The Board of Trustees of the Trust retains the following professional organizations to efficiently facilitate and assist in the Trust management.
Trust Counsel is William H. Nichols, a Partner at the law firm Laner Muchin which is headquartered in Chicago, IL. Mr. Nichols has over thirty years of experience in employee benefits law.
Additional Legal Services
Additional legal services and collection of delinquent contributions and withdrawal liabilities are handled by the law firm of Tucker Arensberg, P.C., which is located in Pittsburgh, PA.
Third-Party Administrator (TPA):
Zenith American Solutions, Inc.
See below for more information
The Actuary’s main obligation is to perform the annual Actuarial Valuation of the Trust with the purpose of measuring and disclosing the current financial condition of the Trust, projecting the likely future financial condition of the Trust and to provide specific documentation and information required by the Federal Government and the Trust auditors.
The Actuarial Valuation establishes and analyzes Trust assets, liabilities, and Employer contributions, as well as measuring the Trust’s investment performance year over year using assumptions supplied by the Trust office and Auditors, such as plan provisions, employee data and actual financial information.
The Auditor examines the annual financial statements of the Trust, which comprise the statement of net assets available for benefit payments and the related statement of changes in net assets, in order to produce an opinion about whether the financial statements are free from material misstatement in accordance with auditing standards generally accepted in the United States of America.
The Northern Trust Company
The Custodian has physical possession of the Trust assets and is responsible for the safekeeping of the assets. The Custodian will perform actions such as making payments or trading securities, but only at the direction of the Investment Consultants.
The Investment Consultant offers the highest level of sophisticated financial/investment advice to address the complexities facing the trustees, investment committees and staff, with focus on the Investment Manager performance and diversification.
The Investment Managers invest in portfolios on behalf of the Trust, in accordance with the investment objectives and parameters defined by the Trust. The current Investment Managers, by investment style, are as follows: