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Skip Navigation LinksHome ยป Employers FASB Disclosures  
 

 FASB 715-80 Reporting Requirements

The following information should assist you and your financial accountants with the new FASB 715-80 disclosure requirements. Make certain that you review the information below carefully and use only the data that pertains to the pension fund to which your entity makes contributions.

Chicago Regional Council of Carpenters Pension Fund

The following is information is provided to assist you or your financial accountant in completing your annual financial statement disclosures:

  • The legal name of the Fund is the Chicago Regional Council of Carpenters Pension Fund. 
  • The Fund’s Employer Identification Number is 36-6130207 and the Plan Number is 001. 
  • For the Plan Year beginning July 1, 2017, the Fund was certified to be neither critical nor endangered (“Green Zone”).  The Fund has not utilized any extended amortization provisions that affect the calculation of this zone. 
  • Employer contributions representing more than five percent of total contributions to the Fund are disclosed on the Summary Plan Information Report (ERISA § 104(d) notice).

For future reference, please note that information set forth above, as well as much of the other information you require, can be found in the following documents: The Annual Funding Notice for the prior Plan year is issued in the fall each year and the Summary Plan Information Report for the prior Plan year is issued in the spring each year. Please make a point of retaining all future notices.  

Chicago Regional Council of Carpenters Millmen Pension Fund

The following is information is provided to assist you or your financial accountant in completing your annual financial statements disclosures:

  • The legal name of the Fund is the Chicago Regional Council of Carpenters Millmen Pension Fund. 

  • The Fund’s Employer Identification Number is 36-6605523 and the Plan Number is 001. 
  • For the Plan Year beginning July 1, 2017, the Fund was certified to be  endangered (“Yellow Zone”).  The Fund has not utilized any extended amortization provisions that affect the calculation of this zone.
  • Employer contributions representing more than five percent of total contributions to the Fund are disclosed on the Summary Plan Information Report (ERISA § 104(d) notice).

For future reference, please note that information set forth above, as well as much of the other information you require, can be found in the following documents: The Annual Funding Notice for the prior Plan year is issued in the fall each year and the Summary Plan Information Report for the prior Plan year is issued in the spring each year. Please make a point of retaining all future notices. 

Carpenters Local 496 Pension Fund

The following is information is provided to assist you or your financial accountant in completing your annual financial statement disclosures:

  • The legal name of the Fund is the Carpenters Local 496 Pension Fund 

  • The Fund’s Employer Identification Number is 36-2677681 and the Plan Number is 001. 
  • For the Plan Year beginning June 1, 2017, the Fund was certified in the "Green Zone", neither endangered nor critical.
  • The Fund has implemented a rehabilitation plan (as the term is defined by the Employee Retirement Income Security Act of 1974 ("ERISA")).
  • Employer contributions representing more than five percent of total contributions to the Fund are disclosed on the Summary Plan Information Report (ERISA § 104(d) notice).

For future reference, please note that information set forth above, as well as much of the other information you require, can be found in the following documents: The Annual Funding Notice for the prior Plan year is issued in the fall each year and the Summary Plan Information Report for the prior Plan year is issued in the spring each year. Please make a point of retaining all future notices. 

Additional Information:

To further assist you in complying with your financial disclosure obligations, the table below sets forth where the items required by the Financial Accounting Standard Board disclosure requirements relating to an Employer's participation in a multiemployer plan can be found:  

 

Reporting Requirement

 

Where to Obtain Information

Plan's Legal Name

Plan's Annual Funding Notice (Main Heading or Introduction)

Plan's Employer Identification Number and Plan Number

Plan's Annual Funding Notice (under "Where to Get More Information" at the end of the notice)

Most Recently Available Certified Zone Status

Plan's Annual Funding Notice, Plan's Summary Plan Information Report (ERISA § 104(d) notice), and Notice of Endangered or Critical Status (provided only if plan in endangered or critical status).

FIP/RP Status Pending/Implemented

Plan's Annual Funding Notice and Plan's Summary Plan Information Report (ERISA § 104(d) notice)

Employers with Contributions Exceeding 5% of Plan's Total Contribution

Plan's Summary Plan Information Report (ERISA § 104(d) notice)

Employer Contributions

Employer Records

Surcharge Imposed

Employer Records

Expiration Date(s) of Collective Bargaining Agreements

Employer Records

The information listed on this page as well as the links to the notices or reports listed above will be updated annually.

 

 
 

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