A summary of the annual report for the Brotherhood of Locomotive Engineers & Trainmen Disability and Welfare Benefit Trust Fund appears below. The summary contains important information about your rights under the plan and the Act, which should be read and retained for future reference.
Summary Annual Report for
Brotherhood of Locomotive Engineers and Trainmen
Disability and Welfare Benefit Trust Fund
This is a summary of the annual report for the Brotherhood of Locomotive Engineers and Trainmen Disability and Welfare Benefit Trust Fund, 30-0262584/501, for 01/01/2006 through 12/31/2006. The annual report has been filed with the Employee Benefits Security Administration as required under the Employee Retirement Income Security Act of 1974 (ERISA).
The plan has a contract with Metropolitan Life Insurance Company to pay certain temporary disability claims incurred under the terms of the plan. The total premiums paid for the plan year ending 12/31/2006 were $6,653,459.
The value of plan assets, after subtracting liabilities of the plan, was $3,233,305 as of 12/31/2006, compared to $2,098,517 as of 01/01/2006. During the plan year the plan experienced an increase in its net assets of $1,134,788. This increase includes unrealized appreciation or 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. The plan had total income of $8,031,474, including employer contributions of $7,724,000 and earnings from investments of $307,474. Plan expenses were $6,896,686. These expenses included $135,946 in administrative expenses and $6,760,740 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 or call the office of the Brotherhood of Locomotive Engineers and Trainmen Disability and Welfare Benefit Trust Fund, who is Plan Administrator, at 1370 Ontario Street, Standard Building Mezzanine, Cleveland, OH, 44113-1702, (216) 241-2630. The charge to cover copying costs will be $2.75 for the full annual report, or $0.25 per page for any part thereof.
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, if any, or a statement of income and expenses of the plan and accompanying notes, if any, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes, if any, will be included as part of that report. The charge to cover copying costs given above does not include a charge for copying of these portions of the report because these portions are furnished without charge.
You also have the legally protected right to examine the annual report at the main office of the plan at 1370 Ontario Street, Standard Building Mezzanine, Cleveland, OH, 44113-1702 and at the U.S. Department of Labor in Washington DC, or 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 N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, NW, Washington DC 20210.
© 2007 Brotherhood of Locomotive Engineers and Trainmen