2011-01-09T09:40:09-06:00 2010-06-30 SASLOW LUFKIN & BUGGY LLP TEN TOWER LANE AVON CT 06001 990 2009-07-01 042214296 MASSACHUSETTS LABORERS' HEALTH & WELFARE FUND MASS 7812721000 14 NEW ENGLAND EXECUTIVE PARK No 200 BURLINGTON MA 018030900 BARRY C MCANARNEY 7812721000 2010-12-19 1 8606789200 2009 2016-02-24 21:20:13Z BARRY c MCANARNEY 14 NEW ENGLAND EXECUTIVE PARK No 200 BURLINGTON MA 018030900 115512878 0 X N/A X 1952 MA TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF THE UNION, THEIR FAMILIES AND DEPENDENTS. 8 8 39 0 0 0 0 81584813 69289013 -2991651 9331377 0 78593162 78620390 0 73633249 63412186 1102123 1025865 0 0 5893432 5416753 80628804 69854804 -2035642 8765586 213206315 231051212 127035853 117303113 86170462 113748099 TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF THE UNION, THEIR FAMILIES AND DEPENDENTS. 0 0 TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF THE UNION, THEIR FAMILIES AND DEPENDENTS. 0 0 0 0 0 0 0 0 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 1 69 0 1 39 1 0 0 0 0 0 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARRY C MCANARNEY FUND ADMINISTRATOR 7812721000 14 NEW ENGLAND EXEC PARK BURLINGTON MA 018030900 LOUIS MANDARINI JR 1.00 X X 0 0 0 JOSEPH BONFIGLIO 1.00 X X 0 0 0 JOHN FARINA SR 1.00 X X 0 0 0 RICHARD MCCOURT 1.00 X X 0 0 0 THOMAS J GUNNING 1.00 X 0 0 0 THOMAS C TROY JR 1.00 X 0 0 0 WILLIAM SULLIVAN 1.00 X 0 0 0 DOUGLAS WATSON 1.00 X 0 0 0 BARRY MCANARNEY 18.00 X 79953 97721 35912 RONALD DOYLE 40.00 X 110390 0 35912 THOMAS PV MASIELLO 18.00 X 45798 55975 17018 236141 153696 88842 1 1 1 0 LOOMIS-SAYLES & CO ONE FINANCIAL CENTER 34TH FLOOR BOSTON MA 02111 INVESTMENT MGMT. 194529 SEGAL COMPANY 116 HUNTINGTON AVENUE 8TH FLOOR BOSTON MA 02116 CONSULTING 141000 STATE STREET CORPORATION 1200 CROWN COLONY DRIVE QUINCY MA 02169 INVESTMENT MGMT. 109199 NEOPOST PO BOX 45800 SAN FRANCISCO CA 94145 MAILING & SHIPPING 103391 MARQUE MILLENIUM CAP MGMT 850 THIRD AVENUE 18TH FLOOR NEW YORK NY 10022 INVESTMENT MGMT. 100496 5 EMPLOYER CONTRIBUTIONS 525100 69289013 69289013 69289013 5721943 5721943 40501922 36892488 3609434 3609434 3609434 78620390 69289013 0 9331377 63412186 184683 363307 395586 82289 191642 58433 404224 245833 200125 101708 181666 10335 24281 17769 39103 BCBS ACCESS AND ADMIN. 3888179 BANK FEES 27547 UTILITIES 10466 RENTAL EXPENSE 5928 DUES AND SUBSCRIPTIONS 4463 5051 69854804 4507831 3925566 10599087 8848279 51938 26298 727642 713217 32194 14425 198002518 218226848 12747 9796 213206315 231051212 1157582 1280290 125878271 116022823 127035853 117303113 X 0 0 0 0 86170462 113748099 86170462 113748099 213206315 231051212 X 0 1 1 X 0 99721 99721 0 627921 613496 14425 14425 SHORT TERM INVESTMENT FUNDS 1754478 F BONDS AND NOTES 3356 F COMMON AND PREFERRED STOCKS 13352809 F COMMON COLLECTIVE TRUSTS 161804518 F REGISTERED INVESTMENT COMPANY 34483886 F LIMITED PARTNERSHIP 6827801 F 218226848 CLAIMS PAYABLE 1296573 LIABILITY FOR FUTURE BENEFITS 60066000 LIABILITY FOR UNPROCESSED CLAIMS AND IBNR 5672000 POST-RETIREMENT BENEFITS OBLIGATION 48988250 116022823 78620390 69854804 8765586 18812051 18812051 27577637 97028217 18812051 18812051 78216166 404224 404224 78620390 78159277 0 78159277 404224 -8708697 -8304473 69854804 Part X: Description of Uncertain Tax Positions Under FIN 48: EFFECTIVE JULY 1, 2009, THE FUND ADOPTED CERTAIN PROVISIONS OF FASB ASC 740, "INCOME TAXES" WHICH PROVIDE