2025-01-15T10:16:12-06:00 2024-02-29 952302617 SINGERLEWAK LLP 500 ALA MOANA BLVD 2 302 HONOLULU HI 96813 990 2023-03-01 990208030 HAWAII INSULATORS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN HAWA 8084418600 1440 KAPIOLANI BLVD 800 HONOLULU HI 96814 BERNARD ALVAREZ - LABOR TRUSTEE RONALD LABANON JR MGT TRUSTEE 8084418600 2025-01-13 0 JUDITH CHOCK P01072809 8085336254 2023 2024-10-15 13:58:12Z X BERNARD ALVAREZRONALD LA 1440 KAPIOLANI BLVD 800 HONOLULU HI 96814 2632775 0 X N/A X 1979 HI TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT AND SEVERENCE BENEFITS TO ELIGIBLE PARTICIPANTS. THE PLAN IS A MULTIEMPLOYER PLAN. 6 0 73 0 0 0 0 0 308385 268176 33720 4319 0 0 342105 272495 0 0 166450 300497 3981 7766 0 0 0 89105 97838 259536 406101 82569 -133606 1954385 1883488 15609 1389 1938776 1882099 TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT AND SEVERENCE BENEFITS TO ELIGIBLE PARTICIPANTS. 0 0 300497 SUPPLEMENTAL UNEMPLOYMENT AND SEVERANCE BENEFITS. 300497 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 0 1 73 1 0 0 0 0 0 0 0 0 X 6 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X PACIFIC ADMINISTRATORS INC 8084418600 1440 KAPIOLANI BLVD SUITE 800 HONOLULU HI 96814 X RONALD LABANON JR MANAGEMENT TRUSTEE 0.50 X 0 0 0 ROSS INOUYE MANAGEMENT TRUSTEE 0.50 X 0 0 0 GARY SILVA MANAGEMENT TRUSTEE 0.50 X 0 0 0 CHAD MORALES MANAGEMENT TRUSTEE (ALTERN 0.50 X 0 0 0 DOUGLAS FULP LABOR TRUSTEE 0.50 X 0 0 0 BERNARD ALVAREZ LABOR TRUSTEE 0.50 X 0 0 0 LEROY REFORMINA LABOR TRUSTEE 0.50 X 0 0 0 RODNEY YOSHIKAWA LABOR TRUSTEE (ALTERNATE) 0.50 X 0 0 0 BRENT PASCUA MANAGEMENT TRUSTEE (ALTERN 0.50 X 0 0 0 0 0 0 0 0 0 0 0 EMPLOYER CONTRIBUTIONS 900099 268176 268176 268176 50206 50206 2314393 2360280 -45887 -45887 -45887 272495 222289 0 50206 300497 7766 56938 1223 21885 8817 1103 2360 4831 DATA PRESERVATION FEES 352 CONSULTANT FEES 236 MISCELLANEOUS EXPENSE 93 406101 22537 13876 338660 75915 34580 17659 1558608 1776038 1954385 1883488 15609 1389 15609 1389 X 1938776 1882099 0 0 0 0 1938776 1882099 1954385 1883488 -133606 76929 0 X X 0 1 X 1 0 0 TAXES WITHHELD 1389 1389 X 340607 76929 76929 263678 8817 8817 272495 397284 0 397284 8817 8817 406101 PART X, LINE 2: THE AUDITED FINANCIAL STATEMENTS CONTAIN THE FOLLOWING DISCLOSURE PERTAINING TO FIN 48 (ASC 740): "THE TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED JUNE 1, 1983, 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 TAXES HAVE BEEN RECORDED IN 2024 OR 2023 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 HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND 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 IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND CONCLUDED THAT AS OF FEBRUARY 29, 2024 AND FEBRUARY 28, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND UNION TRUSTEE REPRESENTATIVES BEFORE SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEWS POLICY AND DISCUSSES ANY ARISING ISSUES/QUESTIONS WITH LEGAL COUNSEL. TRUSTEES ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE MADE AVAILABLE TO PARTICIPANTS UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN THE REVIEW PROCESS FROM THE PRIOR YEAR. THE BOARD OF TRUSTEES SELECTS AN INDEPENDENT AUDITOR. THE ADMINISTRATOR REVIEWS THE FINANCIAL STATEMENTS. BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINANCIAL STATEMENTS. AMENDED RETURN FORM 990, PART I, LINES 9, 10, 12, 17, 18, 19, 20, 21, AND 22: AMOUNTS REFLECT NEW TOTALS FROM