Public Employee Press: PEP Talk
Annual Reports to Fund Membership
Health and Security Plan Trust
District Council 37, AFSCME
New York Public Library
This is a summary of the annual report of the DC 37 – New York Public Library Health & Security Plan Trust, EIN 13-3378857, Plan No. 501, health plan, for period July 01, 2020 through June 30, 2021. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).
Board of Trustees District Council 37 New York Public Library Health & Security Plan Trust has committed itself to pay certain claims incurred under the terms of the plan.
Basic Financial Statement
The value of plan assets, after subtracting liabilities of the plan, was $13,947,060 as of June 30, 2021, compared to $12,059,406 as of July 01, 2020. During the plan year the plan experienced an increase in its net assets of $1,887,654. 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 $5,476,695, including employer contributions of $3,865,488, employee contributions of $1,697, earnings from investments of $1,581,573, and other income of $27,937.
Plan expenses were $3,589,041. These expenses included $231,966 in administrative expenses, and $3,357,075 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:
- An accountant’s report;
- Financial information;
- Information on payments to service providers;
- Assets held for investment;
- Transactions in excess of 5% of the plan assets;
To obtain a copy of the full annual report, or any part thereof, write or call the office of Board of Trustees District Council 37 New York Public Library Health & Security Plan Trust at 55 Water St, New York, NY 10041, or by telephone at 212.815.1294. The charge to cover copying costs will be $0.00 for the full annual report, or $0.00 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, 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. The charge to cover copying costs given above does not include a charge for the 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 (Board of Trustees District Council 37 New York Public Library Health & Security Plan Trust, 55 Water St, New York, NY 10041) 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 N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.