Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $141,637,852 · related or exempt $141,637,852

• 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

  total $32,132,720 · related or exempt $32,132,720

• 2c · Program service revenue: PRESCRIPTION REBATES

  total $16,620,887 · related or exempt $16,620,887

• 2d · Program service revenue: DELINQUENT EMPLOYER IN

  total $165,707 · related or exempt $165,707

• 2e · Program service revenue: MEDICARE SUBSIDY

  total $29,314 · related or exempt $29,314

• 3 · Investment income

  total $23,028,772 · excluded $23,028,772

• 7a · Gross sales of assets other than inventory

  securities $533,200,561

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

  securities $439,066,172

• 7c · Gain or loss

  securities $94,134,389

• 7d · Net gain or loss

  total $94,134,389 · excluded $94,134,389

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $6,885 · excluded $6,885

• 11e · Other revenue, total

  $6,885

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $180,025,737

• 5 · Compensation of officers, directors and key employees

  total $363,740

• 7 · Other salaries and wages

  total $469,462

• 8 · Pension plan contributions

  total $615,271

• 9 · Other employee benefits

  total $383,849

• 10 · Payroll taxes

  total $17,374

• 11a · Fees: management

  total $1,732,109

• 11b · Fees: legal

  total $229,962

• 11c · Fees: accounting

  total $380,039

• 11f · Fees: investment management

  total $5,806,731

• 11g · Fees: other

  total $202,569

• 13 · Office expenses

  total $300,482

• 14 · Information technology

  total $166,765

• 16 · Occupancy

  total $103,537

• 17 · Travel

  total $59,115

• 18 · Travel or entertainment for public officials

  total $25,830

• 23 · Insurance

  total $208,493

• 24a · Other expenses: JOINT COMMITTEE ON ADMI

  total $1

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$387,777 · end of year -$1,295,206

• 2 · Savings and temporary cash investments

  beginning of year $56,391,318 · end of year $51,578,338

• 4 · Accounts receivable

  beginning of year $8,013,149 · end of year $7,715,653

• 6 · Loans and receivables from disqualified persons

  beginning of year $489,851 · end of year $458,347

• 9 · Prepaid expenses and deferred charges

  beginning of year $179,245 · end of year $107,403

• 11 · Investments: publicly traded securities

  beginning of year $302,228,476 · end of year $268,010,850

• 12 · Investments: other securities

  beginning of year $786,242,400 · end of year $899,815,692

• 15 · Other assets

  beginning of year $5,079,085 · end of year $10,629,940

• 17 · Accounts payable and accrued expenses

  beginning of year $1,205,092 · end of year $1,148,003

• 19 · Deferred revenue

  beginning of year $3,767,115 · end of year $2,922,519

• 25 · Other liabilities

  beginning of year $23,239,443 · end of year $22,211,053

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 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 $1,130,024,097 · end of year $1,210,739,442

The filer's explanations (Part III)

