2011-11-11T17:13:25-06:00 2010-12-31 LEGACY PROFESSIONALS LLP 311 SOUTH WACKER DRIVE SUITE 4000 CHICAGO IL 60606 990 2010-01-01 362141703 PIPE FITTERS' WELFARE FUND LOCAL 597 PIPE 3126330597 45 NORTH OGDEN AVENUE CHICAGO IL 60607 JAMES BUCHANAN 3126330597 2011-11-11 1 LEGACY PROFESSIONALS LLP 3123680500 2010 2016-02-24 21:20:13Z JAMES BUCHANAN 45 NORTH OGDEN AVENUE CHICAGO IL 60607 376569737 0 X WWW.PF597.ORG X 1949 IL TO PROVIDE HEALTH BENEFITS 8 7 155 0 0 0 0 0 85725183 92955611 8292337 6154109 53295 99091 94070815 99208811 0 0 85643961 89805675 1132643 1192480 0 0 0 1291973 1372990 88068577 92371145 6002238 6837666 184970165 201341585 750150 1274779 184220015 200066806 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 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 3256 0 1 155 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 GREGORY WATSON 10.00 X 180203 0 47831 JAMES BUCHANAN 1.00 X 0 0 0 THOMAS KOTEL 1.00 X 0 0 0 JOHN KUSZYNSKI 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 PETER DRISCOLL 20.00 X 235264 0 33309 JOSEPH BARRETT 6.00 X 145432 0 33309 560899 0 114449 3 0 1 0 BLUE CROSS BLUE SHIELD OF ILLINOIS 300 EAST RANDOLPH ST CHICAGO IL 60601 PPO ACCESS PROVIDER 2633793 EXPRESS SCRIPTS ONE EXPRESS WAY ST LOUIS MO 63121 DRUG CLAIM PROCESSING 811836 JOHNSON & KROL LLC 300 S WACKER DRIVE STE 1313 CHICAGO IL 60606 LEGAL 435262 NATIONAL INVESTMENT SERVICES 777 EAST WISCONSIN AVE STE 2350 MILWAUKEE WI 53202 INVESTMENT MANAGEMENT 209004 COSTIN HAMMEL AND LEAKE LLC 11312 DISTINCTIVE DRIVE ORLAND PARK IL 60467 COMPLIANCE AUDITS 145700 8 EMPLOYER CONTRIBUTIONS 900099 83362699 83362699 SELF PAYMENTS 900099 6528016 6528016 MEDICARE PART D SUBSID 900099 1803503 1803503 EARLY RETIREE REINSURA 900099 1096827 1096827 LIQUIDATED DAMAGES 900099 164566 164566 92955611 4835829 4835829 278679206 277360926 1318280 1318280 1318280 SECURITIES LITIGATION 900099 96498 96498 MISCELLANEOUS 900099 2593 2593 99091 99208811 92955611 0 6253200 89805675 160788 662661 142946 125299 100786 290245 114353 252184 139726 244289 122381 67462 4405 10862 31866 48637 SUPPLIES & MAINTENANCE 30181 EQUIPMENT RENTALS 9889 DUES & SUBSCRIPTIONS 6510 92371145 5021 -169386 6919177 13310687 7899640 8609508 51305 59264 1057754 891196 230289 166558 108933150 109340804 58663882 67542786 2267701 2481364 184970165 201341585 441912 372008 308238 902771 750150 1274779 X 0 0 0 0 184220015 200066806 184220015 200066806 184970165 201341585 X 6837666 9009125 X 0 1 1 X 0 226357 201240 25117 783126 665820 117306 48271 24136 24135 166558 COMMON COLLECTIVE TRUST 67542786 F 67542786 DUE TO BROKER 883177 DUE TO PIPE FITTERS' RETIREMENT FUND, LOCAL 597 9190 DUE TO OTHER FUNDS 10404 902771 99208811 92371145 6837666 9009125 9009125 15846791 107965752 9009125 9009125 98956627 252184 252184 99208811 92118961 0 92118961 252184 252184 92371145 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. 0 0 0 GREGORY WATSON 172462 0 0 0 7741 0 29261 0 18570 0 228034 0 0 0 PETER DRISCOLL 227000 0 0 0 8264 0 20422 0 12887 0 268573 0 0 0 JOSEPH BARRETT 145432 0 0 0 0 0 20422 0 12887 0 178741 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 9,009,125. SUBSEQUENT EVENT: 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 HAVE 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 HAVE BEEN TRANSFERRED INTO THE PIPE FITTERS' ASSOCIATION, LOCAL UNION 597, U.A. ON OCTOBER 1, 2009. SUBSEQUENT TO YEAR END PIPE FITTERS' WELFARE FUND, LOCAL 597 RECEIVED APPROXIMATELY $6.09 MILLION WITH AN ADDITIONAL AMOUNT DUE FOLLOWING THE CLAIMS RUN OUT FOR CLAIMS INCURRED PRIOR TO THE MERGER. 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 PIPE FITTERS' RETIREMENT FUND LOCAL 597 N 661039 ACTUAL PIPE FITTERS' RETIREMENT FUND LOCAL 597 P 247652 ACTUAL PIPE FITTERS' ASSOCATION LOCAL 597 401(K) PLAN N 121109 ACTUAL