[§87D-4]  Annual report.  (a)  The trust
shall publish an annual report with respect to every employee welfare benefit
plan to which this chapter applies.  The report shall be filed with the
department of accounting and general services and the respective departments of
the counties as their interests may appear.



(b)  The annual report shall contain the
following:



(1)  The number of employees, retirees, and other
persons covered by the plan;



(2)  The name and address of each fiduciary;



(3)  Except in the case of a person whose compensation
is minimal and who performs solely ministerial duties, the name of each person
(including but not limited to any consultant, broker, trustee, accountant,
insurance carrier, actuary, administrator, investment manager, or custodian who
rendered services to the plan or who had transactions with the plan) who
received directly or indirectly compensation from the plan during the preceding
plan year for services rendered to the plan or its participants, the amount of
such compensation, the nature of the person's services to the plan or its
participants, the person's relationship to the employee organization, and any
other office, position, or employment that the person holds with a party in
interest;



(4)  An explanation of the reason for any change in
appointment of any trustee, accountant, insurance carrier, enrolled actuary,
administrator, investment manager, or custodian; and



(5)  A financial statement that meets the requirements
of this chapter.



The annual report shall contain any other
information required by Title 29 United States Code sections 1001-1191, as
amended, and related regulations.



(c)  The financial statement of the annual
report shall contain the following information with respect to an employee
welfare benefit plan:



(1)  A statement of assets and liabilities;



(2)  A statement of changes in fund balance;



(3)  A statement of changes in financial position;



(4)  A statement of receipts and disbursements during
the preceding twelve-month period;



(5)  A schedule of all assets held for investment
purposes;



(6)  A schedule of each transaction involving a person
known to be a party in interest;



(7)  A schedule of all loans or fixed income
obligations which were in default as of the close of the plan's fiscal year or
were classified during the year as uncollectible;



(8)  A list of all leases that were in default or were
classified during the year as uncollectible;



(9)  If some or all of the assets of the plan or plans
are held in a common or collective trust maintained by a bank or similar
institution or in a separate account maintained by an insurance carrier or a
separate trust maintained by an insurance carrier or a separate trust
maintained by a bank as trustee, the most recent annual statement of assets and
liabilities of such common or collective trust, and in the case of a separate
account or a separate trust, such other information as is required by the
administrator in order to comply with this chapter; and



(10)  A schedule of each reportable transaction.



The financial statement shall contain any other
information required under Title 29 United States Code sections 1001-1191, as
amended, and [related] regulations. [L 2005, c 245, pt of §2]