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IBEX LOCAL UNION NO. 915 HEALTH & WELFARE FUND DECEMBER 19, 2012, NEW CHINA HEALTHCARE PREFERRED PROVIDER ORGANIZATION(PPO) NETWORK SELECTED EFFECTIVE JANUARY 1, 2013, NEW PARTICIPANT IDENTIFICATION/PRESCRIPTION
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A health and welfare fund is a type of trust or fund set up by an employer or union to provide specific employee benefits, such as health insurance, dental coverage, disability benefits, etc.
Employers or unions who have set up health and welfare funds for their employees or members are generally required to file annual Form 5500 to report information about these funds to the IRS and the Department of Labor (DOL).
To fill out the health and welfare fund report (Form 5500), detailed information about the fund's financial activities, contributions, investments, and benefits provided must be gathered and accurately reported. This form can be filed electronically or on paper.
The purpose of a health and welfare fund is to provide eligible employees or members with various benefits related to their health, well-being, and welfare. These benefits are usually specified in the fund's plan document.
The health and welfare fund report (Form 5500) requires information about the fund's assets, income, expenses, contributions received, benefit payments made, participant data, and details about the fund's investments and financial transactions.
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