2024-10-31T13:26:27-04:00 2023-12-31 990 2023-01-01 920162126 ALASKA ELECTRICAL PENSION FUND R/E TITLE HOLDING CORP ALAS 9072761246 701 E TUDOR SUITE 200 ANCHORAGE AK 99503 LARRY BELL TRUSTEE 9072761246 2024-10-31 false 2023 2024-10-15 13:58:12Z LARRY BELL 712 WEST 36TH AVENUE ANCHORAGE AK 99503 7668530 false X WWW.AETF.COM X TITLEHOLDING 1998 AK HOLDING TITLE TO REAL PROPERTY 12 1 0 12 0 0 0 13146 5348 2920245 2765420 2933391 2770768 0 0 363205 393035 0 0 28297 18825 391502 411860 2541889 2358908 78167892 66981709 832857 714710 77335035 66266999 HOLDING TITLE TO REAL PROPERTY false false 411860 HOLDING TITLE TO REAL PROPERTY 411860 false false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 17 0 true 0 false false false false false false false false X 12 1 true false false false false false false true true true false true true false true false true true false false X GENARO R GARCIA 9072761246 ALASKA ELECTRICAL TRUST FUNDS 701 E TUDOR RD SUITE 200 ANCHORAGE AK 99503 LARRY BELL TRUSTEE 1.00 1.00 X 0 0 0 JAMES CARR TRUSTEE 1.00 1.00 X 0 0 0 DOUG TANSY TRUSTEE 1.00 1.00 X 0 0 0 LAEL FULLFORD TRUSTEE 0.50 0.50 X 0 0 0 JESSE HALE TRUSTEE 0.50 0.50 X 0 0 0 SHERRI HIGHERS TRUSTEE 0.50 0.50 X 0 0 0 BREA SCHMIDT TRUSTEE 0.50 0.50 X 0 0 0 VINCE BELTRAMI TRUSTEE 0.50 0.50 X 0 0 0 JULIUS MATTHEW TRUSTEE 0.50 0.50 X 0 0 0 JAY RHODES TRUSTEE 0.50 0.50 X 0 0 0 JAMES ZEHNDER TRUSTEE 0.50 0.50 X 0 0 0 JESSE YOUNG TRUSTEE 0.50 0.50 X 0 0 0 ROBERT GARCIA ADMINISTRATO 18.00 X 0 71260 53572 PETER CROSSON REAL ESTATE 33.00 7.00 X 197183 45295 130824 SHERRY BORER REINVESTMENT 29.00 11.00 X 81135 31131 83027 LAURIE BUTCHER TRUSTEE 0.50 0.50 X 0 0 0 MARCIE OBREMSKI TRUSTEE 0.50 0.50 X 0 0 0 DAVID MCALLEN TRUSTEE 0.50 0.50 X 0 0 0 278318 147686 267423 1 false true false 5348 5348 7663182 4897762 2765420 2765420 2765420 2770768 2770768 255102 80910 19304 19755 17964 18825 411860 0 0 0 83685 89929 3229374 2318445 169905 206368 84928 74967 73089649 8797649 74600000 64292000 78167892 66981709 832857 714710 832857 714710 X 87120743 77335035 -9785708 -11068036 77335035 66266999 78167892 66981709 X 2358908 -9638804 -3788140 X false true X true false 73089649 8797649 64292000 64292000 X SCHEDULE D, PAGE 3, PART X U.S. GENERALLY ACCPTED ACCOUNTING PRINCIPLES REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2015. SCHEDULE D, PAGE 4, PART XIII THE PLAN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE CODE, PURSUANT TO A TAX DETERMINATION LETTER OBTAINED FROM THE IRS DATED MARCH 25, 2016. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X true false X false false false PETER CROSSON REAL ESTATE MANAGER 189636 43561 7547 1734 84410 19390 21976 5048 303569 69733 SHERRY BORER REINVESTMENT OFFICER 78026 29938 3109 1193 40473 15530 19530 7494 141138 54155 FORM 990, PAGE 6, PART VI, LINE 2 JESSE YOUNG IBEW EXECUTIVE BOARD MEMBER TRUSTEE BUSINESS RELATIONSHIP JAMES CARR IBEW EXECUTIVE BOARD MEMBER TRUSTEE BUSINESS RELATIONSHIP DOUG TANSY IBEW EXECUTIVE BOARD MEMBER TRUSTEE BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 9 LARRY BELL 712 WEST 36TH AVENUE ANCHORAGE, AK 99503 JAMES CARR 3333 DENALI STREET STE 200 ANCHORAGE, AK 99503 DOUG TANSY 333 DENALI STREET STE. 200 ANCHORAGE, AK 99503 LAEL FULLFORD 303 E VAN HORN RD. FAIRBANKS, AK 99701 JESSE HALE P.O. BOX 91499 ANCHORAGE, AK 99509 SHERRI HIGHERS 5601 ELECTRON DRIVE ANCHORAGE, AK 99518 BREA SCHMIDT 600 TELEPHONE AVE ANCHORAGE, AK 99503 VINCE BELTRAMI P.O. BOX 569 COOPER LANDING, AK 99572 JULIUS MATTHEW 303 E VAN HORN ROAD FAIRBANKS, AK 99701 JAY RHODES 317 STEDMAN KETCHIKAN, AK 99901 JAMES ZEHNDER 301 W. NORTHERN LIGHTS BLVD. STE. 30 ANCHORAGE, AK 99503 JESSE YOUNG 813 W. 12TH STREET JUNEAU, AK 99801 LAURIE BUTCHER 600 TELEPHONE AVE. MS 8 ANCHORAGE , AK 99503 MARCIE OBREMSKI 3333 DENALI STREET STE 200 ANCHORAGE, AK 99503 DAVID MCALLEN P.O. BOX 230387 ACHORAGE, AK 99523 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED AT THE DETAIL LEVEL BY THE CONTROLLER AND ACCOUNTING STAFF,AND REVIEWED BY TRUSTEES PRIOR TO FILING. KEY SECTIONS ARE REVIEWED BY CLIFTONLARSONALLEN AT THE HIGH LEVEL. THE FORM IS SIGNED BY TWO TRUSTEES OF THE PLAN. FORM 990, PAGE 6, PART VI, LINE 12C THERE IS NO SPECIFIC CONFLICT OF INTEREST POLICY; HOWEVER, THE ARTICLES OF INCORPORATION REQUIRE TRUSTEE TO DISCLOSE ANY CONFLICTS FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION REVIEW IS PERFORMED BY TRUSTEES(MEMBERS OF THE ADMINISTRATIVE COMMITTEE). THE ALASKA CONSUMER PRICE INDEX IS USED TO DETERMINE COMPARABILITY. CONTEMPORANEOUS SUBSTANTIATION TAKES THE FORM OF A MEMO FROM THE ADMINISTRATIVE COMMITTEE. THE POSITIONS FOR WHICH THE DESCRIBED PROCESS APPLIES ARE THE ADMINISTRATOR AND THE REAL ESTATE MANAGER. THE PROCESS WAS LAST PERFORMED FOR BOTH OF THESE POSITIONS IN 2023. FORM 990, PAGE 6, PART VI, LINE 19 THE ANNUAL FUNDING NOTICE TO PARTICIPANTS IS THE PENSION SUMMARY REPORT, WHICH INCLUDES INVESTMENTS HELD BY THE REAL ESTATE TITLE HOLDING CORP. INCLUDED IN THIS REPORT IS NOTIFICATION THAT PARTICIPANTS MAY OBTAIN A FULL ANNUAL REPORT, INCLUDING FORM 5500 AND AUDITED FINANCIAL STATEMENTS, UPON REQUEST. FORM 990, PART XI, LINE 9 OWNER DISTRIBUTIONS -3,788,140 AK ELECTRICAL PENSION PLAN 701 E TUDOR SUITE 200 ANCHORAGE AK 99503 926005171 PENSION AK 401A NA false AK ELECTRICAL RETIREMENT SAVINGS PL 701 E TUDOR SUITE 200 ANCHORAGE AK 99503 926005171 PENSION AK 401A NA false false false false false false false false false false true false false false false true true false true false ALASKA ELECTRICAL PENSION PLAN O 393035 SALARY EXP. REIMBURSEMENT ALASKA ELECTRICAL PENSION PLAN P 18825 TRAVEL EXP. REIMBURSEMENT ALASKA ELECTRICAL PENSION PLAN R 4200000 DISTRIBUTIONS