PART I, LINE 3

THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ATI SERVICES LLC

• ADIRONDACK MECHANICAL SERVICES

• ADVANCED PROJECT CONTROLS

• ALLOY CLADDING COMPANY LLC

• ARCH FABRICATING LLC

• BARIN GROUP LLC

• BOILEROOM FABRICATION LLC

• CAPITAL ENERGY GROUP LLC

• CONSTRUCTION & TURNAROUND SERV

• FRESH MEADOW POWER LLC

• FRESH MEADOW POWER NE LLC

• GUBMK

• GIBRALTAR CHIMNEY INTERNATIONA

• HAYES MECHANICAL INC

• HAYES COMMERCIALLLC

• HAYES SERVICESLLC

• ICON MECHANICAL CONST AND ENG

• CAM INDUSTRIAL SOLUTIONS FKA W

• JH KELLY LLC

• LIQUIDMETAL WELDING LLC

• NORMINN INDUSTRIAL LLC

• PALMER CONTRACTORS LLC

• QA SUPPORT LP

• SGS US EAST COAST LLC

• STAR MECHANICAL CONTRACTORS

• STERLING INDUSTRIAL LLC

• TURNER INDUSTRIAL MAINTENANCE

• UNITED TECHNICAL SERVICES LLC

• V SPECIALTY SERVICES LLC

• VULCAN INDUSTRIAL CONTRACTORS

• AZZ WSI LLC

Related corporations and trusts

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

• BOILERMAKERS LOCAL LODGE 454

• A&B WELDING & CONSTRUCTION INC

• AP&F CONSTRUCTION

• ADVANCED FIELD SERVICES

• ADVANCED WELDING & EQUIPMENT I

• ADVANTAGE INDUSTRIAL SYSTEMS L

• GRAHAM INDUSTRIAL MAINTENANCE

• AIRCO POWER SERVICES INC

• ALB INC

• ALBERICI CONSTRUCTORS INC

• ALLIANCE CONSTRUCTORS

• ALLIED POWER SERVICES LLC

• ALLIED POWER SERVICES MICHIGAN

• AMERICAN BOILER COMPANY

• AMERICAN COMBUSTION SERVICES

• AMEX NOOTER LLC

• ANDEE BOILER & WELDING CO

• APOLLO SHEET METAL INC

• ARB INC

• API INC

• ASHTON AND COMPANY INC

• ACMS GROUP

• ATLANTIC PLANT MAINTENANCE IN

• ATLAS BOILER & WELDING CO IN

• AZCO INC

• BABCOCK & WILCOX CONSTRUCTION

• BADGER LABOR SERVICES LLC

• BAY CITY BOILER & ENGINEERING

• T-BAILEY INC

• GD BARRI & ASSOCIATES INC

• BARTON MALOW COMPANY

• BAY ENGINEERING LLC

• BLACK & VEATCH CONSTRUCTION

• 3B SERVICES INC

• BOILERMATIC WELDING INDUSTRIES

• BOILERWORKS INC

• THE BOLDT COMPANY

• BOWEN ENGINEERING CORPORATION

• INSTEEL LLC

• BRADLEY-SCIOCCHETTI INC

• BRAGG INVESTMENT COMPANY

• BRANDSAFWAY INDUSTRIES LLC

• BRAYCO INC

• BURNN BOILER & MECHANICAL INC

• CADY AQUASTORE INC

• CALIFORNIA AQUASTORE

• CALIFORNIA BOILER INC

• CALCULATED CONTROLS LLC

• CENTRAL MAINTENANCE & WELDING

• CHAPMAN CORPORATION

• CHATTANOOGA BOILER & TANK

• CHERNE CONTRACTING CORP

• CHESTER POOL SYSTEMS INC

• CBI SERVICES LLC

• OPTIMUS INDUSTRIES DBA CHANUTE

• CHUGACH FEDERAL SOLUTIONS INC

• CH MURPHY CLARK ULLMAN INC

• CLEAVER BROOKS

• COENEN MECHANICAL

• COLLIER CONSTRUCTION SERVICES

• APCOMPOWER

• COMMON ARC CORPORATION

• COMPREHENSIVE CONSTRUCTION SOL

• CONSOLIDATED MECHANICAL INC

• CONTINENTAL STEEL LLC

• CONTRACTOR CARGO DBA CONTRACTO

• CORROSION MONITORING SERVICES

• CUST O FAB SPECIALTY SERVICES

• ESW SPECIALTY SERVICES LLC

• DAVIS PICKERING & CO INC

