2017-10-15T06:59:36-07:00 2016-12-31 Murphy Whalen & BroussardLLC 401 Veterans Memorial Boulevard Sui Metairie LA 70005 990 2016-01-01 300285271 IUOE Local 406 Welfare Fund IUOE 2259241311 7370 Chef Menteur Highway New Orleans LA 70126 Robert S Boh Chairman 2017-10-15 true Thomas J Kerner CPA P00098497 5048371334 2016 2018-03-14 21:41:22Z 21999053 false false X 406wf.org X 2004 LA The organization's primary exempt purpose is to provide Health (medical/Rx) and Welfare (life/AD&D) benefits to participants and their eligible dependents. X 4 4 2 0 0 9214130 8238522 239218 241278 0 9453348 8479800 0 7930532 7877580 180341 190425 0 0 811439 881657 8922312 8949662 531036 -469862 11083764 9127497 206857 90375 10876907 9037122 X The organization's primary exempt purpose is to provide Health (medical/Rx) and Welfare (life/AD&D) benefits to participants and their eligible dependents. false true The plan provided health benefits on a self funded basis for Major Medical coverage for eligible participants. The plan paid insurance premiums to an insurance carrier to provide Life and accidental death and dismemberment coverage to eligible participants. The plan also paid insurance premiums for Stop-Loss coverage in connection with its self funded benefits. There were 888 plan participants as of the end of the year. false false false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false true 5 0 true 2 true false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true true true false X Rouen Caboche 2259241311 7651 Airline Highway Baton Rouge LA 70814 X Robert S Boh Chairman 0.00 0.00 X 0 0 0 Carlos Benoit Trustee 0.00 0.00 X 0 0 0 D Jason Billings Vice Chairman 0.00 0.00 X 0 0 0 Mike Morain Trustee 0.00 0.00 X 0 0 0 0 false false false United Healthcare Insurance Company 22703 Network Place Chicago IL 606731227 Admin. Services Only 539661 1 0 Employer Contributions 8123491 8123491 Member Contributions 115031 115031 8238522 196923 196923 0 0 0 13563608 13519253 44355 44355 44355 0 0 0 0 8479800 8238522 241278 0 0 0 7877580 0 0 143441 13487 22403 11094 0 63192 26000 0 0 33338 626308 0 3328 40931 0 5715 8065 0 0 0 0 1933 8802 Transitional Reinsurance Fee 51327 IRS Patient Centered Trust Fee 4259 Postage and Shipping 3498 Telephone 2342 2619 8949662 0 0 0 130245 2556649 353516 1313904 0 1332971 2063301 0 870971 261875 0 0 12034 102961 63754 62854 2833 900 8381194 2827907 0 0 0 0 11083764 9127497 206857 90375 206857 90375 X 10876907 9037122 10876907 9037122 11083764 9127497 X -469862 -1369923 X false true X false false 63754 62854 900 900 8479800 8479800 8479800 8949662 8949662 8949662 Cash 2016-12-14 1443067 Fair Value - Cash 432067325 Southern Operators Health Fund 2001 Caldwell Dr Goodlettsville TN 37072 501(c) 9 true false false false Part I & 2, Line 2e - Name and Explanation for Involvement in Successor The plan transferred $3,612,735 ($1,443,067 in December 2016 and $2,169,668 in January 2017) to Southern Operators Health Fund, EIN 43-2067325 in connection with a participation agreement for all of the Health (medical/Rx) and Welfare (life/AD&D) provided under Southern Operators Health Fund effective 1/1/2017, with a corresponding termination of those Health and Welfare benefits under this plan effective 12/31/2016. Pursuant to the Participation Agreement, which allows a Local 406-appointed Trustee position and an Employer-appointed Trustee position on the Board of Trustees for the Southern Operators Health Fund, D. Jason Billings and Mike Morain were appointed by Local 406 and the Employer respectively to serve in that position. They also continue to serve as Trustees for the IUOE Local 406 Welfare Fund. Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services The IUOE Local 406 Welfare Fund ("406 Fund") transferred $3,612,735 ($1,443,067 in December 2016 and $2,169,668 in January 2017) to Southern Operators Health Fund ("SOHF"), EIN 43-2067325, pursuant to a Participation Agreement in order to purchase and provide for coverage, for Health (medical/Rx) and Welfare (life/AD&D) benefits for its eligible employees and dependents, under the Southern Operators Health Fund ("SOHF") effective 1/1/2017, in an effort to achieve cost savings by participating in a larger group of covered lives. As part of this transition, the 406 Fund ceased directly providing such Health and Welfare benefits effective 12/31/2016. Form 990, Part VI, Line 11b: Form 990 Review Process Before Form 990 is filed, the Trustees are given copies of the Final Return to Review. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Trustees annually review and monitor compliance with policy. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Trustees approve all Salaries on an annual basis. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Made available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Net appreciation of Marketable Securities = $73144 Other Changes In Net Assets Or Fund Balances - Other Decreases Transfers to Southern Operators Health Fund = -$1443067