A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. UNDER FASB ASC 740, THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FUND DID NOT RECORD ANY UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDING JUNE 30, 2010. THEREFORE, FASB ASC 740 HAD NO IMPACT ON THE 2010 FINANCIAL STATEMENTS. THE FUND ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNRECOGNIZED TAX BENEFITS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE FUND'S FINANCIAL STATEMENTS. THE FUND'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES RELATED TO INCOME TAXES AS A COMPONENT OF INTEREST AND PENALTY EXPENSE. AS OF AND FOR THE YEAR ENDING JUNE 30, 2010, THE FUND DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS. THE FUND'S PRIOR THREE TAX YEARS ARE OPEN AND ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. Part XIII, Line 4b - Other Adjustments: CHANGE IN BENEFITS OBLIGATION: -8708697. X 0 0 0 BARRY MCANARNEY 79953 97721 0 0 0 0 0 0 16160 19752 96113 117473 0 0 THOMAS PV MASIELLO 45798 55975 0 0 0 0 0 0 7658 9360 53456 65335 0 0 Form 990, Part VI, Section B, line 11 THE INITIAL REVIEW OF THE FORM 990 IS PERFORMED BY THE ACCOUNTING/AUDITING DIRECTOR AFTER THE INDEPENDENT AUDITORS HAVE PREPARED AND PROCESSED THE TAX RETURN. THE EXECUTIVE DIRECTOR PERFORMS A FINAL REVIEW BEFORE THE FORM 990 IS FILED. AT THE FIRST BOARD MEETING FOLLOWING THE FILING OF THE RETURN, FORM 990 IS PRESENTED BY THE EXECUTIVE DIRECTOR, AT WHICH TIME THE BOARD DISCUSSES AND APPROVES THE RETURN AS FILED. Form 990, Part VI, Section B, line 12c EACH TRUSTEE AND MEMBER OF THE BOARD MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT A COPY OF THE CONFLICT OF INTEREST POLICY WAS RECEIVED AND READ, AND ANY POTENTIAL CONFLICT OF INTEREST MUST BE DISCLOSED. EACH TRUSTEE AND MEMBER MUST ALSO AFFIRM THAT THEY UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH ITS PROVISIONS. POTENTIAL CONFLICTS BROUGHT BEFORE THE BOARD ARE REVIEWED AND APPROPRIATE RESOLUTION, CORRECTIVE ACTION OR DISCIPLIANRY ACTION IS TAKEN AS NECESSARY. Form 990, Part VI, Section B, line 15 A YEARLY MEETING IS HELD WITH THE ADMINISTRATIVE COMMITTEE AND THE BOARD OF TRUSTEES TO REVIEW PERFORMANCE AND TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS, AND FOR THE SELECTION OF AN INDEPENDENT AUDITING FIRM. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR AUDITOR SELECTION OR FINANCIAL STATEMENT AUDIT OVERSIGHT FROM THE PRIOR YEAR. MASSACHUSETTS LABORERS' ANNUITY FUND 14 NEW ENGLAND EXECUTIVE PARK SUITE BURLINGTON MA 018030900 046553616 ANNUITY FUND MA 401(A); 501(A) N/A N/A MASSACHUSETTS LABORERS' PENSION FUND 14 NEW ENGLAND EXECUTIVE PARK SUITE BURLINGTON MA 018030900 046128298 PENSION FUND MA 401(A); 501(A) N/A N/A MASSACHUSETTS LABORERS' LEGAL SERVICES FUND 14 NEW ENGLAND EXECUTIVE PARK SUITE BURLINGTON MA 018035201 046357603 WELFARE BENEFIT PLAN MA 501(C)(9) N/A N/A LABORERS' PENSION - BURLINGTON INVESTMENT CORP 14 NEW ENGLAND EXECUTIVE PARK SUITE BURLINGTON MA 018030900 043249480 REAL ESTATE TITLE HOLDING COMPANY MA 501(c)(25) N/A N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 LABORERS' PENSION - BURLINGTON INVESTMENT CORP J 181666 THE ORGANIZATION PARTICIPATES IN A JOINT OPERATING ACCOUNT FUND WITH THE P 419684 MASS LABORERS'S PENSION FUND AND THE MASS LABORERS' ANNUITY FUND O THIS JOINT OPERATING ACCOUNT IS UTILIZED AS A MECHANISM FOR THE RELATED FUNDS TO TRACK AND SETTLE VARIOUS SHARED COMMON COSTS