2024-07-15T16:43:25-05:00 2023-09-30 WITHUMSMITHBROWNPC 5000 EXECUTIVE PARKWAY SUITE 400 SAN RAMON CA 94583 990 2022-10-01 956049026 Operating Engineers Local 501 Security Fund % BARRY OSHAROW OPER 6266461079 PO BOX 990 WEST COVINA CA 91793 EDWARD CURLY CHAIRMAN 6266461079 2024-07-15 true EDWARD CURLY 999009999 RICHARD THIERMANN P00974294 9252779100 2 2022 2023-04-26 12:10:37Z EDWARD CURLY PO BOX 990 WEST COVINA CA 91793 64737547 false X www.OURBENEFITOFFICE.COM/OELOCAL501/BENEFITS X 1952 CA TO PROVIDE HEALTH AND WELFARE BENEFITS. 9 1 0 0 0 0 0 0 55100818 58160655 1649331 2254058 163788 33525 56913937 60448238 0 0 46165497 52509810 0 0 0 0 0 2580593 3046003 48746090 55555813 8167847 4892425 102185036 114241771 13827759 16998699 88357277 97243072 TO PROVIDE HEALTH AND WELFARE BENEFITS. false false PROVIDED HEALTH AND WELFARE BENEFITS FOR PARTICIPANTS AND THEIR DEPENDENTS. false false false false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 3 0 true 0 false false false false false false false false X 9 1 false true false false false false false true false false false true true false false true true false false false CA X BARRY OSHAROW 6266461079 PO BOX 990 WEST COVINA CA 91793 X EDWARD CURLY CHAIRMAN 1.0 0.0 X X 0 0 0 DENISE M VUKOJEVICH VICE CHAIRMAN 1.0 0.0 X X 0 0 0 THOMAS CROSSER SECRETARY 1.0 0.0 X X 0 0 0 BRIAN PAGAC TRUSTEE 1.0 0.0 X 0 0 0 REGINALD R DENSON TRUSTEE 1.0 0.0 X 0 0 0 CURTIS VAN BUSKIRK TRUSTEE 1.0 0.0 X 0 0 0 THOMAS F O'MAHAR TRUSTEE 1.0 0.0 X 0 0 0 MIKE NAREZ TRUSTEE 1.0 0.0 X 0 0 0 DIEGO BACK TRUSTEE 1.0 0.0 X 0 0 0 JOSE SOTO ALTERNATE TRUSTEE 1.0 0.0 X 0 0 0 WILL WEBSTER TRUSTEE - PAST 1.0 0.0 X 0 0 0 SEE SCHEDULE O FOR COMPENSATION PAID BY RELATED ORGANIZATION 0.0 0.0 X 0 0 0 0 0 0 0 false false false BENESYS INC 1050 LAKES DR WEST COVINA CA 91790 CONTRACT ADMIN 1223035 ANTHEM BLUE CROSS OF CALIFORNIA 21555 OXNARD ST WOODLAND HILLS CA 91367 NETWORK ACCESS 341563 WITHUMSMITHBROWN PC 5000 Executive Parkway Suite 400 SAN RAMON CA 94583 ACCOUNTING SVCS 315135 UBS 515 FLOWER STREET 5000 LOS ANGELES CA 90071 INVESTMENT MGMT. 205197 DELTA DENTAL 17871 PARK PLAZA DRIVE 200 CERRITOS CA 90703 CONTRACT ADMIN 146446 7 0 EMPLOYER CONTRIBUTIONS 900099 52955510 52955510 PARTICIPANT CONTRIBUTIONS 900099 2073054 2073054 STOP LOSS REIMBURSEMENT 900099 808362 808362 PRESCRIPTION REBATE 900099 2323729 2323729 58160655 2772803 2772803 0 0 0 0 0 3770564 4289309 -518745 -518745 -518745 0 0 0 0 0 0 0 0 0 SETTLEMENT 900099 33525 33525 33525 60448238 58194180 2254058 0 0 0 52509810 0 0 0 0 0 0 1307337 103801 389515 0 0 221860 762509 0 164753 0 0 0 0 0 12900 0 0 0 63805 MEMBERSHIP DUES 19523 55555813 19214997 17126851 0 0 0 0 5917491 5940126 0 0 0 0 0 0 0 0 19906 7091 0 0 77032642 91167703 0 0 0 0 0 0 0 0 102185036 114241771 119089 58281 0 0 1365568 2227887 0 0 0 0 0 0 0 0 0 0 12343102 14712531 13827759 16998699 X 0 0 0 0 88357277 97243072 88357277 97243072 102185036 114241771 4892425 3993370 X false true X true false 0 CLAIMS PAYABLE AND IBNR 2962600 ACCUMULATED ELIGIBILITY CREDIT 9035000 DUE TO RELATED PLANS 2714931 14712531 X 64219748 3993370 3993370 60226378 221860 221860 60448238 53104953 53104953 221860 2229000 2450860 55555813 SCHEDULE D, PART XII, LIN 4B - OTHER ADJUSTMENTS: CHANGE IN BENEFIT OBLIGATION - $2,229,000 SCHEDULE D, PART X, LINE 2 - FIN 48 STATEMENT ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE PLAN AND TO RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT, MORE LIKELY THAN NOT, WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART VI, SECTION A, LINE 3: THE PLAN HAS A CONTRACT WITH A THIRD-PARTY ADMINISTRATOR TO PROVIDE DAY TO DAY ADMINISTRATIVE SERVICES FOR THE ORGANIZATION. PART VI, SECTION A, LINE 8B: THERE ARE NO OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION B, LINE 11B: PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE FUND MANAGER AND THEN BY THE BOARD OF TRUSTEES. PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII, SECTION A, LINE 1A, ITEM B: TRUSTEES ARE NOT COMPENSATED BY THE TRUST. AVERAGE HOURS PER WEEK AND COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED ORGANIZATIONS IS REPORTED ON THE FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE BY THE RELATED TAX-EXEMPT ORGANIZATION. IF ADDITIONAL INFORMATION IS NEEDED, PLEASE CONTACT THE THIRD-PARTY ADMINISTRATOR, BENESYS ADMINISTRATORS. PART XII, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. 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