2024-11-11T11:21:51-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 915 HIGHLAND POINTE DR SUITE 300 ROSEVILLE CA 95678 990 2023-01-01 356967427 WESTERN REGIONAL EMPLOYEE WELFARE BENEFITS TRUST WEST 2095219771 PO BOX 3191 MODESTO CA 953533191 JEFFREY R REED TRUSTEE TRUSTEE 2095219771 2024-11-05 1 1 DYLAN VALENTINE P01934033 9167847800 2024-11-05 2023 2024-10-15 13:58:12Z JEFFREY R REED PO BOX 3191 MODESTO CA 953533191 7376605 0 X NONE X 2012 CA PROVIDE HEALTH, DISABILITY AND LIFE INSURANCE BENEFITS TO EMPLOYEES AND FAMILY MEMBERS. 3 0 0 0 0 0 0 0 7403817 7376605 0 0 0 0 7403817 7376605 0 0 6601327 6541920 0 0 0 0 0 513298 600244 7114625 7142164 289192 234441 1781479 2015920 390376 545660 1391103 1470260 PROVIDE HEALTH, DISABILITY AND LIFE INSURANCE BENEFITS TO THE EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES OF REED FAMILY COMPANIES AND SUBSIDIARIES. 0 0 PROVIDED MEDICAL BENEFITS TO EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES, AS APPLICABLE. PROVIDED LIFE INSURANCE BENEFITS TO EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES, AS APPLICABLE. PROVIDED LONG TERM DISABILITY BENEFITS TO EMPLOYEES, SPOUSES OF EMPLOYEES, AND DEPENDENTS OF EMPLOYEES, AS APPLICABLE. 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 CA X CASEY RAZMA 2095219771 PO BOX 3191 MODESTO CA 953533191 JEFFREY REED CHAIRMAN 1.00 40.00 X X 0 516838 43537 CASEY RAZMA DIRECTOR 1.00 40.00 X 0 416485 49485 MARGARET REED DIRECTOR 1.00 40.00 X 0 305367 32475 0 1238690 125497 0 0 1 0 0 EMPLOYER CONTRIBUTIONS 525100 5554734 5554734 EMPLOYEE CONTRIBUTIONS 525100 1821871 1821871 7376605 7376605 7376605 0 0 6541920 24626 ADMINISTRATIVE EXPENSES 575618 7142164 412967 1135795 1157155 669709 211357 210416 1781479 2015920 390376 545660 390376 545660 X 1391103 1470260 1391103 1470260 1781479 2015920 X 234441 -155284 X X 0 1 X 1 0 0 PREMIUM DEPOSITS 210416 210416 X 7376605 0 7376605 0 7376605 7142164 0 7142164 0 7142164 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED JUNE 30, 2014, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2023 AND 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. 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 PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATIONS BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, 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. 0 0 0 JEFFREY REED CHAIRMAN 0 416838 0 100000 0 0 0 30963 0 12574 0 560375 0 0 CASEY RAZMA DIRECTOR 0 316485 0 100000 0 0 0 24942 0 24543 0 465970 0 0 MARGARET REED DIRECTOR 0 205367 0 100000 0 0 0 18275 0 14200 0 337842 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH AUTHORIY TO ACT ON BEHALF OF THE GOVERNING BODY IN 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ALL APPLICABLE SCHEDULES AND STATEMENTS, HEREAFTER REFERRED TO COLLECTIVELY AS "FORM 990", WERE PROVIDED TO THE TRUSTEES. THE TRUSTEES REVIEWED FORM 990 FOR ACCURACY AND COMPLETENESS. ANY QUESTIONS THAT AROSE FROM THE TRUSTEE'S REVIEWS WERE ADDRESSED AND/OR RESOLVED, AS APPLICABLE, PRIOR TO FILING FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT ITS OFFICE. THE ORGANIZATION WILL MAKE AVAILABLE THROUGH ELECTRONIC MEANS SUCH DOCUMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CLAIMS INCURRED BUT NOT REPORTED -140,059. CHANGE IN INSURANCE PREMIUMS PAYABLE -15,225. FORM 990, PART XII, LINE 2(C): THE TRUST HAD NO CHANGE IN ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. REED FAMILY COMPANIES PO BOX 3191 MODESTO CA 95353 942208599 CONTRACTING 0 BASIC RESOURCES PROPERTIES INC PO BOX 3191 MODESTO CA 95353 770570194 REAL ESTATE 0 GEORGE REED INC PO BOX 3191 MODESTO CA 95353 941531193 CONTRACTING 0 BLACK DIAMOND AGGREGATES INC PO BOX 3191 MODESTO CA 95353 770546173 HANDLING 0 711 MATERIALS INC PO BOX 3191 MODESTO CA 95353 942261762 MANUFACTURING 0 REED INTERNATIONAL INC PO BOX 3191 MODESTO CA 95353 942199163 MANUFACTURING 0 VSS INTERNATIONAL INC PO BOX 3191 MODESTO CA 95353 942270766 MAINTENANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 REED FAMILY COMPANIES S 435999 CASH TRANSFERED GEORGE REED INC S 1231825 CASH TRANSFERED 711 MATERIALS INC S 2212498 CASH TRANSFERED REED INTERNATIONAL INC S 488127 CASH TRANSFERED VSS INTERNATIONAL INC S 2995420 CASH TRANSFERED