2024-08-02T09:25:11-07:00 2023-09-30 990 2022-10-01 130891045 PENSION COMM JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY PENS 7185912000 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 113653067 Humberto Restrepo Chairman 7185912000 2024-08-02 1 2022 2024-08-08 14:25:15Z Humberto J Restrepo 158 11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 875562054 0 X WWW.JIBEI.ORG X 1946 NY TO PROVIDE MEDICAL AND OTHER BENEFITS TO ELIGIBLE MEMBERS OF THE ELECTRICAL INDUSTRY 19 0 0 19 0 0 0 0 460535027 453839351 5071082 12490668 0 0 465606109 466330019 0 0 530841052 532840809 0 0 0 0 0 43512116 51350564 574353168 584191373 -108747059 -117861354 368981107 252335115 87820603 93175897 281160504 159159218 The Plan has as its principal activities the collection and investment of funds received from electrical contractors for the purpose of providing medical and other benefits under the terms of a three-year collective bargaining agreement between participating employers and Local Union No 3 of the International Brotherhood of Electrical Contractors, AFL-CIO. 0 0 To provide medical and other benefits to eligible members of the electrical industry. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 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 15 0 1 0 0 0 0 0 0 0 0 0 X 19 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 X JOINT INDUSTRY BOARD OF ELECTRICAL INDUSTRY 7185912000 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 113653067 SANDRA MILAD GIBSON TRUSTEE 0 0 X 0 0 0 THOMAS CAPURSO TRUSTEE 0 0 X 0 0 0 LANCE VAN ARSDALE TRUSTEE 0 0 X 0 0 0 CHRISTOPHER ERIKSON TRUSTEE 0 0 X 0 0 0 CRAIG GILSTON TRUSTEE 0 0 X 0 0 0 THOMAS CLEARY TRUSTEE 0 0 X 0 0 0 CHRISTOPHER ERIKSON JR TRUSTEE 0 0 X 0 0 0 STEPHEN GIANOTTI TRUSTEE 0 0 X 0 0 0 ANDREW DRAZIC TRUSTEE 0 0 X 0 0 0 JOSEPH SANTIGATE TRUSTEE 0 0 X 0 0 0 WILLIAM HOFVING TRUSTEE 0 0 X 0 0 0 JOSEPH PROSCIA TRUSTEE 0 0 X 0 0 0 STEVEN LAZZARO Trustee 0 0 X 0 0 0 ROBERT AMABILE Trustee 0 0 X 0 0 0 KORY KLEINBERG Trustee 0 0 X 0 0 0 JERRY SCHAUDER Trustee 0 0 X 0 0 0 WALTER GREENWOOD TRUSTEE 1 1 X 0 0 0 RON SCIMONE TRUSTEE 1 1 X 0 0 0 RICHARD DUVA JR TRUSTEE 1 1 X 0 0 0 0 0 0 0 0 0 0 0 0 EMPLOYERS CONTRIBUTIIONS 230000 434326459 434326459 0 0 OTHER CONTRIBUTIONS 230000 16970343 16970343 0 0 AMOUNTS RECEIVED UNDER RECIPROCAL 230000 2542549 2542549 0 0 0 0 0 0 453839351 6090247 0 0 6090247 0 0 0 0 0 0 0 0 0 0 415632456 0 409232035 0 6400421 0 6400421 0 0 6400421 0 466330019 453839351 0 12490668 532840809 480481 295533 CLAIM FEES 28164486 JIB MEDICAL AND JIB SERVICES 15099627 ADMINISTRATIVE & RECORD KEEPING EXPENSES 7310437 584191373 0 0 0 4288872 7798079 36394189 40221602 1889513 986350 817737 903163 241537760 108128078 51475655 53572153 34466894 41712040 368981107 252335115 643453 253151 87177150 92922746 87820603 93175897 X 0 0 0 0 281160504 159159218 281160504 159159218 368981107 252335115 -117861354 -4139932 0 0 0 0 X X 0 1 X 1 0 0 0 0 0 0 0 0 695176 0 362583 332593 452598 0 186735 265863 741739 0 437032 304707 903163 BGO DIVERSIFIED US PROPERTY