• DETROIT BOILER COMPANY

• DETROIT METRO MECHANICAL INC

• DDJ CONSTRUCTION WELDING INC

• DCK PROJECT MANAGEMENT SERVICE

• EARLY CONSTRUCTION CO

• EDWARDS ENGINEERING

• ENERFAB POWER & INDUSTRIAL IN

• ESW PLANT SERVICES LLC

• F&B STEEL ERECTORS INC

• FEWER BOILER

• FISHER TANK CO

• FLUOR CONSTRUCTORS INTERNATION

• FLUOR MAINTENANCE SERVICES

• FOREST CITY ERECTORS INC

• WB FOSSON & SONS INC

• FREITAG - WEINHARDT INC

• FURINO & SONS INC

• FUSION BOILER WORKS INC

• GRP WEGMAN COMPANY (FKA GRP ME

• WW GAY MECHANICAL CONTRACTOR I

• GEM INDUSTRIAL INC

• GEIGER BROTHER MECHANICAL CONT

• GLASROCK PRODUCTS INC

• GLOBAL SCAFFOLD CONSTRUCTION S

• GRAYCOR INDUSTRIAL CONSTRUCTOR

• GREAT LAKES POWER INC

• WO GRUBB STEEL ERECTION INC

• GULF COAST INDUSTRIAL MAINTENA

• BARNHART NORTHEAST

• HARDER MECHANICAL CONTRACTORS

• HASKELL CORPORATION

• HENKELS & MCCOY INC

• HUDSON BOILER & TANK COMPANY

• HOHL INDUSTRIAL SERVICES INC

• HOLLY CONSTRUCTION CO

• HRI INC

• IPC LYDON LLC

• INDEPENDENT MECHANICAL INDUSTR

• INDUSTRIAL POWER SYSTEMS

• INDUSTRIAL CONTRACTORS SKANSKA

• INDUSTRIAL SERVICES INC

• ICC COMMONWEALTH CORPORATION

• J&J GENERAL MAINTENANCE INC

• J POLI INC

• JACOBS BOILER & MECH IND INC

• JAFFA CONSTRUCTION INC

• JAMAR COMPANY

• JERSEY TANK FABRICATORS INC

• K&E FABRICATING CO INC

• KEE CONSTR SERV & CONSULTING

• KELLY BOILER CO

• KELLEY STEEL ERECTORS INC

• KENNEDY TANK & MFG CO INC

• KERFORD LIMESTONE COMPANY

• KIEWIT POWER CONSTRUCTORS CO

• LAKEHEAD CONSTRUCTORS INC

• LARKIN ENTERPRISES

• FRANK LILL & SONS INC

• LINCOLN MANUFACTURING INC

• LINTEC CORPORATION

• LIPPERT MECHANICAL SERVICE LLC

• LIQUID METAL COATING SOLUTIONS

• LOCKE AMI LLC

• LYNN LEFEVRE WELDING

• M&M WELDING AND FABRICATION IN

• MAP MECHANICAL CONTRACTORS INC

• MADISON INDUSTRIAL SERVICES TE

• MANAFORT BROTHERS INC

• MCCARLS INC

• MC INDUSTRIAL INC

• MATRIX NAC

• MCABEE CONSTRUCTION INC

• MCGRAWKOKOSING INC

• MECHANICAL TECHNOLOGIES INC

• MECHANICAL SYSTEM SERVICES LLC

• MILETTA BROTHERS INC

• MEYER UTILITY STRUCTURES LLC

• C R MEYER & SONS CO

• MICRONICS ENGINEERED FILTRATIO

• MID-AMERICA GUNITE INC

• MID MOUNTAIN BOILER & STEAM I

• MILLCO MECHANICAL INC

• MILLER INDUSTRIAL SERVICE TEAM

• MILLER MECHANICAL SERVICES

• MOLLENBERG - BETZ INC

• MONARCH WELDING & ENG INC

• MORRISON CONSTRUCTION CO

• ADAPTIVE STAINLESS INC FKA MU

• MUNROE INC

• MVN ASSOCIATES INC

• DAY & ZIMMERMANN

• NAES POWER CONTRACTORS PMR DIV

• NAES POWER CONTRACTORS INC

• NBW INC (NATIONAL BOILER WORKS

• NATIONAL STEEL CITY LLC

• NEW AGE FASTENING SYSTEMS IN

• CORVAL CONSTRUCTORS INC

• NEWTRON LLC

• NITRO CONSTRUCTION SERVICES IN

• NOLAN BOILER & TANK SERVICE I

• NOOTER CONSTRUCTION CO

• NORTHERN HORIZONS SOLWAY INC

• NB PROCESSING

• XCEL ENERGY (NSP - MN)