PART VII, IX AND X. FORM 990, PART III, LINES 4A AND 4E: CHANGED FROM $0 TO $300,497. TO REFLECT UPDATED PROGRAM SERVICE REVENUE INFORMATION RECEIVED AFTER THE ORIGINAL FILING. FORM 990, PART IV, LINES 11F AND 12A: CHANGED FROM NO TO YES. TO REFLECT THE AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. FORM 990, PART VIII, LINES 2A AND 2G: CHANGED FROM $285,096 TO $268,176. TO REFLECT UPDATED PROGRAM SERVICE REVENUE INFORMATION RECEIVED AFTER THE ORIGINAL FILING. FORM 990, PART VIII, LINE 7(A) CHANGED FROM $0 TO $2,314,393 AND LINE 7(B) CHANGED FROM $0 TO $2,360,280 TO REFLECT TRANSACTION AMOUNTS. FORM 990, PART VIII, LINE 7C AND 7D: CHANGED FROM $-45,603 TO $-45,887. TO REFLECT ADDITIONAL AMOUNT OF INVESTMENT SALE INCLUDED AFTER THE ORIGINAL FILING. FORM 990, PART VIII, LINE 12(A): CHANGED FROM $289,699 TO $272,495. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 2A, 2G, AND 7 AS NOTED ABOVE. FORM 990, PART VIII, LINE 12(B): CHANGED FROM $239,493 TO $222,289. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 2A, 2G, AND 7 AS NOTED ABOVE. FORM 990, PART IX, LINE 11A: CHANGED FROM $0 TO $56,938. TO REFLECT RECLASSIFYING CONTRACT ADMINISTRATOR FEES. FORM 990, PART IX, LINE 13: CHANGED FROM $1,102 TO $1,103. TO CORRECT FOR ROUNDING ERROR. FORM 990, PART IX, LINE 24: ADMINISTRATOR FEES OF $56,938 WAS MOVED FROM LINE 24 TO LINE 11A. FORM 990, PART IX, LINE 25: CHANGED FROM $406,100 TO $406,101. TO REFLECT NEW TOTALS DUE TO CHANGE IN LINE 13 AS NOTED ABOVE. FORM 990, PART X, LINE 4(B): CHANGED FROM $34,580 TO $17,659. TO REFLECT RECIVABLES EXCLUDED AFTER THE ORIGINAL FILING. FORM 990, PART X, LINE 11(B): CHANGED FROM $1,713,907 TO $1,776,038. TO REFLECT ADDITIONAL INVESTMENTS INCLUDED AFTER THE ORIGINAL FILING. FORM 990, PART X, LINE 16(B): CHANGED FROM $1,838,278 TO $1,883,488. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 4 AND 11 AS NOTED ABOVE. FORM 990, PART X, LINE 25: CHANGED FROM $15,903 TO $1,389. TO REFLECT DECREASE IN TAX LIABILITIES AFTER THE ORIGINAL FILING. FORM 990, PART X, LINE 26: CHANGED FROM $15,903 TO $1,389. TO REFLECT NEW TOTALS DUE TO CHANGE IN LINE 26 AS NOTED ABOVE. FORM 990, PART X, LINE 29: CHANGED FROM $1,822,375 TO $1,822,099. TO REFLECT FUND DIFFERENCES UPDATED AFTER THE ORIGINAL FILING. FORM 990, PART X, LINE 32: CHANGED FROM $1,822,375 TO $1,822,099. TO REFLECT NEW TOTALS DUE TO CHANGE IN LINE 29 AS NOTED ABOVE. FORM 990, PART X, LINE 33: CHANGED FROM $1,838,278 TO $1,883,488. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 26 AND 32 AS NOTED ABOVE. FORM 990, PART XI, LINE 1: CHANGED FROM $289,699 TO $272,495. AMOUNT REFLECTS NEW TOTAL FROM PART VIII. FORM 990, PART XI, LINE 2: CHANGED FROM $406,100 TO $406,101. TO CORRECT FOR ROUNDING ERROR. FORM 990, PART XI, LINE 3: CHANGED FROM $116,401 TO $-133,606. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 1 AND 2 AS NOTED ABOVE. FORM 990, PART XI, LINE 5: CHANGED FROM $0 TO $76,929. TO REFLECT UNREALIZED GAIN NOTED AFTER THE ORIGINAL FILING. FORM 990, PART XI, LINE 10: CHANGED FROM $1,822,375 TO $1,822,099. TO REFLECT NEW TOTALS DUE TO CHANGE IN LINE 6 AS NOTED ABOVE. FORM 990, PART XII, LINE 2B AND 2C: CHANGED FROM NO TO YES. TO REFLECT THE INFORMATION FROM AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. SCHEDULE D, PART X: CHANGED FROM $14,514 TO $0. AMOUNT WAS REMOVED TO REFLECT THE UPDATED LIABILITIES PER AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. SCHEDULE D, PART XI, LINE 1: CHANGED FROM $0 TO $340,607. AMOUNT REFLECTS REVENUE PER AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. SCHEDULE D, PART XI, LINES 2A AND 2E: CHANGED FROM $0 TO $76,929. TO UNREALIZED GAIN NOTED AFTER THE ORIGINAL FILING. SCHEDULE D, PART XI, LINE 3: CHANGED FROM $0 TO $263,678. