2012-04-12T06:43:58-07:00 2011-05-31 Kaplan & Company 60 Revere Dr Suite 410 Northbrook IL 600621576 990 2010-06-01 362141153 Plumbers Welfare Fund Local 130 UA PLUM 3122264200 1340 West Washington Boulevard Chicago IL 60607 James T Sullivan 2012-04-09 Frank C Tlusty 8472720001 2010 2016-02-24 21:20:13Z James T Sullivan 1340 West Washington Boulevard Chicago IL 606071936 141749707 false false X www.plumberslu130ua.org X 1950 IL To provide Health and Welfare Benefits for eligible participants and their eligible dependents. 10 9 11 0 0 30928882 34520058 3574046 3008891 0 34502928 37528949 0 39891581 37243428 981398 757335 0 0 2359846 2744852 43232825 40745615 -8729897 -3216666 91041416 99115000 4844171 5722201 86197245 93392799 To provide Health and Welfare Benefits for eligible participants and their eligible dependents. false false The organization achieved its objective by providing Health and Welfare Benefits for approximately 2,948 eligible participants and their eligible dependents. Approximately $33,439,202 was paid during this year for participant and dependent claims incurred. The organization also achieved its objective by providing Health and Welfare Benefits for approximately 258 eligible participants of a Self-Pay Health Plan and COBRA Continuation Coverage. Approximately $2,330,759 was paid during this year for Self-Pay Health Plan and COBRA Continuation Coverage claims incurred. false false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false false true 500 0 true 11 true false false false false false false false false false false false false false false false X 10 9 false false true false false true false true false true false false false false false false false true false false false false X Terry J Musto 3122264200 1340 West Washington Boulevard Chicago IL 606071936 X X William Johns 0.84 X 0 0 0 William H Bielanski 1.57 X 0 0 0 Thomas P Durkin 0.86 X 0 0 0 Thomas A Paus 0.75 X 0 0 0 Terry McCarthy 0.75 X 0 0 0 Terry J Musto 5.20 X 164041 0 60004 Steve Marquardt 0.81 X 0 0 0 Patrick J Shea 1.56 X 0 0 0 Kevin Sherlock 18.57 X 108137 0 54127 Kenneth A Turnquist 1.25 X 0 0 0 John F Flader 0.71 X 0 0 0 James T Sullivan 3.30 X 0 0 0 James F Coyne 1.09 X 0 0 0 Albert E Gehrke 2.95 X 0 0 0 272178 114131 2 false true false The Segal Company 101 North Wacker Drive 500 Chicago IL 606061724 Actuarial & Consultg 166019 Lewis Overbeck & Furman LLP 20 N Clark Street 3200 Chgo IL 606025093 Legal Counsel 825509 Kaplan & Company 60 Revere Drive 410 Northbrook IL 600621576 Audit and Accounting 201875 DM Siegel Ltd 2209A Lakeside Drive Bannockburn IL 600151265 PR Audit Prgrm Audtr 178686 Blue Cross Blue Shield of Illinois 300 E Randolph Chicago IL 606015655 Preferred Provdr Org 1205187 9 0 Net activity from merger 525100 56823 56823 Health Plan premiums 525100 1152321 1152321 Employers' payments 525100 33310914 33310914 34520058 2326076 2326076 0 0 0 104903573 104220758 682815 682815 682815 0 0 0 0 37528949 34520058 3008891 0 0 0 37243428 0 0 346272 232592 151791 26680 0 853359 548502 0 0 187203 633680 473 114235 2223 0 56025 4852 0 7269 0 0 23048 27982 Repairs and maintenance 4712 Parking and security 3438 Data processing expenses 108617 Data Center operating expenses 70437 Collection expenses 96600 2197 40745615 0 0 0 2703721 2500253 356831 709612 0 10228032 12147259 0 0 0 0 72095 53601 552849 350556 221097 202293 71646748 80054394 5334044 2781428 0 0 478848 666160 91041416 99115000 773168 563982 66803 64608 4004200 5093611 4844171 5722201 X 86197245 93392799 86197245 93392799 91041416 99115000 X -3216666 10412220 X false true true X false false 204257 76531 127726 48836 32152 16684 299756 241873 57883 202293 Northern Trust "TIPS" Index Fund 2322673 F Due Pipe Fitters Welfare Fd, LU 597 300418 Due broker for securities purchased 283339 Claims payable 1610358 Claims incurred but not reported 2899496 5093611 37528949 40745615 -3216666 5814630 246700 6061330 2844664 43343579 5814630 5814630 37528949 37528949 40498915 40498915 246700 246700 40745615 Part X Part X : FIN48 Footnote The Fund applies the provisions of Financial Accounting Standards Board ASC 740, Income Taxes, which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. This guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Fund's financial statements to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions with respect to tax not deemed to meet the "more-likely-than-not" threshold would be recorded as a tax benefit or expense in the year. Management has concluded that there is no tax benefit or expense to be recorded for uncertain tax positions by the Fund for the years ended May 31, 2011 and 2010 or any previous year.The tax returns of the Fund for the years ended May 31, 2008, 2009 and 2010 are subject to examination by the applicable tax authority, generally for three years after they were filed. Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Claims payable $278293 Claims incurred but not reported $-31593 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Claims incurred but not reported $0 Net assets from merger of LU No. 422 Health & Welfare Fund $4597590 Claims payable $ -0 Claims incurred but not reported $ -0 false false false Terry J Musto 148506 9520 6015 38802 21202 224045 Kevin Sherlock 98112 6289 3736 32925 21202 162264 Amalgamated Bk of Chicago See Schedule O 155549 See Schedule O false Schedule L, Part IV, Column (d) - Amalgamated Bank of Chicago receives fees from the organization for providing investment management services and banking services. Schedule L, Part IV, Column (b) - James T. Sullivan, a Union Trustee, is a Director of Amalgamated Bank of Chicago. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization's financial statements are available to the public as an attachment to Form 5500 on the United States Department of Labor website. The organization's governing documents are not available to the public. Form 990, Part VI, Line 9 Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address James T. SullivanChicago Journeymen Plumbers' Local Union 130, U.A.1340 West Washington BoulevardChicago, Illinois 60607-1936William H. BielanskiChicago Journeymen Plumbers' Local Union 130, U.A.1340 West Washington BoulevardChicago, Illinois 60607-1936James F. CoyneChicago Journeymen Plumbers' Local Union 130, U.A.1340 West Washington BoulevardChicago, Illinois 60607-1936Thomas P. Durkin10718 South Kedzie AvenueChicago, Illinois 60655Patrick J. SheaChicago Journeymen Plumbers' Local Union 130, U.A.1340 West Washington BoulevardChicago, Illinois 60607-1936Kenneth A. TurnquistChicago Journeymen Plumbers' Local Union 130, U.A.1340 West Washington BoulevardChicago, Illinois 60607-1936Albert E. Gehrke (Deceased February 20, 2012)Fettes,Love & Sieben, Inc.4235 North Lincoln AvenueChicago, Illinois 60618Thomas A. PausPark Plumbing, Inc.15556 South 70th CourtOrland Park, Illinois 60462Terry McCarthyTerry Plumbing, Inc.1942 South Halsted AvenueChicago, Illinois 60608John F. FladerFlader Plumbing & Heating, Inc.1924 West Windsor DriveRound Lake, Illinois 60073Steve MarquardtLeonard V. Stutz & Son, Inc.272 West Lake StreetElmhurst, Illinois 60126William JohnsJohns Plumbing & Heating3116 North Cicero AvenueChicago, Illinois 60641 Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process A copy of the organization's Form 990 (including required schedules) is provided to both Co-Chairman of the governing body for their review prior to its filing with the IRS. The Form 990 (including required schedules) is filed with the IRS only after any questions are resolved and both Co-Chairman approve the filing. Form 990, Part VI, Line 8 Form 990, Part VI, Line 8 : Explanation of No Contemporaneously Documentation of Meetings There were no meetings held by a committee with the authority to act on behalf of the organization's governing body during the year. Form 990, Part VI, Line 4 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents Effective June 1, 2010 an Amendment was made to the Trust Agreement that modifies the deadlock provisions to provide that if an impartial umpire is not appointed by the Trustees within the thirty day period following the deadlocked vote, upon a petition of any Trustee, an impartial umpire will be appointed by the Chief Judge of the United States District Court for the Northern District of Illinois, Eastern Division. This Amendment also clarifies that the compensation and all expenses of the umpire shall be paid from the Fund.Effective January 1, 2011 an Amendment was made to the Trust Agreement to incorporate certain changes to the Trust Agreement to reflect the provisions of the Asset Transfer and Merger Agreement between the Plumbers' Welfare Fund, Local 130, U.A. and the Plumbers and Pipefitters Local Union No. 422 Health and Welfare Fund.Effective April 1, 2011 an Amendment was made to the Trust Agreement to reflect changes in the eligibility provisions. This Amendment reduces the hours required to establish initial eligibility and to re-establish eligibility to one hundred fifty hours of employment in the craft as an employee of a contributing contractor in a period of three consecutive months or less. This Amendment extends the eligibility to participate for a three month period beginning on the participant's initial eligibility date or reinstatement date. This Amendment also provides for the continuation of eligibility, subject to the terms of the Trust Agreement, if the participant completes an additional one hundred fifty hours of employment in the craft as an employee of a contributing contractor during the three consecutive month period beginning on the participant's initial eligibility date or reinstatement date.