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← OPERATING ENGINEERS TR FUND H & W PLAN PUBLIC EMPLOYERS DIVISION

Form 990 for tax year 2024

Filed by OPERATING ENGINEERS TR FUND H & W PLAN PUBLIC EMPLOYERS DIVISION.

Totals

Total revenue
$20,915,093
Total expenses
$16,048,851
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,732,276
Investment income
$1,182,817
Other revenue
$0
Total assets, end of year
$25,360,966
Total liabilities, end of year
$3,988,622
Net assets or fund balances, end of year
$21,372,344
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $19,103,731 · related or exempt $19,103,731

  • 2b · Program service revenue: Participant Contributions

    total $628,545 · related or exempt $628,545

  • 3 · Investment income

    total $1,120,843 · unrelated business $1,120,843

  • 7a · Gross sales of assets other than inventory

    securities $3,684,790

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

    securities $3,622,816

  • 7c · Gain or loss

    securities $61,974

  • 7d · Net gain or loss

    total $61,974 · unrelated business $61,974

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $14,448,078

  • 5 · Compensation of officers, directors and key employees

    total $245,251

  • 7 · Other salaries and wages

    total $8,602

  • 10 · Payroll taxes

    total $15,959

  • 11b · Fees: legal

    total $53,946

  • 11c · Fees: accounting

    total $100,971

  • 11f · Fees: investment management

    total $51,778

  • 11g · Fees: other

    total $999,945

  • 13 · Office expenses

    total $42,670

  • 16 · Occupancy

    total $2,949

  • 19 · Conferences, conventions and meetings

    total $24,284

  • 22 · Depreciation, depletion and amortization

    total $7,218

  • 23 · Insurance

    total $41,749

  • 24e · All other expenses

    total $5,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,073,543 · end of year $985,227

  • 2 · Savings and temporary cash investments

    beginning of year $317,243 · end of year $3,887,671

  • 4 · Accounts receivable

    beginning of year $4,135,751 · end of year $3,632,762

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,199 · end of year $6,129

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

    $37,164

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

    $10,715

  • 10c · Land, buildings and equipment, net

    beginning of year $33,667 · end of year $26,449

  • 11 · Investments: publicly traded securities

    beginning of year $5,984,152 · end of year $7,757,768

  • 12 · Investments: other securities

    beginning of year $8,896,262 · end of year $9,064,960

  • 15 · Other assets

    beginning of year $1,436 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $181,362 · end of year $127,628

  • 19 · Deferred revenue

    beginning of year $64,668 · end of year $55,994

  • 25 · Other liabilities

    beginning of year $6,030,436 · end of year $3,805,000

  • 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 $17,173,787 · end of year $21,372,344

Mission and programs · 2024

Mission

To provide health and welfare benefits to members covered by a collective bargaining agreement between the Union and Employers and participation agreements between the Fund and Employers.

Activities or mission (Part I)

To provide health and welfare benefits to covered members.

  • The organization provided health and welfare benefits to approximately 936 members covered by the collective bargaining agreement between the Union and Employers.

As filed on the 2024 return.

Listed in Part VII

  • Dan Reding

    Chairman

    Total calculated
    $414,954
    From this org
    $0
    From related orgs
    $338,825
    Other
    $76,129
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,825 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $53,790 related
    Nontaxable benefits
    $0 + $22,339 related
    Filer's total
    $0 + $414,954 related

  • Austris Rungis

    Co-Chairman

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Dave Harrison

    Trustee

    Total calculated
    $353,683
    From this org
    $0
    From related orgs
    $277,554
    Other
    $76,129
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,554 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $53,790 related
    Nontaxable benefits
    $0 + $22,339 related
    Filer's total
    $0 + $353,683 related

  • Tim Neep

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 48 related

  • Stacey Cue

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Gregory Ramirez

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Michael McCall

    Director of Benefits

    Total calculated
    $245,251
    From this org
    $158,195
    From related orgs
    $0
    Other
    $87,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,195
    Bonus
    $0
    Other
    $0
    Deferred
    $53,887
    Nontaxable benefits
    $33,169
    Filer's total
    $245,251

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 1a
The contract with the Director of Benefits states that the Director may upgrade to first-class travel if desired. The benefit is not included in taxable compensation. The Director did not utilize first-class travel in 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • International Union of Operating Engineers Local No 3

    501(c)(5) · Local Union · CA

  • Industrial Employers and Distributors Association

    501(c)(6) · Collective bargaining representative · CA

  • County of Alameda Retirees

  • County of Alameda

  • Alameda County Superior Court

  • Butte Water District

  • City of Clearlake

  • City of Corning

  • City of Dunsmuir

  • County of El Dorado

  • County of El Dorado Retirees

  • El Dorado County Transit Authority

  • City of Fremont

  • Hayward Area Rec Park Dist

  • Lake Co Emp Ass

  • City of Lakeport

  • Linda County Water District

  • Monterey Regional Waste Management

  • City of Newman

  • City of Oakdale

  • County of Plumas

  • Plumas County

  • City of Portola

  • San Mateo County Harbor Dist

  • San Mateo County

  • San Mateo County Retirees

  • Stanislaus County

  • City of Stockton

  • City of Stockton OMI EE's

  • Suisun City Police Association

  • Suisun City Hall

  • City of Ukiah

  • City of Vacaville

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513219349308826

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