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FOR EQUITY-LEAGUE HEALTH TRUST FUND
This is a summary of the annual report of the EQUITY-LEAGUE HEALTH TRUST FUND, EIN 13-6092981, Plan No. 501, for period June 1, 2007 through May 31, 2008. The annual report has been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required under the Employee Retirement Income Security Act of 1974 (ERISA).. BOARD OF TRUSTEES OF THE EQUITY-LEAGUE HEALTH TRUST FUND has committed itself to pay certain claims incurred under the terms of the plan. Insurance Information The plan has contracts with MEDICA, HIP HEALTH PLAN OF NEW YORK, KAISER FOUNDATION HEALTH PLANS INC., PACIFICARE OF WASHINGTON, KAISER FOUNDATION HEALTH PLAN MID-ATLANTIC, KAISER FOUNDATION HEALTH PLAN OF COLORADO, PACIFICARE OF OREGON, AETNA INC. and CONNECTICUT GENERAL LIFE INSURANCE COMPANY to pay Health, HMO Contract, Dental, Stop loss claims incurred under the terms of the plan. The total premiums paid for the plan year ending May 31, 2008 were $6,840,490. Basic Financial Statement The value of plan assets, after subtracting liabilities of the plan, was $63,894,024 as of May 31, 2008, compared to $53,252,687 as of June 1, 2007. During the plan year the plan experienced an increase in its net assets of $10,641,337. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. During the plan year, the plan had total income of $63,934,101 including employer contributions of $44,832,363, employee contributions of $13,417,664 and other contributions of $3,092,790, realized gains of $1,233,148 from the sale of assets, and earnings from investments of $1,358,136. Plan expenses were $53,292,764. These expenses included $3,119,260 in administrative expenses and $50,173,504 in benefits paid to participants and beneficiaries. Your Rights To Additional Information You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report:
To obtain a copy of the full annual report, or any part thereof, write BOARD OF TRUSTEES OF THE EQUITY-LEAGUE HEALTH TRUST FUND, 165 WEST 46TH STREET 14TH FLOOR, NEW YORK, NY 10036-2501, (212) 869-9380. You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. You also have the legally protected right to examine the annual report at the main office of the plan (BOARD OF TRUSTEES OF THE EQUITY-LEAGUE HEALTH TRUST FUND, 165 WEST 46TH STREET 14TH FLOOR, NEW YORK, NY 10036-2501) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
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