2015-10-09T08:21:15-07:00 2014-12-31 TED SOILEAU CPA LLC 2133 Silverside Dr Ste C Baton Rouge LA 70808 990 2014-01-01 726029088 SOUTH CENTRAL LABORERS HEALTH & WELFARE FUND SOUT 6158590131 PO BOX 1449 GOODLETTSVILLE TN 37070 STEPHEN E FARNER Chairman/Truste 2015-10-09 true TED A SOILEAU P00852991 2257667910 X 2014 2016-02-25 16:41:14Z 3376873 false false X N/A X 1965 TN TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE FUNDS TRUST AGREEMENT AND THE COLLECTIVE BARGAINING AGREEMENT. 4 4 0 5 0 0 746031 1113424 46103 84982 0 792134 1198406 0 417213 961217 458 27 0 0 170764 148845 588435 1110089 203699 88317 3534636 3813884 251885 451301 3282751 3362583 X TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE FUNDS TRUST AGREEMENT AND THE COLLECTIVE BARGAINING AGREEMENT. false false 767077 TO PROVIDE VISION, LIFE, MAJOR MEDICAL, HOSPITAL, LAB & DIAGNOSTIC HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. 148602 TO PROVIDE PRESCRIPTION HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS. 38251 STOP LOSS INSURANCE COVERAGE. 7287 961217 false false false false false false false false false false false true 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 false false false false false true false false false false true 101 0 true 0 false false false false false false false false false false false false false X 4 4 true true false false true true false true true false false true true true true true true false false false X SOUTHERN BENEFIT ADMINISTRATOR 6158590131 PO BOX 1449 GOODLETTSVILLE TN 370701449 X STEPHEN E FARNER Chairman/Truste 1.00 0.00 X 0 0 0 DENNIS MILLER UNION TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM TAYLOR MGT TRUSTEE 1.00 0.00 X 0 0 0 GLEN FARNER UNION TRUSTEE 1.00 0.00 X 0 0 0 0 false false false SOUTHERN BENEFIT ADMINISTRATORS INC PO BOX 1449 GOODLETTSVILLE TN 370701449 MGT/CONSULTING 100267 EXPRESS SCRIPTS ONE EXPRESS WAY HQ21-04 ST LOUIS MO 63121 PRESCRIPTION BENEFIT 148602 2 0 EMPLOYER CONTRIBUTIONS 525100 1063951 1063951 MEMBER CONTRIBUTIONS 525100 31018 31018 Subrogation Settlements 525100 18455 18455 1113424 55247 55247 0 0 0 2208202 2178467 29735 29735 29735 0 0 0 0 1198406 1143159 55247 0 0 0 961217 961217 0 0 0 0 0 27 27 0 14375 14375 26275 26275 0 0 50 50 96936 96936 0 0 0 0 1320 1320 6746 6746 0 0 0 0 0 0 Postage and Shipping 1943 1943 BK CHARGES 1132 1132 SHREDDING FEES 68 68 0 1110089 961217 148872 0 329038 367874 8001 7969 0 78987 36888 0 0 0 0 6126 0 1713784 1399160 1404742 1995783 0 0 84 84 3534636 3813884 32444 13853 219441 437448 251885 451301 X 3282751 3362583 3282751 3362583 3534636 3813884 88317 -8485 X false true X true false 1995783 CIBNR & ACCUM. LIABILITY 437448 437448 X 1189871 -8485 -8485 1198356 50 50 1198406 1110039 1110039 50 50 1110089 Part X : FIN48 Footnote Accounting for the uncertainty of tax positions can impact the financial statements. Even though the Fund is exempt from income taxes, The Fund must still consider whether its exempt income and other activities of the Fund might be determined to be