2011-07-14T09:40:38-05:00 2010-08-31 BST ADVISORS LLC 28 WEST 44TH STREET NEW YORK NY 10036 990 2009-09-01 112159859 ROAD CARRIERS LOCAL 707 WELFARE FUND ROAD 5165608516 14 FRONT ST HEMPSTEAD NY 11550 KEVIN MCCAFFREY 5165608516 2011-07-14 1 DAVID C LEE 2126618640 2009 2016-02-24 21:20:13Z KEVIN MCCAFFREY 14 FRONT ST HEMPSTEAD NY 11550 20205514 0 X N/A X 1950 NY TO PROVIDE HOSPITAL, MEDICAL, DENTAL, DRUG, OPTICAL, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ELIGIBLE MEMBERS. 4 4 12 0 0 0 0 17899945 16902244 -2232795 226768 507967 22945 16175117 17151957 0 20873099 16824927 577432 525603 0 0 787718 665468 22238249 18015998 -6063132 -864041 7238122 6221350 263665 129576 6974457 6091774 TO PROVIDE HOSPITAL, MEDICAL, DENTAL, DRUG, OPTICAL, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ELIGIBLE MEMBERS. 0 0 TO PROVIDE HOSPITAL, MEDICAL, DENTAL, DRUG, OPTICAL, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 20 0 12 1 0 0 0 0 0 0 0 4 4 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 X The Organization 5165608516 14 FRONT ST HEMPSTEAD NY 11550 X KEVIN MCCAFFERY 1.00 X 0 0 0 VINCENT CANGELOSI 1.00 X 0 0 0 PETER HASSLER 1.00 X 0 0 0 THOMAS VENTURA 1.00 X 0 0 0 0 0 0 0 0 0 0 ANTHEM BLUE CROSS BLUE SHIELD ONE LIBERTY PLAZA NEW YORK NY 10006 MEDICAL ADMINISTRATION 481089 1 EMPLOYER CONTRIBUTIONS 900099 14852822 14852822 RETIREE CONTRIBUTIONS 900099 1772504 1772504 COBRA CONTRIBUTIONS 900099 276918 276918 16902244 126582 126582 3153743 3053557 100186 100186 100186 OTHER INCOME 900099 15773 15773 class action SETTLEMEN 900099 7172 7172 22945 17151957 16925189 0 226768 16824927 323421 95209 77744 29229 132874 110008 36446 49177 83185 18032 31990 27541 DATA PROCESSING 56226 ADMINISTRATOR REIMBURSE 50606 BENEFIT CONSULTING 40095 POSTAGE 15297 BANK CHARGES 13991 18015998 381478 181324 1870727 2146451 1310776 1348805 43771 40264 458429 409529 76305 48900 3427756 2386298 127309 69308 7238122 6221350 263665 129576 263665 129576 X 0 0 0 0 6974457 6091774 6974457 6091774 7238122 6221350 X 0 1 1 X 0 458429 409529 48900 48900 17151957 18015998 -864041 -18642 -18642 -882683 17096869 -18642 -18642 17115511 36446 36446 17151957 17979552 0 17979552 36446 36446 18015998 Part X: Description of Uncertain Tax Positions Under FIN 48: On September 1, 2009, the Plan adopted ASC 740-10-25, Accounting for Uncertainty in Income Taxes. This standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of an income tax position taken or expected to be taken on an income tax return. The benefit of an uncertain tax position may be recognized in the financial statements only if it is more likely than not that the tax position will be sustained, based on its technical merits, upon examination, including the resolution of appeals or litigation processes, if any. The Plan's tax years subject to review were 2006 and prior, as of August 31, 2010. The adoption of this standard resulted in no material uncertain tax benefits or provisions identified and recorded as a liability or asset. Form 990, Part VI, Section A, line 8b THE ORGANIZATION HAS NO SUBCOMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11 THE ORGANIZATION'S BOARD OF TRUSTEES REVIEWS THE 990 PRIOR TO ITS FILING. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND MAY BE EXAMINED AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES ASSUMES RESPONSBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART IX, LINE 24B ADMINISTRATOR REIMBURSEMENT REPRESENTS AMOUNT REIMBURSED TO THE ROAD CARRIERS LOCAL 707 UNION FOR THE FUND'S ALLOCABLE SHARE OF TRUSTEE, KEVIN MCCAFFERY'S TIME SPENT AS FUND MANAGER. FORM 990, PART X, LINE 33 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ALLOW FOR PRESENTATION OF ESTIMATED CURRENT CLAIMS OBLIGATIONS ON A SEPARATE STATEMENT IN THE FUND'S AUDITED FINANCIAL STATEMENTS. FOR CONSISTENCY, THE BALANCE SHEET FOR FORM 990 WILL ALSO NOT INCLUDE LIABILITIES FOR ESTIMATED CURRENT CLAIMS OBLIGATIONS. THE FOLLOWING TABLE DETAILS PRIOR YEAR AMOUNTS WHICH HAVE BEEN RESTATED TO BE IN CONFORMITY WITH CURRENT YEAR'S PRESENTATION: PART X, LINE 25, COLUMN B - OTHER LIABILITIES (PER 2008 FILING) $ 3,438,920 ADJUSTMENT FOR CLAIMS OBLIGATIONS (3,438,920) PART X, LINE 25, COLUMN A - OTHER LIABILITIES, AS RESTATED(PER 2009 FILING) 0 PART X, LINE 26, COLUMN B - TOTAL LIABILITIES (PER 2008 FILING) $ 3,702,585 ADJUSTMENT FOR CLAIMS OBLIGATIONS (3,438,920) PART X, LINE 25, COLUMN A - TOTAL LIABILITIES, AS RESTATED (PER 2009 FILING) 263,665 PART X, LINE 32 & 33, COLUMN B - RETAINED EARNINGS, ENDOWMENT, ACCUMULATED INCOME, OR OTHER FUNDS (PER 2008 FILING) $ 3,535,537 ADJUSTMENT FOR CLAIMS OBLIGATIONS 3,438,920 PART X, LINE 25 COLUMN A - RETAINED EARNINGS, ENDOWMENT, ACCUMULATED INCOME OR OTHER FUNDS, AS RESTATED (PER 2009 FILING) 6,974,457 NET ASSETS PER THE AUDITED FINANCIAL STATEMENTS DO NOT INCLUDE ESTIMATED CURRENT CLAIMS OBLIGATIONS OF $7,328,713 AND ESTIMATED POST RETIREMENT OBLIGATIONS OF $21,391,678. ROAD CARRIERS 707 PENSION FUND 14 FRONT STREET HEMPSTEAD NY 11550 516106510 TO PROVIDE PENSION BENEFITS TO ELIGIBLE MEMBERS AND THEIR BENEFICIARIES NY 401(a) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 ROAD CARRIERS 707 PENSION FUND N 188118 ROAD CARRIERS 707 PENSION FUND P 180709