2024-11-13T17:04:14-06:00 2023-12-31 MILLER KAPLAN ARASE LLP 4123 Lankershim Blvd North Hollywood CA 916022828 990 2023-01-01 306001608 Santa Monica City Employees Coalition Benefit Trust % BENEFIT PROGRAMS ADMIN SANT 5624635000 1200 Wilshire Blvd 5th Fl Los Angeles CA 90017 CARL OLSEN CHAIRMAN 5624635000 2024-11-12 true true Kelly W Fox P01777052 8187692010 2023 2024-10-15 13:58:12Z LILI GASPAR 1200 Wilshire Blvd 5th Fl Los Angeles CA 90017 15904827 false X N/A X 2001 CA SEE SCHEDULE O 9 3 0 0 0 0 0 0 3114878 3287180 1899157 3064913 2500000 0 7514035 6352093 0 0 2710176 2558518 0 0 0 0 0 558519 423480 3268695 2981998 4245340 3370095 82153490 94075899 36135 268313 82117355 93807586 X SEE SCHEDULE O false false SEE SCHEDULE O 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 0 0 true 0 false false false false false false false false X 9 3 false false false false false true false true true false false true true true true true true false false false X BENEFIT PROGRAMS ADMIN 5624635000 1200 WILSHIRE BLVD 5TH FL Los Angeles CA 90017 X X Lyn Beckett Cacciatore trustee 1.0 0.0 X 0 0 0 Stephen Jones trustee 1.0 0.0 X 0 0 0 Carl Olson trustee 1.0 0.0 X 0 0 0 maryann yurkonis trustee 1.0 0.0 X 0 0 0 Carlos Rubio trustee 1.0 0.0 X 0 0 0 Hakhamanesh Mortezaie TRUSTEE 1.0 0.0 X 0 0 0 Araceli Esparza Trustee 1.0 0.0 X 0 0 0 Bradley Michaud Trustee 1.0 0.0 X 0 0 0 Steve Gomez Trustee 1.0 0.0 X 0 0 0 0 0 0 0 false false false BENEFIT PROGRAM ADMINISTRATORS 1200 WILSHIRE BLVD FL 5 LOS ANGELES CA 90017 ADMINISTRATION 166868 CHANDLER ASSET MGMT 6225 LUSK BLVD SAN DIEGO CA 92121 INVESTMENT MANAGER 125066 2 0 EMPLOYER CONTRIBUTIONS 900099 3287180 3287180 0 0 3287180 2451414 0 0 2451414 0 0 0 0 0 10166233 9552734 613499 613499 0 0 613499 0 0 0 0 0 0 0 0 0 0 6352093 3287180 0 3064913 0 0 0 2558518 0 0 0 0 0 0 166868 38053 30400 0 0 125066 29315 0 6421 0 0 0 0 0 389 0 0 0 17589 MISCELLANEOUS EXPENSES 9379 2981998 0 0 956554 1288954 0 0 18792 9900 0 0 0 0 0 0 0 0 12603 4629 0 0 81149679 92772416 15862 0 0 0 0 0 0 0 82153490 94075899 29443 27986 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6692 240327 36135 268313 X 0 0 0 0 82117355 93807586 82117355 93807586 82153490 94075899 3370095 8320136 X false true X true 0 BENEFIT OBLIGATIONS 240327 240327 X 14672229 8320136 8320136 6352093 6352093 2981998 2981998 2981998 part x, line 2: The Plan is tax-exempt under Internal Revenue Code Section 501(c)(9) and from the state of California under Revenue and Taxation Code Section 23701a; therefore, no provision is made for federal or state income taxes. Accounting principles generally accepted in United States of America require management to evaluate tax positions taken by the Plan and recognized a tax liability if the plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. PART I, LINE 1 AND PART III, LINES 1 AND 4A: THE SANTA MONICA CITY EMPLOYEES COALITION BENEFIT TRUST WAS ESTABLISHED BY AGREEMENT BETWEEN THE SANTA MONICA EMPLOYEES COALITION AND THE CITY OF SANTA MONICA FOR THE PURPOSE OF FUNDING A RETIREE HEALTH INSURANCE PLAN FOR ELIGIBLE PARTICIPANTS. PART VI, LINE 7A: THERE ARE NINE TRUSTEES, ALL OF WHOM ARE SELECTED BY THE MEMBERS OF THE PARTICIPATING LABOR ORGANIZATIONS. IN THE EVENT OF EARLY TERMINATION OF