unrelated business income, and whether the Fund has properly maintained its tax exempt status. FASB ASC 740 (FIN 48), published by the Financial Accounting Standards Board, addresses the issue of accounting for the uncertainty of material tax positions impacting the financial statements. The Board of Trustees has adopted the provisions of FIN # 48 effective December 31, 2008. The accounting for all material positions taken, or expected to be taken, on any income tax return is governed by FASB ASC 740 (FIN 48). Income tax returns include those positions that were filed or that should have been filed with Federal taxing authorities. It is the Board of Trustees policy to assess all material postions taken on any federal income tax return. The Board will require its legal and tax counsel to communicate to them all such uncertain tax positions in order to evaluate the impact of the tax position and the reporting and disclosure required. The requirement will apply to not only the current reporting year but also to all prior open reporting years that could still be subject to examination by a taxing authority. The Board of Trustees has determined that any material uncertain tax positions that are presented to the Board of Trustees will be recognized and measured using a " more-likely-than-not ", (MLTN) threshold. The MLTN threshold means that;1. A benefit related to an uncertain tax position may not be recognized in the financial statements unless it is MLTN that the position will be sustained based on its technical merits, and 2. There must be more than a 50 % likelihood that the position would be sustained if challenged and considered by the highest court in the relevant jurisdiction.Measurement of any uncertain tax position will require calculating the cumulative probability of an outcome either for or against the tax position. The tax benefit of a qualifying position is the largest amount of tax benefit that is more than 50 % likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Initial recognition of an uncertain tax position will require continued reassessment of the tax position on an annual basis. As of each year end any unresolved uncertain tax postions must be reassessed, and the Trustees must determine whether;1. the factors underlying the sustainability assertions have changed and,2. the amount of the recognized tax benefit is still appropriate.Developments such as case law, changes in tax law, new rulings or regulations issued by taxing authorities, could affect whether a tax position should be recognized or the amount that should be reported. The Fund will be required to accrue interest and penalties that, under present tax law, the Fund would incur if the uncertain tax position ultimately were not sustained.For the year ending December 31, 2014, no uncertain tax positions were determined to exist. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: STOP LOSS INSURANCE COVERAGE. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et GLEN FARNER, TRUSTEE, IS THE BROTHER OF STEPHEN E. FARNER, CHAIRMAN OF THE BOARD OF TRUSTEES. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company SEVERAL THIRD PARTY ADMINISTRATORS HAVE BEEN RETAINED BY THE BOARD OF TRUSTEES TO HANDLE THE ADMINISTRATIVE DUTIES OF THE FUND. THOSE DUTIES INCLUDE PAYING HEALTH INSURANCE BENEFITS, PAYING ADMINISTRATIVE BILLS, PROCESSING MONTHLY AND ANNUAL REPORTS, PROCESSING INVESTMENT TRANSACTIONS AND REPORTS, AND VALUING INVESTMENT ASSETS. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THE ELIGIBLE MEMBERS OF THIS ORGANIZATION ARE THOSE ELIGIBLE MEMBERS WHO ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS IN FORCE BETWEEN THE REPRESENTATED LABORER LABOR UNIONS IN MISSISSIPPI AND LOUISIANA AND THE PARTICIPATING EMPLOYERS WHO EMPLOY THOSE MEMBERS.THE ORGANIZATION IS OPERATED BY A BOARD OF TRUSTEES WHO ARE MEMBERS OF THE ORGANIZATION AUTHORIZED TO OPERATE THIS MULTI-EMPLOYER PLAN. Form 990, Part VI, Line 11b: Form 990 Review Process A CERTIFIED PUBLIC ACCOUNTING FIRM IS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE CHAIRMAN AND SECRETARY OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. A COPY OF TAX RETURN IS PROVIDED TO THE FUND ADMINISTRATOR, SOUTHERN BENEFIT ADMINISTRATORS, INC. FOR THEIR REVIEW. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD OF TRUSTEES MEETS QUARTERLY TO ADDRESS POLICY ISSUES, PLAN OF BENEFIT CHANGES, INVESTMENT POLICY REVIEW AND POLICY DECISIONS, APPEAL OF BENEFITS, REVIEW OF EMPLOYER CONTRIBUTION REPORTS AND DELINQUENCIES, LEGAL COUNSEL REPORT AND FUND ADMINISTRATOR REPORT. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST, PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE FULL BOARD OF TRUSTEES AND ACTED UPON. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AS CLEARLY INDICATED IN THE ANNUAL SUMMARY REPORT TO THE PARTICIPANTS AND EMPLOYERS, A FULL COPY OF THE COMPLETE U.S. DEPARTMENT OF LABOR FROM 5500 IS AVAILABLE UPON REQUEST ALONG WITH A COPY OF THE AUDITORS ANNUAL REPORT. THE SUMMARY ANNUAL REPORT IS MAILED ANNUALLY TO ALL PARTICIPANTS AND EMPLOYERS. THE IRS FORM 990 WILL ALSO BE MADE AVAILABLE UPON REQUEST TO THE FUND ADMINISTRATOR. LOUISIANA LABORERS H&W 3340 SEVERN AVENUE SUITE 225 METAIRIE LA 70002 CONTRIBUTING EMPLOYER LA 501(C)(9) N/A false MICHIGAN LABORERS 6525 CENTURION DR LANSING MI 48917 CONTRIBUTING EMPLOYER MI 501(C)(9) N/A false OAKDALE POLICE PO BOX 728 OAKDALE LA 71463 CONTRIBUTING EMPLOYER LA GOV'T N/A false SW LABORERS PO BOX 860007 PLANO TX 75086 CONTRIBUTING EMPLOYER TX 501 (C) (5) N/A false SOUTHEASTERN LABORERS 51 CENTURY BLVD SUITE 300 NASHVILLE TN 37214 CONTRIBUTING EMPLOYER TN 501 (C) (5) N/A false SOUTHEAST LABORERS DISTRICT COUNCIL 51 CENTURY BLVD NASHVILLE TN 97211 421637053 SPONSORING ORGANIZATION TN 501(C)(5) N/A false SHEEHAN PIPELINE 2431 EAST 61ST ST TULSA OK 74136 CONTRIBUTING EMPLOYER OK N/A false false ALADDIN CONSTRUCTION 12273 B SHRINERS BLVD BILOXI MS 39532 CONTRIBUTING EMPLOYER MS NO C CORP false ASSOCIATED PIPELINE CONTR 3535 BRIARPARK STE 135 POBOX42803 HOUSTON TX 