2024-11-01T11:59:57-07:00 2023-12-31 990 2023-01-01 136100908 HOSPITALIZATION TRUST FUND OF THE ELECTRICAL MANUFACTURING INDUSTRY HOSP 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Humberto J Restrepo Chairman, JIB 7185912000 2024-10-31 1 2023 2024-10-15 13:58:12Z HOSPITALIZATION TRUST FUND OF THE ELECTRICAL INDUSTRY HEALTH AND WELFARE 15811 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 32737388 0 X www.jibei.org X 1984 NY The collection and investment of funds received from electrical and independent employers for the purpose of providing medical and other benefits under the terms of a collective bargaining agreement between Local Union No. 3 of The International Brotherhood of Electrical Workers, AFL-CIO ("Local 3") and electrical and independent employers ("Employers"). 14 0 0 13 0 0 0 0 22607102 24672858 262795 278737 0 0 22869897 24951595 10000 10000 21917837 17166558 0 0 0 0 0 1893749 2006650 23821586 19183208 -951689 5768387 10600010 17969652 2938644 4163610 7661366 13806042 The Plan has as its principal activities the collection and investment of funds received from electrical and independent employers for the purpose of providing medical and other benefits under the terms of a collective bargaining agreement between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL- CIO ("Local 3") and electrical and independent employers ("Employers"). 0 0 To provide medical and other benefits to eligible participants. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 14 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 X Joint Industry Board of the Electrical Industry 7185912000 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 Christopher Erikson Trustee 1 1 X 0 0 0 Thomas Cleary Trustee 1 1 X 0 0 0 Christopher Erikson Jr Trustee 1 1 X 0 0 0 Mitchell Bloomberg Trustee 1 1 X 0 0 0 Annette Diaz Rivera Trustee 1 1 X 0 0 0 Jerry Schiff Trustee 1 1 X 0 0 0 Michael Bellovin Trustee 1 1 X 0 0 0 Robert Olenick Trustee 1 1 X 0 0 0 Lance Van Arsdale Trustee 1 1 X 0 0 0 Jonathan Lifton Trustee 1 1 X 0 0 0 Isaac Merlos Trustee 1 1 X 0 0 0 Barry Seitles Trustee 1 1 X 0 0 0 Dominick Cutrone 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 EMPLOYER'S CONTRIBUTIONS 230000 24599197 24599197 0 0 EMPLOYEES' CONTRIBUTIONS 230000 73661 73661 0 0 0 0 0 0 24672858 404886 404886 0 0 0 0 0 0 0 0 0 0 0 0 7659644 0 7785793 0 -126149 0 -126149 0 0 -126149 0 24951595 25077744 0 -126149 10000 17166558 5724 ADMINISTRATIVE EXPENSES 971620 CLAIM FEES 1029306 19183208 0 0 0 287101 875123 2020484 1370873 7210587 12861250 1081838 2862406 10600010 17969652 10843 11301 2927801 4152309 2938644 4163610 X 0 0 0 0 7661366 13806042 7661366 13806042 10600010 17969652 X 5768387 376289 0 0 0 0 X 0 1 X 1 0 COLLATERAL FOR SECURTIES LOANED 202389 PHARMACY REBATES AND MEDICARE PART D SUBSIDIES RECEIVABLE 1041131 DUE FROM BROKER FOR PENDING SECURITIES SOLD 1509630 ACCRUED INTEREST RECEIVABLE 63591 DUE FROM THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY 45665 2862406 0 DUE TO BROKER FOR PENDING SECURITIES PURCHASED 1517920 COLLATERAL PAYABLE 202389 MEDICAL, DENTAL AND OTHER CURRENT BENEFITS PAYABLE, INCLUDING AMOUNTS INCURRED BUT NOT REPORTED 2432000 4152309 X 25327884 376289 0 0 0 376289 24951595 0 0 0 24951595 19579208 0 0 0 0 0 19579208 0 -396000 -396000 19183208 Schedule D, Part X, Line 2 MANAGEMENT EVALUATED ALL OF THE PLAN'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THE PLAN HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. Schedule D, Part XII, Line 4b MEDICAL, DENTAL AND OTHER CURRENT BENEFITS PAYABLE, INCLUDING AMOUNTS INCURRED BUT NOT REPORTED. 1 SCHOLARSHIP 2 10000 Schedule I, Part I, Line 2 THE PLAN OFFERED SCHOLARSHIPS TO TWO ELIGIBLE INDIVIDUALS. A COMMITTEE REVIEWED THE APPLICANTS AND AWARDS SCHOLARSHIPS OF $5,000 EACH FOR THE YEAR. Form 990, Part I, Line 22 THE PLAN ALSO RECORDS BENEFIT OBLIGATIONS WHICH ARE PRESENTED IN THE FOOTNOTES WITHIN THE AUDITED FINANCIAL STATEMENTS. THE TOTAL BENEFIT OBLIGATIONS AS OF DECEMBER 31, 2023 WERE $44,357,010. THIS CONSISTS OF MEDICAL, DENTAL AND OTHER CURRENT BENEFIT AMOUNTS INCURRED BUT NOT REPORTED ($2,432,000) AND POST RETIREMENT OBLIGATIONS ($41,925,010). Form 990, Part VI, Section B, Line 11b ALL SIGNIFICANT TRANSACTIONS ARE APPROVED BY THE PLAN'S TRUSTEES. THE PLAN'S FINANCIAL STATEMENTS ARE ALSO APPROVED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Section C, Line 19 THE PLAN MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ALL ITS MEMBERS. THE PLAN'S FINANCIAL STATEMENTS ARE FILED WITH ITS FORM 5500. Form 990, Part XI, Line 6 THE PLAN'S UNREALIZED GAIN FOR THE 2023 YEAR. Joint Industry Board of the Electrical Industry 158-11 Harry Van Arsdale Jr Avenue Flushing NY 11365 130891035 Administration of related benefit plans and other activities NY 501(c)(5) N/A 0 PENSION HOSPITALIZATION AND BENEFITS PLAN OF THE ELECTRICAL INDUSTRY 158 11 HARRY VAN ARSDALE JR AVENUE FLUSHING NY 11365 130891045 Provide medical and other benefits to members of the electrical industry NY 501(c)(9) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 Joint Industry Board of the Electrical Industry m 0 Joint Industry Board of the Electrical Industry n 0 Joint Industry Board of the Electrical Industry p 585754 THIS AMOUNT WAS THE ALLOCATED EXPENSES CHARGED TO THE PLAN BY THE JOINT INDUSTRY BOARD OF THE ELECTRICAL INDUSTRY FOR THE 2023 YEAR. PENSION HOSPITALIZATION AND BENEFITS PLAN OF THE ELECTRICAL INDUSTRY o 0