2024-02-14T13:18:56-06:00 2023-03-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-04-01 381328578 Michigan Conference of Teamsters Welfare Fund MICH 3139642400 2700 Trumbull Avenue Detroit MI 482161269 Kyle Stallman Executive Director 3139642400 2024-02-13 1 Kyle Stallman XXX-XX-XXXX 1 Ariel Garcia P02244437 3126343400 2024-02-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kyle Stallman 2700 Trumbull Avenue Detroit MI 482161269 491760250 0 X www.mctwf.org X 1949 MI To provide medical, prescription drugs, dental, vision, behavioral health, disability and death benefits for eligible participants and their dependents. 8 5 101 0 0 0 0 0 308382667 329098737 76912693 1790507 1741 88504 385297101 330977748 0 0 292704487 306582993 11334037 11622549 0 0 0 13656910 14556191 317695434 332761733 67601667 -1783985 640344549 592976967 12457503 10017809 627887046 582959158 X The Michigan Conference of Teamsters Welfare Fund (MCTWF) seeks to provide to its participants and their eligible dependents the highest quality of administrative services and a broad range of cost-effective health and welfare benefit package choices, utilizing provider networks that employ the highest professional standards and that provide participants and their eligible dependents with the greatest possible access. MCTWF seeks, as well, to fully accommodate the related educational and operational requirements of teamster union representatives and employers who contract to provide MCTWF coverage. In sum, MCTWF seeks to provide the best group health plan option among all available group health plans and insurers to meet the health and welfare benefit needs of teamster members and their families. 0 0 To provide medical, prescription drugs, dental, vision, behavioral health, disability, and death benefits for eligible participants and their dependents. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 227 0 1 101 1 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Bryan Carney 3139642400 2700 Trumbull Avenue Detroit MI 482161269 X Raymond J Buratto Co-Chair, Trustee 4.00 X X 13410 0 27719 Earl D Ishbia Trustee 2.00 X 12000 0 27719 Robert W Jones Trustee 2.00 X 12000 0 27719 Gregory W Nowak Co-Chair, Trustee 4.00 X X 0 0 0 Kevin Moore Trustee 2.00 X 0 0 0 Ellis Wood Trustee 2.00 X 0 0 0 Thomas Ziembovic Trustee 2.00 X 0 0 0 Ann Zick Trustee 2.00 X 0 0 0 Kyle Stallman Executive Director 55.00 X 337303 0 61920 William Deighton Director of IT and Service 45.00 X 207482 0 58385 Bryan Carney Director of Financial Services 45.00 X 181943 0 57386 Patricia LaVigne Sr. Director of Benefit Admin 45.00 X 197253 0 38452 Sandra Bowman-Claus Senior Director for Plan Operations 45.00 X 159740 0 50722 Vishal Sharma Computer Systems Analyst 45.00 X 147756 0 56152 1268887 0 406174 14 0 1 0 Blue Cross Blue Shield of Michigan 600 E Lafayette Street Detroit MI 482262998 Provider Network and Payment Processing 7508635 PrudentRX LLC 820 Northdale Boulevard Suite 311- Tampa FL 33624 TPA for Specialty Drugs 1608016 Delta Dental Plan of Michigan 124 W Allegan Street Lansing MI 48933 TPA for Dental Benefits 466542 Morgan Stanley Global Banking Operations 40701 Woodward Avenue Suite 200 Bloomfield Hills MI 48304 Investment Advisory Fees 387938 Willis Towers Watson US LLC 26555 Evergreen Road Suite 1600 Southfield MI 48076 Actuarial Services 348170 11 Employer Contributions 900099 325151736 325151736 Retiree Contributions 900099 3148327 3148327 Cobra Contributions 900099 798674 798674 329098737 12138193 12138193 4947 0 4947 4947 4947 150434816 160782502 -10347686 -10347686 -10347686 Legal Settlement Incom 900099 83557 83557 83557 330977748 329098737 0 1879011 306582993 540263 6698872 1711911 2119749 551754 209224 80300 1982708 9165005 720838 1063450 395998 22677 458 446277 353037 Repairs & Maintenance 65120 Recruitment Expense 42851 Employee Relations 5090 Dues & Subscriptions 3158 332761733 24324213 15998873 10940002 6216717 15740545 19475274 257476 423999 9374630 5979722 3351417 3394908 182079508 175146888 403058362 371601132 593026 719176 640344549 592976967 1725134 2283724 10732369 7734085 12457503 10017809 X 627887046 582959158 627887046 582959158 640344549 592976967 -1783985 -43143903 0 X X 0 1 X 1 0 440593 440593 4019880 3767321 252559 1224041 1143582 80459 3690116 1068819 2621297 3394908 Mutual Funds 325197808 F Investment in Partnerships 34348694 F Commingled Funds 12054630 F 371601132 Prepaid contributions - Actives 7469378 Prepaid Contributions - Retirees 264707 7734085 X 285851137 -43143903 -43143903 328995040 1982708 1982708 330977748 330779025 0 330779025 1982708 1982708 332761733 Part X, Line 2: The Master Trust established to hold the Plan's assets is intended to qualify pursuant to Section 501(c)(9) of the Internal Revenue Code; accordingly, the Master Trust's net investment income is exempt from income taxes. The Master Trust has obtained a favorable tax determination letter from the Internal Revenue Service, and the Plan Sponsor believes that the Master Trust, as amended, continues to qualify and to operate in accordance with applicable provisions of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes that the Plan is no longer subject to tax examinations for fiscal years prior to March 31, 2020. Central America and the Caribbean 0 0 Investments in Foreign Hedge Fund 25666851 0 0 0 0 0 0 