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 1 AND 2E AS NOTED ABOVE. SCHEDULE D, PART XI, LINES 4A AND 4C: CHANGED FROM $0 TO $8,817. TO REFLECT INVESTMENT EXPENSES NOTED AFTER THE ORIGINAL FILING. SCHEDULE D, PART XI, LINE 5: CHANGED FROM $0 TO $272,495. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 3 AND 4C AS NOTED ABOVE. SCHEDULE D, PART XII, LINE 1: CHANGED FROM $0 TO $397,284. AMOUNT REFLECTS EXPENSES PER AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. SCHEDULE D, PART XII, LINE 3: CHANGED FROM $0 TO $397,284. TO REFLECT NEW TOTALS DUE TO CHANGE IN LINE 1 AS NOTED ABOVE. SCHEDULE D, PART XII, LINE 4A AND 4C: CHANGED FROM $0 TO $8,817. AMOUNTS REFLECT UPDATED AMOUNTS FROM SCHEDULE D, PART, XI, LINE 4A. SCHEDULE D, PART XII, LINE 5: CHANGED FROM $0 TO $406,101. TO REFLECT NEW TOTALS DUE TO CHANGES IN LINES 3 AND 4C AS NOTED ABOVE. SCHEDULE D, PART XIII: ADDED PARAGARPH REGARDING AUDITED FINANCIAL STATEMENTS DISCLOSURES REGARDING FIN 48 PER AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE ORIGINAL FILING. HAWAII INSULATION INDUSTRY IMPROVEMENT FUND 1188 BISHOP STREET SUITE 1003 HONOLULU HI 96813 571136722 TO IMPROVE THE INSULATION INDUSTRY THROUGH VARIOUS PROGRAMS SUCH AS EDUCATIO HI 501(C)(6) N/A N/A 0 HAWAII INSULATORS HEALTH & WELFARE PLAN 1440 KAPIOLANI BLVD STE 800 HONOLULU HI 96814 996017123 PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS HI 501(C)(9) N/A N/A 0 HAWAII INSULATORS PENSION PLAN 1440 KAPIOLANI BLVD STE 800 HONOLULU HI 96814 516103706 PROVIDE PENSION BENEFITS TO ELIGIBLE PARTICIPANTS HI 401(A) N/A N/A 0 HAWAII INSULATORS SUPPLEMENTAL PENSION PLAN 1440 KAPIOLANI BLVD STE 800 HONOLULU HI 96814 990206924 PROVIDE SUPPLEMENTAL PENSION BENEFITS TO ELIGIBLE PARTICIPANTS HI 401(A) N/A N/A 0 HAWAII INSULATORS TRAINING PLAN 1440 KAPIOLANI BLVD STE 800 HONOLULU HI 96814 237108342 PROVIDE TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS HI 501(C)(5) N/A N/A 0 HAWAII INSULATORS VACATION & HOLIDAY PLAN 1440 KAPIOLANI BLVD STE 800 HONOLULU HI 96814 990167566 PROVIDE VACATION AND HOLIDAY BENEFITS TO ELIGIBLE PARTICIPANTS HI 501(C)(9) N/A N/A 0 SEE SCHEDULE R SUPPLEMENTAL INFORMATION SEE SCHEDULE R SUPPLEMENTAL INFORMATION SEE SCHEDULE R SUPPLEMENTAL INFORMATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE R, PARTS II, III, IV THE FILING ORGANIZATION IS A TAFT-HARTLEY MULTIEMPLOYER PLAN THAT PROVIDES SUPPLEMENTAL UNEMPLOYMENT, SEVERANCE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE TERMS SET FORM IN THE TRUST AGREEMENT, RULES AND REGULATIONS OF THE PLAN, AND COLLECTIVE BARGAINING AGREEMENTS. THE ADMINISTRATOR'S OFFICE MAINTAINS A DATABASE OF THESE CONTRIBUTING EMPLOYERS INCLUDING THE NAMES, ADDRESSES, AND OTHER CONTACT INFORMATION. HOWEVER, THE LEGAL STRUCTURE (CORPORATION, PARTNERSHIP, ETC) FOR EACH CONTRIBUTING EMPLOYER IS NOT ON FILE WITH THE ADMINISTRATOR'S OFFICE AND COULD NOT BE REASONABLY OBTAINED. AS A RESULT, THE CONTRIBUTING EMPLOYERS COULD NOT BE SEPARATED BY TYPE OF ORGANIZATION. HOWEVER, THEY ARE LISTED BELOW: ACUTRON LLC ALOHA STATE INSULATION, LLC. BRANDSAFWAY SERVICES, LLC. ISLAND INSULATION R&L OHANA INSULATION INC.