77042 CONTRIBUTING EMPLOYER TX NO C CORP false APCOM POWER 110 JAMES DRIVE WEST STE 138 ST ROSE LA 70087 CONTRIBUTING EMPLOYER LA NO C CORP false BESSETTE DEVELOPMENT 3025 LAKE STREET LAKE CHARLES LA 70601 CONTRIBUTING EMPLOYER LA NO C CORP false CONST INDUS LABS 6405 METCALF STE 200 OVERLAND PARK KS 66202 CONTRIBUTING EMPLOYER KS NO C CORP false CM MICIOTTO PO BOX 80706 LAFAYETTE LA 70598 CONTRIBUTING EMPLOYER LA NO C CORP false CONTINENTAL PIPELINE SERVICES 301 N MASON ST CARROLLTON MO 64633 CONTRIBUTING EMPLOYER MT NO C CORP false FOUNTAIN CONSTRUCTION PO BOX 10506 JACKSON MS 39289 CONTRIBUTING EMPLOYER MS NO C CORP false LE MEYERS INC PO BOX 1099 RURAL HALL NC 27045 CONTRIBUTING EMPLOYER NC NO C CORP false LEWING CONSTRUCTION PO BOX 5216 LAKE CHARLES LA 70606 CONTRIBUTING EMPLOYER LA NO C CORP false MADISON INDUSTRIAL SERVICES 300 S PENNELL RD STE 310 MEDIA PA 19063 CONTRIBUTING EMPLOYER PA NO C CORP false MEI ELECTRICAL INC PO BOX 77810 BATON ROUGE LA 70879 CONTRIBUTING EMPLOYER LA NO C CORP false MICHELS PIPELINE PO BOX 128 BROWNSVILLE WI 53006 CONTRIBUTING EMPLOYER WI NO C CORP false MILLER PIPELINE 8850 CRAWFORDSVILLE ROAD INDIANAPOLIS IN 46234 CONTRIBUTING EMPLOYER IN NO C CORP false NORTHERN CLEARING 1805 MAIN ST WEST ASHLAND WI 54806 CONTRIBUTING EMPLOYER WI NO C CORP false PRICE GREGORY INTL 920 MEMOIAL CITY WAY HOUSTON TX 77024 CONTRIBUTING EMPLOYER TX NO C CORP false RAM CONSTRUCTION SERVICES 13800 ECKLES RD LIVONIA MI 48150 CONTRIBUTING EMPLOYER MI NO C CORP false STEBBINGS ENG 363 EASTERN BLVD WATERTOWN NY 13601 CONTRIBUTING EMPLOYER NY NO C CORP false STONE & WEBSTER PO BOX 217 ST FRANCISVILLE LA 70775 CONTRIBUTING EMPLOYER LA NO C CORP false SULPHUR ELEC PO BOX 30 SULPHUR LA 70664 CONTRIBUTING EMPLOYER LA NO C CORP false TERRA RESTORATION SERVICES 14616 HWY 15 DOWNSVILLE LA 71234 CONTRIBUTING EMPLOYER LA NO C CORP false ATLANTIC PLANT MAINTENANCE 3225 PASADENA BLVD PASADENA TX 77503 CONTRIBUTING EMPLOYER TX N/A C CORP false INDUSTRIAL CONTRACTORS INC PO BOX 208 EVANSVILLE IN 47702 CONTRIBUTING EMPLOYER IN N/A C CORP false MCABEE CONSTRUCTION INC 5724 21ST STREET TUSCALOOSA AL 35401 CONTRIBUTING EMPLOYER AL NO C CORP false MCT SERVICES 7401 W 129th Street Overland Park KS 66213 CONTRIBUTING EMPLOYER KS N/A C CORP false SCHNABEL FOUNDATION 45240 BUSINESS COURT 250 STERLING VA 20166 CONTRIBUTING EMPLOYER VA NO C CORP false US PIPELINE INC 950 Echo Ln Houston TX 77024 CONTRIBUTING EMPLOYER TX NO C CORP false WALBRIDGE EQUIPMENT 777 Woodward Ave 300 DETROIT MI 48226 CONTRIBUTING EMPLOYER MO N/A C CORP false ADVANCED INDUSTRIAL SERVICES PO BOX 1268 LANCASTER PA 17608 CONTRIBUTING EMPLOYER PA NO C CORP false ALLEN EDWARDS CONSTRUCTION PO BOX 9457 TULSA OK 74157 CONTRIBUTING EMPLOYER OK NO C CORP false CR MEYER & SONS PO BOX 2157 OSHKOSH WI 54903 CONTRIBUTING EMPLOYER WI NO C CORP false B&M MARINE CONSTR 6276 MADRAS CIRCLE BOYNTON BEACH FL 33437 CONTRIBUTING EMPLOYER FL NO C CORP false INDIANHEAD PIPELINE 3311 GOLF RD EAU CLAIRE WI 54701 CONTRIBUTING EMPLOYER WI NO C