FUND 20953924 F ASB ALLEGIANCE REAL ESTATE FUND 20905354 F ELLINGTON STRUCTURED CREDIT ERISA FUND 11712875 F 53572153 ACCRUED INTEREST RECEIVABLE 517657 PHARMACY REBATES AND MEDICARE PART D SUBSIDIES RECEIVABLE 36934265 OTHER ASSETS 4536 DUE FROM AFFILIATES 253640 DUE FROM BROKER FOR PENDING SECURITIES SOLD 3475597 COLLATERAL FOR SECURITIES LOANED 245380 RIGHT-OF-USE LEASE ASSET 280965 41712040 COLLETERAL PAYABLE 245380 DUE TO BROKER FOR PENDING SECURITIES PURCHASED 264401 HEALTH BENEFIT PAYABLE, INCLUDING AMOUNTS INCURRED BUT NOT REPORTED 92132000 LEASE LIABILITY 280965 92922746 X 462190087 -4139932 0 0 0 -4139932 466330019 0 0 0 466330019 567896373 0 0 0 0 0 567896373 0 16295000 16295000 584191373 Schedule D, Part X, Line 2 MANAGEMENT EVAULUATED ALL OF THE PLAN'S TAX POSITIONS FOR ALL OPEN YEARS AND HAS CONCLUDED THAT THE PLAN HAS NOT TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. Schedule D, Part XII, Line 4b HEALTH BENEFITS PAYABLE, INCLUDING AMOUNTS INCURRED BUT NOT REPORTED Form 990, Part I, Line 22 THE PLAN ALSO RECORDS BENEFIT OBLIGATIONS WHICH ARE PRESENTED IN SEPERATE STATEMENTS WITHIN THE AUDITED FINANCIAL STATEMENTS. THE TOTAL BENEFIT OBLIGATIONS AS OF SEPTEMBER 30, 2023 WERE $3,679,319,663. THIS CONSISTS OF ACCUMULATED ELIGIBILITY CREDITS ($19,300,000) AND POST RETIREMENT OBLIGATIONS ($3,660,019,663). Form 990, Part VI, Section B, Line 11b THE PLAN'S BOARD OF TRUSTEES APPROVES ALL FINANCIAL STATEMENTS INFORMATION INCLUDED IN THE FORM 990. THE PLAN'S AUDITED SEPTEMBER 30, 2023 FINANCIAL STATEMENTS WERE APPROVED BY THE BOARD OF TRUSTEES. IN ADDITION, THE PLAN'S TRUSTEES APPROVE ALL SIGNIFICANT TRANSACTIONS THAT IMPACT THE PLAN. Form 990, Part VI, Section C, Line 19 THE PLAN MAKES IT GOVERNING DOCUMENTS AVAILABLE TO ALL ITS MEMBERS. THIS IS COMMUNICATED IN VARIOUS MANNERS (SUMMERY ANNUAL REPORTS, INTERNAL AND EXTERNAL WEBSITES, ETC.) THE PLAN'S FINANCIAL STATEMENTS ARE ALSO FILED WITH ITS FORM 5500. Form 990, Part XII, Line 2c THE FINANCE COMMITTEE EVALUATED AND RECOMMENDED THE INDEPENDENT ACCOUNTANT TO THE PLAN'S TRUSTEES. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRTY 158-11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 130891035 ADMINISTRATION OF VARIOUS UNION FUNDS NY 501(c)(5) N/A 0 Educational and Cultural Trust Fund 158-11 HVA Jr Avenue Flushing NY 11365 116035960 To provide educational and cultural benefits to its eligible participants NY 501(c)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRTY m 0 THIS TRANSACTION IS PART OF THE TOTAL ALLOCATED EXPENSES CHARGED TO THE PLAN BY THE JOINT BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2022 FISCAL YEAR. SEE PART V LETTER P FOR DETAILS. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRTY p 7314510 THIS AMOUNT WAS THE ALLOCATED EXPENSES CHARGED TO THE PLAN BY THE JOINT BOARD OF THE ELECTRICAL INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2022 FISCAL YEAR. JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRTY n 0 SEE LETTERS K AND M FOR DETAILS. Educational and Cultural Trust Fund k 697291