2015-11-12T14:59:37-06:00 2014-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2014-01-01 316654730 PRODUCERS' HEALTH BENEFITS PLAN % BENESYS ADMINISTRATORS PROD 3239604763 RALEIGH STUDIOS 650 N BRONSON AVE LOS ANGELES CA 90004 SALLY ANTONACCHIO CHAIRPERSON 3239604763 2015-11-12 true Paul Hammerschmidt P01384178 2128858000 2014 2016-02-25 16:41:14Z SALLY ANTONACCHIO C/O PHBP 650 N BRONSON AVE LOS ANGELES CA 90004 35231090 false X WWW.PHBP.ORG X 2001 CA TO PROVIDE CERTAIN HEALTH AND MEDICAL BENEFITS TO ELIGIBLE FREELANCE PRODUCTION EMPLOYEES. 14 14 1 14 0 0 0 0 14171138 17182544 276744 883462 0 0 14447882 18066006 0 0 9049173 13818783 132316 130898 0 0 0 1269130 1205167 10450619 15154848 3997263 2911158 26184242 28464081 1545380 1648858 24638862 26815223 THIS VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION PROVIDES FOR THE PAYMENT OF CERTAIN HEALTH AND MEDICAL BENEFITS TO ELIGIBLE INDIVIDUALS. false false PROVIDES CERTAIN HEALTH AND MEDICAL BENEFITS TO ELIGIBLE INDIVIDUALS. false false false false false false false false false false false false false true true 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 true false false true 0 0 1 true false false false false false false X 14 14 false false false false false true false true true false false false false false false false false false CA X BENESYS ADMINISTRATORS 8556962909 1050 LAKES DRIVE WEST COVINA CA 91790 X X SALLY ANTONACCHIO CHAIRPERSON 3.0 X X 0 0 0 MARK ANDROW TRUSTEE 3.0 X 0 0 0 RICHARD CARTER TRUSTEE 3.0 X 0 0 0 SEAN COOLEY TRUSTEE 3.0 X 0 0 0 KERSTIN EMHOFF TRUSTEE 3.0 X 0 0 0 ROBERT FERNANDEZ TRUSTEE 3.0 X 0 0 0 ROBERT FISHER TRUSTEE 3.0 X 0 0 0 KIM MACKAYE TRUSTEE 3.0 X 0 0 0 GARY ROSE TRUSTEE 3.0 X 0 0 0 DAN ROSENTHAL TRUSTEE 3.0 X 0 0 0 MATT SLATER TRUSTEE 3.0 X 0 0 0 DAVE BERNSTEIN TRUSTEE 3.0 X 0 0 0 CARL STURGES TRUSTEE 3.0 X 0 0 0 NORMAN REISS TRUSTEE 3.0 X 0 0 0 0 0 0 0 false false false Benesys Administrators 1050 LAKES DRIVE WEST COVINA CA 91790 PLAN ADMINISTRATOR 290001 BDO USA LLP 100 PARK AVENUE NEW YORK NY 10017 AUDIT & ACCOUNTING 201937 The Miles Organization 578 W Washington Blvd suite 801 MARINA DEL REY CA 90292 CONSULTANT 125000 3 0 EMPLOYERS' CONTRIBUTIONS 515100 15711881 15711881 PARTICIPANTS' CONTRIBUTIONS 515100 1470663 1470663 17182544 463615 463615 0 0 0 0 0 17584931 17165084 419847 419847 419847 0 0 0 0 18066006 17182544 0 883462 0 0 0 13818783 0 0 118915 0 9751 2232 95000 43478 201937 0 0 60701 190921 0 54837 8222 0 56889 68609 0 46023 0 0 0 33132 CONTRACT ADMINISTRATOR FEES 290001 TRUSTEE EXPENSES 53242 MISCELLANEOUS EXPENSES 2175 15154848 2720769 2355382 1892496 2029399 0 0 1063505 1030070 0 0 0 0 0 0 0 0 23675 45785 0 20483797 23003445 0 0 0 0 0 0 0 0 26184242 28464081 833800 922012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 711580 726846 1545380 1648858 X 0 0 0 0 24638862 26815223 24638862 26815223 26184242 28464081 X 2911158 -160573 -574224 X false true X true false 0 DUE TO REALTED PARTY 524282 DUE TO BROKER FOR SECURITIES PURCHASED 202564 726846 X 17844732 -160573 -160573 18005305 60701 60701 18066006 15094147 15094147 60701 60701 15154848 PART X, LINE 2: U.S. GAAP REQUIRES PRODUCERS' HEALTH BENEFITS PLAN (THE "PLAN") MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE FEDERAL, STATE AND/OR LOCAL TAXING AUTHORITIES. PLAN MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. FORM 990, PART VI, SECTION A, LINE 7A: IF AN EMPLOYER TRUSTEE VACANCY ARISES, THE PLANS TRUST AGREEMENT PROVIDES THAT THE TRUSTEES REPRESENTING THE EMPLOYERS HAVE THE POWER TO APPOINT A SUCCESSOR EMPLOYER TRUSTEE FOR THE PLAN. IF A COVERED EMPLOYEES TRUSTEE VACANCY ARISES, THE TRUSTEES REPRESENTING COVERED EMPLOYEES HAVE THE POWER TO APPOINT A SUCCESSOR COVERED EMPLOYEES TRUSTEE FOR THE PLAN. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PROVIDED TO THE PLANS BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DID NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE PLANS THIRD PARTY ADMINISTRATOR UPON REQUEST. FORM 990, PART XI, LINE 8: DURING THE YEAR ENDED DECEMBER 31, 2014, THE PLAN DETERMINED THAT CERTAIN EMPLOYER CONTRIBUTIONS RECEIVED FOR FREELANCERS WERE OVERSTATED AS OF DECEMBER 31, 2013 BY $574,224. IN ADDITION, CERTAIN EMPLOYERS' CONTRIBUTIONS RECEIVED FOR STAFF IN THE AMOUNT OF $371,599 WERE INCORRECTLY INCLUDED IN EMPLOYERS' CONTRIBUTIONS - FREELANCERS. THE EFFECT ON THE PLAN'S CHANGE IN NET ASSETS AS REPORTED IN THE PREVIOUSLY ISSUED DECEMBER 31, 2013 FINANCIAL STATEMENTS IS SUMMARIZED AS FOLLOWS: CHANGES IN NET ASSETS AS PREVIOUSLY REPORTED ADJ. AS RESTATED EMPLOYERS' CONTRIBUTIONS: FREELANCERS 10,298,721. (945,823.) 9,352,898. STAFF 2,773,166. 371,599. 3,144,765. TOTAL CONTRIBUTIONS 14,171,138. (574,224.) 13,596,914. TOTAL ADDITIONS 15,621,725. (574,224.) 15,047,501. NET INCREASE 5,228,620. (574,224.) 4,654,396. NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR 24,638,862. (574,224.) 24,064,638. THE EFFECT ON THE PLAN'S NET ASSETS AVAILABLE FOR BENEFITS AS REPORTED IN THE PREVIOUSLY ISSUED DECEMBER 31, 2013 FINANCIAL STATEMENTS IS SUMMARIZED AS FOLLOWS: AS PREVIOUSLY REPORTED ADJ. AS RESTATED EMPLOYERS' CONTRIBUTIONS RECEIVABLE 1,040,451. (574,224.) 466,227. TOTAL RECEIVABLES 1,063,505. (574,224.) 489,281. TOTAL ASSETS 26,184,242. (574,224.) 25,610,018. NET ASSETS AVAILABLE FOR BENEFITS 24,638,862. 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