CORP false INTERSTATE IMPROVEMENT PO BOX 8 FARIBAULT MN 55021 CONTRIBUTING EMPLOYER MN NO C CORP false IOWA LABORERS 5000 J St SW Cedar Rapids IA 52404 CONTRIBUTING EMPLOYER IA NO C CORP false JK JOHNSON 3635 2nd Street Muscle Shoals AL 35663 CONTRIBUTING EMPLOYER AL NO C CORP false KIRK ERECTORS 221 CORPORATE CIRCLE N GOLDEN CO 00401 CONTRIBUTING EMPLOYER CO NO C CORP false MDS BORING & DRILLING PO BOX 11587 HOUSTON TX 77293 CONTRIBUTING EMPLOYER TX NO C CORP false OLDC-OCA INS FUND 800 HILLSDOWNE RD WESTERVILLE OH 43081 CONTRIBUTING EMPLOYER OH NO C CORP false PE BEN USA 13738 FM 529 RD HOUSTON TX 77041 CONTRIBUTING EMPLOYER TX NO C CORP false SAK CONSTRUCTION 864 HOFF ROAD OFALLON MO 63366 CONTRIBUTING EMPLOYER MO NO C CORP false SNELSON COMPANIES 601 WEST STATE STREET SEDRO WOOLEY WA 98284 CONTRIBUTING EMPLOYER WA NO C CORP false SPECIALTY SERV & EQUIPMENT 2205 HODGES STREET LAKE CHARLES LA 70601 CONTRIBUTING EMPLOYER LA NO C CORP false TG MERCER 2300 TINTOP ROAD WEATHERFORD TX 76087 CONTRIBUTING EMPLOYER TX NO C CORP false WELDED CONSTRUCTION PO BOX 470 PERRYSBURG OH 43551 CONTRIBUTING EMPLOYER OH NO C CORP false WILLIAMS PLANT SERVICES 2076 W PARK PLACE STONE MOUNTAIN GA 30087 CONTRIBUTING EMPLOYER GA NO C CORP false false false false false false false false false false false false true false false false false false false false LOUISIANA LABORERS H&W l 9203 COST MICHIGAN LABORERS l 53969 COST OAKDALE POLICE l 50176 COST SW LABORERS l 1179 COST SOUTHEASTERN LABORERS l 17856 COST SOUTHEAST LABORERS DISTRICT COUNCIL l 12976 COST SHEEHAN PIPELINE l 17317 COST ALADDIN CONSTRUCTION l 18440 COST ASSOCIATED PIPELINE CONTR l 2561 COST APCOM POWER l 12153 COST BESSETTE DEVELOPMENT l 9447 COST CONST INDUS LABS l 865 COST CM MICIOTTO l 10607 COST CONTINENTAL PIPELINE SERVICES l 1106 COST FOUNTAIN CONSTRUCTION l 6814 COST LE MEYERS INC l 90 COST LEWING CONSTRUCTION l 20615 COST MADISON INDUSTRIAL SERVICES l 9013 COST MEI ELECTRICAL INC l 132714 COST MICHELS PIPELINE l 9218 COST MILLER PIPELINE l 244047 COST NORTHERN CLEARING l 6693 COST PRICE GREGORY INTL l 1586 COST RAM CONSTRUCTION SERVICES l 6413 COST STEBBINGS ENG l 2393 COST STONE & WEBSTER l 62773 COST SULPHUR ELEC l 4810 COST TERRA RESTORATION SERVICES l 536 COST ATLANTIC PLANT MAINTENANCE l 36 COST INDUSTRIAL CONTRACTORS INC l 12219 COST MCABEE CONSTRUCTION INC l 163784 COST MCT SERVICES l 2898 COST SCHNABEL FOUNDATION l 6566 COST US PIPELINE INC l 9559 COST WALBRIDGE EQUIPMENT l 161057 COST ADVANCED INDUSTRIAL SERVICES l 2950 COST ALLEN EDWARDS CONSTRUCTION l 447 COST CR MEYER & SONS l 1042 COST B&M MARINE CONSTR l 4202 COST INDIANHEAD PIPELINE l 5206 COST INTERSTATE IMPROVEMENT l 851 COST IOWA LABORERS l 1543 COST JK JOHNSON l 1232 COST KIRK ERECTORS l 797 COST MDS BORING & DRILLING l 564 COST OLDC-OCA INS FUND l 2170 COST PE BEN USA l 1783 COST SAK CONSTRUCTION l 713 COST SNELSON COMPANIES l 1229 COST SPECIALTY SERV & EQUIPMENT l 96 COST TG MERCER l 3499 COST WELDED CONSTRUCTION l 18816 COST WILLIAMS PLANT SERVICES l 2255 COST