2012-11-12T10:52:16-06:00 2011-12-31 320043599 LEGACY PROFESSIONALS LLP 311 SOUTH WACKER DRIVE SUITE 4000 CHICAGO IL 60606 990 2011-01-01 362141703 PIPE FITTERS' WELFARE FUND LOCAL 597 PIPE 3126330597 45 NORTH OGDEN AVENUE CHICAGO IL 60607 KEVIN MORRISSEY 3126330597 2012-11-12 1 VICTOR ANCICH JR P00201493 3123680500 2011 2016-02-24 21:20:13Z KEVIN MORRISSEY 45 NORTH OGDEN AVENUE CHICAGO IL 60607 466201737 0 X WWW.PF597.ORG X 1949 IL TO PROVIDE HEALTH BENEFITS 8 7 162 0 0 0 0 0 92955611 109019554 6154109 4803151 99091 83892 99208811 113906597 0 0 89805675 97459509 1192480 1270346 0 0 0 1372990 1592034 92371145 100321889 6837666 13584708 201341585 226185346 1274779 5777125 200066806 220408221 TO PROVIDE HEALTH BENEFITS TO THE ELIGIBLE PARTICIPANTS AND DEPENDENTS OF PIPE FITTERS' WELFARE FUND, LOCAL 597. 0 0 TO PROVIDE HEALTH CARE, DEATH AND DISABILITY BENEFITS, DENTAL, VISION, PRESCRIPTION DRUG AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3216 0 1 162 1 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 X PETER DRISCOLL 3126330597 45 NORTH OGDEN AVENUE CHICAGO IL 60607 X GREGORY WATSON 10.00 X 318686 0 51402 JAMES BUCHANAN 1.00 X 0 0 0 THOMAS KOTEL 1.00 X 0 0 0 JOHN CURRAN 1.00 X 0 0 0 MARC PITTAS 1.00 X 0 0 0 STEPHEN LAMB 1.00 X 0 0 0 FREDERICK OYER 1.00 X 0 0 0 KEVIN MORRISSEY 1.00 X 0 0 0 JOHN KUSZYNSKI 1.00 X 0 0 0 PETER DRISCOLL 20.00 X 245195 0 35203 JOSEPH BARRETT 6.00 X 145702 0 35203 709583 0 121808 3 0 1 0 BLUE CROSS BLUE SHIELD OF ILLINOIS 300 EAST RANDOLPH ST CHICAGO IL 60601 PPO ACCESS PROVIDER 2741050 EXPRESS SCRIPTS ONE EXPRESS WAY ST LOUIS MO 63121 DRUG CLAIM PROCESSING 870321 JOHNSON & KROL LLC 300 S WACKER DRIVE STE 1313 CHICAGO IL 60606 LEGAL 303293 NATIONAL INVESTMENT SERVICES 777 EAST WISCONSIN AVE STE 2350 MILWAUKEE WI 53202 INVESTMENT MANAGEMENT 230730 HINES & ASSOCIATES 115 EAST HIGHLAND AVENUE ELGIN IL 60120 CASE MANAGEMENT 151257 7 EMPLOYER CONTRIBUTIONS 900099 98832733 98832733 SELF PAYMENTS 900099 7922239 7922239 MEDICARE PART D SUBSID 900099 2135357 2135357 LIQUIDATED DAMAGES 900099 129225 129225 109019554 4775795 4775795 352322496 352295140 27356 27356 27356 MISCELLANEOUS 900099 80294 80294 SECURITIES LITIGATION 900099 3598 3598 83892 113906597 109019554 0 4887043 97459509 176430 710002 137960 140693 105261 33912 315513 139432 275483 138287 250555 154549 71536 4246 4287 28015 49754 EARLY RETIREE REINSURAN 78243 SUPPLIES & MAINTENANCE 33533 EQUIPMENT RENTALS 7950 DUES & SUBSCRIPTIONS 6739 100321889 -169386 -149770 13310687 16961810 8609508 10736848 59264 52424 1057706 928499 166558 129207 109340804 120923996 67542786 74639388 2481364 2891443 201341585 226185346 372008 2632405 902771 3144720 1274779 5777125 X 0 0 0 0 200066806 220408221 200066806 220408221 201341585 226185346 X 13584708 6756707 X 0 1 1 X 0 226357 208184 18173 783126 703496 79630 48223 16819 31404 129207 COMMON COLLECTIVE TRUST 74639388 F 74639388 DUE TO BROKER 3130000 DUE TO OTHER FUNDS 14720 3144720 113906597 100321889 13584708 -598232 7354939 6756707 20341415 112954639 -598232 -78243 -676475 113631114 275483 275483 113906597 99968163 0 99968163 275483 78243 353726 100321889 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PLAN FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND FORM 5500, ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN. THE PLAN'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UNTIL THE APPLICABLE STATUTE OF LIMITATION EXPIRES. PART XI, LINE 8 - OTHER