25666851 0 25666851 1 0 1 0 0 0 Part III Accounting Method: X X 0 0 0 Kyle Stallman Executive Director 337303 0 0 0 0 0 26556 0 35364 0 399223 0 0 0 William Deighton Director of IT and Service 207482 0 0 0 0 0 23800 0 34585 0 265867 0 0 0 Bryan Carney Director of Financial Services 181943 0 0 0 0 0 23034 0 34352 0 239329 0 0 0 Patricia LaVigne Sr. Director of Benefit Admin 197253 0 0 0 0 0 23494 0 14958 0 235705 0 0 0 Sandra Bowman-Claus Senior Director for Plan Operations 159740 0 0 0 0 0 22368 0 28354 0 210462 0 0 0 Vishal Sharma Computer Systems Analyst 147756 0 0 0 0 0 22009 0 34143 0 203908 0 0 0 Form 990, Part VI, Section A, line 7a The Fund's governing body, the Board of Trustees, provides in the Fund's Agreement and Declaration of Trust that in the case of Employer Trustee vacancies, the remaining Employer Trustee(s), by majority vote, shall appoint successor Trustees to fill the vacancies. Form 990, Part VI, Section B, line 11b The Director of Financial Services and the Executive Director review and approve the Form 990 prepared by the independent auditors on behalf of the trustees. Form 990, Part VI, Section B, line 12c An annual disclosure questionnaire is distributed to the Board of Trustees, MCTWF employees, fund professionals and vendors to identify circumstances, relationships and transactions that may give rise to a conflict of interest. The questionnaires are reviewed by the human resources director, executive director and legal counsel. If conflicts are identified, measures are taken by the Executive Director to make sure that these trustees or employees would be removed from any decision making. Form 990, Part VI, Section B, line 15 An independent compensation consultant was used in establishing the Executive Director's compensation. There is a written employment contract that is reviewed and approved by the Board of Trustees. An annual merit pool is reviewed and approved by the Board of Trustees for other salaried employees based on a recommendation by the Executive Director that is approved by the Board of Trustees. Individual merit increases based on performance appraisals and market adjustments are determined by the Executive Director. Form 990, Part VI, Section C, line 19 The trust agreement is available on MCTWF's website. The audited annual financial statements as part of the Form 5500 is available upon request and electronically available on the United States Department of Labor website. The information is made available for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part VII, Section A The compensation for employees of organizations which are considered related due to the contributing employer relationship was not available at the time of filing and is available upon request. 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Rite Inc Flex Underground & Hydro Excavation Flint Welding Supply Co Florence Cement Company Floyd's Rigging & Machinery Movers Inc Flynn Paving Co Forterra Pipe & Precast FPS Holdings Inc FPT Pontiac LLC Frisbie Moving & Storage Co G & J Pepsi-Cola Bottlers Inc G & L Corporation G V Cement Contracting Co G W Berkheimer Co Inc General Hardwood Company Geo F Alger Company GFL Environmental Inc Gilbert Exposition Management Services GLE an SPX Company Gold Medal Productions Gorski Bulk Transport Inc Grand Blanc Cement Products Inc Grand Rapids Gravel Company Graybar Electric Company Inc Great Lakes Export Co Gundlach Champion Inc Hall Engineering Company Hancock Bottling Co Inc Hangman Films Inc Hare Freight Services Inc Heding Truck Service Inc Holly Construction Company Hope's Hauling Inc Hotflame Gas Inc Hoyt Brumm & Link Inc HP Products Corp Huth Ready Mix & Supply Co Inc HW Star Holding Corp Imlach Movers Inc Industrial Transmission Equipment Inc Intercon Construction Inc J W Cole & Son's Inc Jay Cobb Corp JJ Barney Construction Inc John D Osborne Trucking Inc John E Green Company John P O'Sullivan Distributing Inc Joshen Michigan Kehe Distributors Inc Keller Transfer Line Inc Kiewit Power Constructors Co Kinnie Driver Services Inc Kuhlman Corporation LJ Beal & Son Inc LALA US Inc Laramie Inc Leach Trucking Co Inc Leprino Foods Company Lewis Brothers Bakeries Inc Libra Industries Inc of Michigan Linde Gas & Equipment Marysville MI Lou's Transport Inc M C Gutherie Lumber Co MJ Kellner Co Inc Madison Crushing & Excavating Co Madison Sand and Gravel Company Inc Magra Inc Marathon Flint Oil Co Martin Transportation Systems Inc Mc Nally - 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dba Republic Serv Triple R Trucking Inc Turner Brooks Inc U S F Holland Inc US Silica Company Union Payroll Agency Inc United Paint & Chemical Corporation United Piping Incorporated Univar U S A Inc Upper Peninsula Concrete Pipe Co Inc US Foods Inc US Foods Inc - Kalkaska-Saginaw Van Dyke Gas Co Van Horn Concrete Variety Food Services Inc Ventcon Inc Veritiv Operating Company Verndale Products Inc Walbridge Equipment Installation LLC Waste Management Of Pontiac - City Waste Waste Management Of Michigan - Eagle Valley Woodland Measows Wayne Pipe & Supply Wick's Pies Inc Willbee Concrete Vaults LLC Willbee Transit Mix Co Inc Williams Plant Services Wiltfong Moving & Storage Inc Wirt Transport Company Inc Wolverine Packing Co Woodridge Productions Inc YRC Freight 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1