE BOARD OF TRUSTEES IS THE GOVERNING BODY OF THE FUND AND CONSISTS OF ALL OF THE VOTING MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THIS ORGANIZATION IS AN EMPLOYEE BENEFIT PLAN COVERED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT. SECTIONS 404 AND 406 OF THAT ACT PROVIDE THE LEGAL STANDARD AND PROCEDURES WITH REGARD TO CONFLICTS OF INTEREST FOR THE BOARD OF TRUSTEES. THE TRUSTEES HAVE A STATUTORY DUTY UNDER ERISA TO AVOID CONFLICTS AND TO REPORT THEM WHEN THEY OCCUR. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT THE FUND'S OFFICE. |
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