• NUCLEAR REPAIR SOLUTIONS

• NEWPORT NEWS SHIPBUILDING

• O'CONNOR CORPORATION

• OMI INDUSTRIAL SERVICES LLC

• ORBIS SIBRO INC

• OTONE MECHANICAL CONSTRUCTION

• OWENS & PRIDGEN INC

• PACIFIC TANK & CONSTRUCTION IN

• PCI ENERGY SERVICES LLC

• PBBS EQUIPMENT CORPORATION

• PCI (PERFORMANCE CONTRACTING

• BMWC CONSTRUCTORS INC

• PIONEER PIPE INC

• PIPING & EQUIPMENT CO INC

• PLANT SERVICES GROUP INC

• PERFORMANCE MECHANICAL INC

• POPHAM MECHANICAL CONTRACTORS

• POWER & COMBUSTION INC

• POWER SOURCE SERVICES INC

• POWER TECH SERVICES LLC

• PROFESSIONAL CONSTRUCTION SERV

• PROGRESSIVE INSULATION LLC

• PULLMAN POWER LLC

• PURVIS & FOSTER INC

• RL TRAXLER & ASSOCIATES LLC

• RCR SERVICES INC

• RAMCON INDUSTRIES INC

• RMF NOOTER INC

• RADOTICH INC

• RAGAN MECHANICAL INC

• RAND CONSTRUCTION CO

• RASMUSSEN MECHANICAL SERVICES

• REGIS MAINTENANCE CONTRACTORS

• HI-TECH WELD OVERLAY GROUP LL

• PROJECT CONTROL SERVICES INC

• RIGGERS INC

• RIGGS DISTLER & CO

• ROCKFORD CORPORATION

• SBS CONSTRUCTORS INC

• SAVANNAH RIVER MISSION COMPLET

• SAVANNAH RIVER NUCLEAR SOLUTIO

• SCM SOLUTIONS LLC

• SCHECK MECHANICAL CORP

• SCHULTZ INDUSTRIAL SERVICES IN

• SHEARER CONSTRUCTION

• BLUE PEAKS INDUSTRIAL LLC

• SIMAKAS COMPANY INC

• R G SMITH

• SRL SERVICES LLC

• SONGER SERVICES INC DBA SSS

• SOMERSET STEEL ERECTION CO INC

• SOUTH SIDE WELDING & BOILER WO

• SPECIALTY WELDING AND TURNAROU

• STACK BROTHERS MECHANICAL CONT

• STANTON MECHANICAL INC

• STEVENS ENGINEERS & CONSTRUCTO

• APTIM SERVICES LLC

• F M SYLVAN INC

• THE NEW GENERATION (TNG) ENGIN

• TESAR INDUSTRIAL CONTRACTORSI

• TECHNICAL ERECTORS INC

• J T THORPE & SON INC

• TRI RIVERS WELDING INC

• TROY BOILER WORKS

• TRSC INC

• TWIN WIRE ARC INC

• UNION TANK ERECTION INC

• UPS INDUSTRIAL SERVICES OF CA

• BROCK INDUSTRIAL SERVICES LLC

• UNITED CONSTRUCTION CO INC

• US PIPING INC

• US TANK & MECHANICAL SERVICES

• UST TESTING SERVICES INC

• VOITH HYDRO INC

• WALASHEK INDUSTRIAL & MARINE

• BHI ENERGY SPECIALTY SERVICES

• WELDTECH SERVICES INC

• WESTERN COMBUSTION LLC

• JJ WHITE INC

• WILLIAMS SPECIALTY SERV LLC

• WILLIAMS PLANT SERVICES LLC

• WILTSIE CONSTRUCTION CO INC

• WINBCO TANK CO

• WITHERUP CONSTRUCTION CO INC

• WRIGLEY MECHANICAL INC