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Nonprofiteer
← PAMCAH UA LOCAL 675 HEALTH & WELFARE FUND

Form 990 for tax year 2022

Filed by PAMCAH UA LOCAL 675 HEALTH & WELFARE FUND.

Totals

Total revenue
$30,048,650
Total expenses
$21,841,115
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,256,987
Investment income
$2,606,357
Other revenue
$185,306
Total assets, end of year
$82,766,862
Total liabilities, end of year
$210,815
Net assets or fund balances, end of year
$82,556,047
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$20,608,746

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $25,580,595 · related or exempt $25,580,595

  • 2b · Program service revenue: RETIREE CONTRIBUTIONS

    total $1,611,680 · related or exempt $1,611,680

  • 2c · Program service revenue: LIQUIDATED DAMAGES AND

    total $64,712 · related or exempt $64,712

  • 3 · Investment income

    total $2,240,653 · excluded $2,240,653

  • 7a · Gross sales of assets other than inventory

    securities $15,122,962

  • 7b · Less cost or other basis and sales expenses

    securities $14,757,258

  • 7c · Gain or loss

    securities $365,704

  • 7d · Net gain or loss

    total $365,704 · excluded $365,704

  • 11a · Other revenue: OTHER INCOME

    total $185,303 · excluded $185,303

  • 11b · Other revenue: NET RENTAL INCOME

    total $3 · excluded $3

  • 11e · Other revenue, total

    $185,306

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $19,436,255

  • 11b · Fees: legal

    total $95,002

  • 11c · Fees: accounting

    total $57,592

  • 11f · Fees: investment management

    total $203,097

  • 13 · Office expenses

    total $21,703

  • 22 · Depreciation, depletion and amortization

    total $1,527

  • 23 · Insurance

    total $23,649

  • 24a · Other expenses: ADMINISTRATIVE FEE - ME

    total $903,027

  • 24b · Other expenses: REIMBURSEMENT - ADMINIS

    total $436,148

  • 24c · Other expenses: CONSULTANT FEES

    total $341,355

  • 24d · Other expenses: ADMINISTRATIVE FEE - DE

    total $169,119

  • 24e · All other expenses

    total $152,641

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,757,120 · end of year $7,412,094

  • 4 · Accounts receivable

    beginning of year $5,188,779 · end of year $4,824,352

  • 10a · Land, buildings and equipment: cost or other basis

    $13,089

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,089

  • 10c · Land, buildings and equipment, net

    beginning of year $1,527 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $59,583,617 · end of year $69,199,413

  • 12 · Investments: other securities

    beginning of year $1,129,084 · end of year $1,116,696

  • 15 · Other assets

    beginning of year $254,280 · end of year $214,307

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,671 · end of year $210,815

  • 29 · Capital stock, trust principal or current funds

    beginning of year $69,629,736 · end of year $82,556,047

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR FAMILIES. THE PLAN IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

  • PROVIDING SELF-INSURED BENEFITS TO ELIGIBLE PARTICIPANTS BY PAYING FOR INCURRED CLAIMS (MEDICAL CLAIMS $13,098,640, DENTAL CLAIMS $1,799,251, DRUG CLAIMS $2,753,571, AND VISION CLAIMS $248,085).

    Expenses $17,899,547

  • PROVIDING HEALTH AND WELFARE BENEFITS BY PAYING FOR MONTHLY INSURANCE PREMIUMS TO INSURANCE CARRIERS (INSURANCE STOP-LOSS FEES $740,843, HAWAII MEDICAL SERVICE ASSOCIATION $245,314, HUMANA $61,439, AND PACIFIC GUARDIAN LIFE $489,112).

    Expenses $1,536,708

  • PROVIDING SELF-INSURED BENEFITS TO ELIGIBLE PARTICIPANTS BY PAYING FOR CLAIMS ADMINISTRATIVE FEES (MEDICAL $903,027, DENTAL $169,119, PRESCRIPTION DRUG $66,190, AND VISION $34,155).

    Expenses $1,172,491

As filed on the 2022 return.

Listed in Part VII

  • Valentino Ceria

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew Brady

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kent A Matsuzaki

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Suzuki

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samuel Fujikawa

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregg Serikaku

    MANAGEMENT TRUSTEE (ALT)

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Panis

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samuel Barrett Jr

    UNION TRUSTEE (ALT)

    Total calculated
    $0
    Hours/week
    1

  • Curt Balanay

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PAMCAH-UA LOCAL 675 ADMINISTRATIVE OFFICE

    C · TO ALLOCATE COMMON EXPENSES AMOUNG THE PAMCAH TRUST FUNDS · HI

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431569349301338

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