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This is a summary of
the annual report of the Operating Engineers Union Local 30,
30A, 30B, 30C MUNICIPAL EMPLOYEES WELFARE TRUST FUND,
EIN #13-6174675, Plan # 501, for the year ended December 31,
2001. The annual report has been filed with the
Internal Revenue Service, as required under the Employee
Retirement Income Security Act of 1974 (ERISA).
The Board of Trustees Local
30 Municipal Employees Welfare Trust Fund has committed
itself to pay certain claims incurred under the terms of the
Plan.
Basic
Financial Statement
The value of
plan assets, after subtracting liabilities of the plan, was $817,847
as of December 31, 2001, compared to $748,759 as
of December 31, 2000. During the plan year the plan
experienced an increase in its net assets of $69,088.
During the plan year, the plan had total income of $1,375,857
including employer contributions of $1,354,615,
employee contributions of $4,568, and earnings from
investments of $16,674.
Plan expenses
were $1,306,769. These expenses included $86,093
in administrative expenses and $1,220,676 in benefits
paid to participants and beneficiaries.
Your
Rights To Additional Information
You have the
right to receive a copy of the full annual report, or any
part thereof, on request. The items listed below are
included in that report:
| 1. an
accountant's report; |
| 2.
assets held for investment; and |
| 3.
insurance information, including sales commissions
paid by insurance carriers. |
To obtain a copy of the
full annual report, or any part thereof, write the office of
BOARD OF TRUSTEES LOCAL 30 MUNICIPAL EMPLOYEES WELFARE
TRUST FUND, 115-06 MYRTLE AVENUE, RICHMOND HILL, NEW YORK,
11418, (718) 847-8484.
You also have the right to
receive from the plan administrator, on request and at no
charge, a statement of the assets and liabilities of the
plan and accompanying notes, or a statement of income and
expenses of the plan and accompanying notes, or both.
If you request a copy of the full annual report from the
plan administrator, these two statements and accompanying
notes will be included as part of that report.
You also have the legally
protected right to examine the annual report at the main
office of the plan (115-06 Myrtle Avenue, Richmond hill, New
York 11418) and at the U.S. Department of Labor in
Washington, D.C., or to obtain a copy from the U.S.
Department of Labor upon payment of copying costs.
Requests to the Department should be addressed to:
Public Disclosure Room, N-5638, Pension and Welfare Benefits
Administration, U.S. Department of Labor, 200 Constitution
Avenue, N.W. Washington, D.C. 20210.
EXHIBIT IV
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