Mission
THIS WAS A WELFARE BENEFIT PLAN THAT PROVIDED SUPPLEMENTAL UNEMPLOYMENT BENEIFTS THROUGH A MULTIPLE EMPLOYER TRUST FUND ESTABLISHED UNDER SECTION 501(C) (17) OF THE INTERNAL REVENUE CODE. THE PLAN WAS NOT COLLECTIVELY BARGAINED AND DOES NOT APPLY TO EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS. CONTRIBUTIONS WERE PAID BY PARTICIPATING EMPLOYERS TO THE TRUST FUND AND PAID OUT TO THE ELIGIBLE PLAN MEMBERS IN 2019.THE TRUST FUND WAS INTENDED TO PROVIDE A DISTINCT LEGAL ENTITY INTO WHICH MONIES WERE CONTRIBUTED BY PARTICIPATING EMPLOYERS AND EMPLOYEES FOR THE EXCLUSIVE PURPOSE OF CREATING AND ADMINISTERING A SUPPLEMENTAL UNEMPLOYMENT BENEFIT PLAN FOR THE BENEFIT OF PARTICIPATING EMPLOYEES, AND THEIR BENEFICIARIES, AND FOR DEFRAYING REASONABLE EXPENSES OF ADMINISTRATION.