2024-08-19T11:27:17-05:00 2024-02-29 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-03-01 111889115 UFCW LOCAL 312 BENEFIT FUND UFCW 7325491010 400 STATE ROUTE 34 SUITE D MATAWAN NJ 07747 SCOTT LONANO FUND ADMINISTRATOR 7325491010 2024-08-19 1 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2023 2024-08-08 14:25:15Z SCOTT LONANO 400 STATE ROUTE 34 SUITE D MATAWAN NJ 07747 1917487 0 X UFCW312.ORG/SITE/BENEFITFUND X 1962 NJ TO PROVIDE ANCILARY BENEFITS, SUCH AS, CRITICAL ILLNESS AND ACCIDENT, DENTAL, OPTICAL, LEGAL AND DEATH BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR FAMILIES. 2 0 6 0 0 0 0 0 1730469 1684968 22644 31411 75284 72330 1828397 1788709 0 0 712711 768480 716555 762920 0 0 0 389113 393007 1818379 1924407 10018 -135698 1626777 1411023 479938 376908 1146839 1034115 TO PROVIDE ANCILARY BENEFITS, SUCH AS, CRITICAL ILLNESS AND ACCIDENT, DENTAL, OPTICAL, LEGAL AND DEATH BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR FAMILIES. 0 0 TO PROVIDE ANCILARY BENEFITS, SUCH AS, CRITICAL ILLNESS AND ACCIDENT, DENTAL, OPTICAL, LEGAL AND DEATH BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR FAMILIES. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 7 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X SCOTT LONANO 7325491010 400 STATE ROUTE 34 SUITE D MATAWAN NJ 07747 ROBERT LASALLE TRUSTEE 40.00 X 0 381250 46737 BRIAN POWERS TRUSTEE 0.00 X 0 0 0 SCOTT LONANO FUND ADMINISTRATOR 40.00 X 265500 2400 46997 265500 383650 93734 1 0 1 0 0 EMPLOYERS' CONTRIBUTIO 900099 1684968 1684968 1684968 26032 26032 134157 128778 5379 5379 5379 REIMBURSEMENTS 900099 66278 66278 PPP LOAN FORGIVENESS 900099 5401 5401 COBRA PAYMENTS 900099 651 651 72330 1788709 1757298 0 31411 768480 265500 293181 71952 102941 29346 30000 27400 9237 98500 26158 3893 100488 685 6985 16932 STATIONARY, PRINTING & 30832 AUTO EXPENSE 23402 TELEPHONE 11903 SUPPLIES 6404 188 1924407 259571 59196 213999 248677 18743 23197 68616 50128 25473 18488 657903 703051 451088 358414 1626777 1411023 44355 33999 435583 342909 479938 376908 X 0 0 0 0 1146839 1034115 1146839 1034115 1626777 1411023 -135698 22974 0 X X 0 1 X 1 0 33508 17067 16441 13205 12532 673 21903 20529 1374 18488 DEPOSITS 15505 RIGHT OF USE ASSET 342909 358414 LEASE LIABILITIES 342909 342909 X 1736168 22974 22974 1713194 9237 66278 75515 1788709 1848892 -66278 -66278 1915170 9237 9237 1924407 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S NET ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND THE PLAN'S MANAGEMENT BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO OPERATE AS DESIGNED. 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 EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF FEBRUARY 28, 2024 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: REIMBURSEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: REIMBURSEMENTS X 0 0 0 ROBERT LASALLE TRUSTEE 0 381250 0 0 0 0 0 21000 0 25737 0 427987 0 0 SCOTT LONANO FUND ADMINISTRATOR 265500 2400 0 0 0 0 16884 0 30113 0 312497 2400 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS A BOARD OF TRUSTEES THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE PLAN'S SUMMARY PLAN DESCRIPTION AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE PLAN'S OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A BOARD OF TRUSTEES THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE ELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UFCW LOCAL UNION 312 400 STATE ROUTE 34 SUITE D MATAWAN NJ 07747 454480818 LABOR UNION OFFICE ORGANIZING MEMBERS, ARBITRATION OF DISPUTES AND LABOR CON NJ 501(C)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 UFCW LOCAL UNION 312 Q 66278 COST SHARING ALLOCATION