ADJUSTMENTS: ASSETS TRANSFERRED INTO PLAN DUE TO MERGER 7,354,939. PART XII, LINE 2D - OTHER ADJUSTMENTS: EARLY RETIREE REINSURANCE PROGRAM REFUND PART XIII, LINE 4B - OTHER ADJUSTMENTS: EARLY RETIREE REINSURANCE PROGRAM REFUND 0 1 0 GREGORY WATSON 185151 0 0 0 133535 0 31910 0 19492 0 370088 0 0 0 PETER DRISCOLL 237000 0 0 0 8195 0 20685 0 14518 0 280398 0 0 0 JOSEPH BARRETT 145702 0 0 0 0 0 20685 0 14518 0 180905 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES TO WHICH IT HAS DELEGATED THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND PROVIDED TO THE ADMINISTRATOR OF THE PLAN. THE ADMINISTRATOR HAS BEEN GIVEN THE AUTHORITY BY THE BOARD OF TRUSTEES TO REVIEW THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. SUBSEQUENTLY A COPY OF THE FORM IS PROVIDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15B SALARIES ARE REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICE OF THE FUND. FORM 990, PART VII, SECTION A, LINE 1A: THE ADMINISTRATOR, I.T. MANAGER AND ONE TRUSTEE ALSO PROVIDE SERVICES TO OTHER FUNDS AFFILIATED WITH THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION IS REIMBURSED BY THE AFFILIATED FUNDS FOR THEIR SHARE OF THESE SALARIES AND RELATED EXPENSES. THE AVERAGE HOURS REPORTED ON LINE 1A IS THE WEEKLY HOURS DEDICATED TO THE REPORTING ORGANIZATION. THE TOTAL COMPENSATION REPORTED ON LINE 1A IS THE TOTAL COMPENSATION PAID TO THESE INDIVIDUALS BY THE REPORTING ORGANIZATION AND REPORTED ON FORM W-2 PREPARED BY THE REPORTING ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -598,232. ASSETS TRANSFERRED INTO PLAN DUE TO MERGER 7,354,939. TOTAL TO FORM 990, PART XI, LINE 5: 6,756,707. EFFECTIVE JANUARY 1, 2011, THE BOARD OF TRUSTEES OF THE PIPE FITTERS' WELFARE FUND, LOCAL 597 AND THE BOARD OF TRUSTEES OF THE PLUMBERS AND STEAMFITTERS LOCAL 422 HEALTH AND WELFARE PLAN EIN 36-2307077 AGREED TO MERGE INTO PIPE FITTERS' WELFARE FUND, LOCAL 597 THAT PORTION OF THE LOCAL 422 HEALTH AND WELFARE PLAN ATTRIBUTABLE TO FORMER ELIGIBLE MEMBERS WHO HAD BEEN TRANSFERRED INTO THE PIPE FITTERS' ASSOCIATION, LOCAL UNION 597, U.A. ON OCTOBER 1, 2009. DURING 2011 PIPE FITTERS' WELFARE FUND, LOCAL 597 RECEIVED $7,354,939 AS A RESULT OF THE MERGER. SCHEDULES R AND J AND PART VII: THE INFORMATION NECESSARY TO DETERMINE AND PROPERLY REPORT RELATED ORGANIZATIONS POTENTIALLY REPORTABLE ON SCHEDULES R AND J AND PART VII OF THIS FORM IS NOT DETERMINABLE USING CURRENT FUND RECORDS. THE INFORMATION IS BEING OBTAINED. ONCE THE APPROPRIATE RECORDS ARE AVAILABLE AND REVIEWED, AN AMENDED RETURN MAY BE SUBMITTED TO COMPLY WITH ANY REQUIRED REPORTING. PIPE FITTERS' RETIREMENT FUND LOCAL 597 45 NORTH OGDEN AVE CHICAGO IL 60607 626105084 PROVIDES RETIREMENT BENEFITS IL 401(A) NOT APPLICABLE 0 PIPE FITTERS' ASSOCIATION LOCAL 597 401(K) PLAN 45 NORTH OGDEN AVE CHICAGO IL 60607 361820310 PROVIDES RETIREMENT BENEFITS IL 401(A) NOT APPLICABLE 0 PIPE FITTERS' TRAINING FUND LOCAL 597 10850 W 187TH STREET MOKENA IL 60448 362536349 PROVIDES TRAINING TO PARTICIPANTS IL 501(C)5 NOT APPLICABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 THE INFORMATION NECESSARY TO DETERMINE AND PROPERLY REPORT RELATED ORGANIZATIONS POTENTIALLY REPORTABLE ON SCHEDULES R AND J AND PART VII OF THIS FORM IS NOT DETERMINABLE USING CURRENT FUND RECORDS. THE INFORMATION IS BEING OBTAINED. ONCE THE APPROPRIATE RECORDS ARE AVAILABLE AND REVIEWED, AN AMENDED RETURN MAY BE SUBMITTED TO COMPLY WITH ANY REQUIRED REPORTING.