APPOINTMENT, RESIGNATION, OR DEATH OF A TRUSTEE, THE BOARD OF DIRECTORS OF THE LABOR ORGANIZATION SHALL APPOINT A SUCCESSOR TRUSTEE FOR THE REMAINDER OF THAT TERM. THE APPOINTMENT OF A TRUSTEE MAY BE TERMINATED, AT ANY TIME, BY THE ENTITY WHICH ORIGINALLY MADE THE APPOINTMENT, ACCORDING TO SUCH ENTITY'S INTERNAL RULES, PROCEDURES OR PRACTICES. PART VI, LINE 11B: THE CONTRACT ADMINISTRATOR REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY. TRUSTEES ALSO REVIEW THE FORM FOR COMPLETENESS AND ACCURACY BEFORE SIGNING AND FILING WITH THE IRS. PART VI, LINE 12C: TRUSTEES COMPLETE A WRITTEN DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST AND UPDATE THAT DISCLOSURE ANNUALLY, IF NEEDED. PART VI, LINE 15: THE PLAN HAS NO EMPLOYEES AND MEMBERS OF THE GOVERNING BODY RECEIVE NO COMPENSATION. PART VI, LINE 19: THE PLAN DOCUMENTS, OTHER GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE PLAN ADMINISTRATOR'S OFFICE AND ARE AVAILABLE UPON REQUEST. PART VII, SECTION A: EXPLANATION TO IRS FOR REFUSING TO DISCLOSE SALARY INFORMATION: "THE TRUST DOES NOT HAVE INFORMATION REGARDING THE COMPENSATION RECEIVED BY THE TRUSTEES FROM THE CITY OF SANTA MONICA. FIVE OUT OF THE NINE MEMBERS OF THE BOARD OF TRUSTEES ARE PAID CITY EMPLOYEES; THREE TRUSTEES ARE RETIRED FORMER EMPLOYEES OF THE CITY WHO DO NOT RECEIVE COMPENSATION FROM THE CITY; ONE UNION OFFICER TRUSTEE DOES NOT RECEIVE COMPENSATION FROM THE CITY. THE NON-RETIRED, NON-UNION TRUSTEES ARE EMPLOYED BY THE CITY OF SANTA MONICA AND RECEIVE ALL THEIR COMPENSATION SOLELY CONNECTED TO THEIR DUTIES AS CITY EMPLOYEES. SALARY INFORMATION FOR ALL CALIFORNIA PUBLIC EMPLOYEES IS AVAILABLE ON THE STATE CONTROLLER'S WEBSITE AND INCLUDES SALARY INFORMATION FOR ALL NON-RETIRED, NON-UNION MEMBERS OF THE BOARD OF TRUSTEES. IN THEIR ROLE AS TRUSTEES, THEY ARE FIDUCIARIES AND SUBJECT TO LEGAL PROHIBITIONS AGAINST SELF-DEALING. THEY SERVE ON A VOLUNTEER BASIS AS TRUST FIDUCIARIES; THEY DO NOT RECEIVE ANY ADDITIONAL COMPENSATION FROM THE CITY OF SANTA MONICA OR ANY OTHER PARTY FOR THEIR SERVICES ON THE BOARD OF TRUSTEES. FURTHER, THE TRUST HAS A CONFLICT OF INTEREST POLICY, WHICH REQUIRES TRUSTEES TO DISCLOSE ANY FINANCIAL ARRANGEMENTS THAT WOULD CREATE A CONFLICT OF INTEREST. NOTE ALSO THAT THE DISCLOSURE OF COMPENSATION REQUESTED ON THE FORM 990 WOULD CAUSE ADDITIONAL ADMINISTRATIVE BURDEN BY REQUIRING THE TRUST TO COLLECT THIS INFORMATION ANNUALLY, SINCE THE TRUSTEES' COMPENSATION AS CITY EMPLOYEES VARIES FROM YEAR TO YEAR, AND FROM TRUSTEE TO TRUSTEE. FINALLY, AND VERY IMPORTANTLY, THE FORM 990 IS PUBLIC INFORMATION. IT IS LIKELY THAT REQUIRING THE DISCLOSURE OF SPECIFIC INDIVIDUAL COMPENSATION BY NAME WILL DISSUADE CITY EMPLOYEES FROM VOLUNTEERING TO SERVE ON THE BOARD. THE TRUST WOULD THEN HAVE TO SPEND TRUST ASSETS TO HIRE A PROFESSIONAL TRUSTEE. PLEASE CONTACT THE TRUST OFFICE IF YOU WOULD LIKE FURTHER INFORMATION, AND/OR WOULD LIKE TO DISCUSS THIS FURTHER. THE TRUSTEES WANT TO BE COOPERATIVE WITH THE IRS, BUT REQUESTING THIS COMPENSATION INFORMATION IS PROBLEMATIC FOR THE REASONS STATED ABOVE." CITY OF SANTA MONICA NA SANTA MONICA CITY EMPLOYEES COALITION NA false false false false false false false false false false false false false false false false false false false