This is the summary annual report for the ITPEU Health & Welfare Fund, EIN 58-1236802, Plan number 501 for the period July 1, 2023 to June 30, 2024. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic Financial Statement

The value of plan assets, after subtracting liabilities of the plan, was $69,847,645 as of June 30, 2024, compared to $62,873,425 as of July 1, 2023. During the plan year the plan experienced an increase or (decrease) in its net assets of $6,974,220.

This increase or (decrease) 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.

During the plan year, the plan had total income of $68,273,842 including:

• Employer contributions of $63,073,991
• Employee contributions of $55,887
• Realized gains or (losses) of $-294,485 from the sale of assets
• Earnings from investments of $5,438,449

Plan expenses were $61,299,622. These expenses included:

• $5,499,807 in administrative expenses
• $55,799,815 in benefits paid to participants and beneficiaries
• $0 in other expenses

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:

• Financial information and information on payments to service providers
• Assets held for investment
• Transactions in excess of 5% of plan assets
• Information regarding any common or collective trusts, pooled separate accounts, master trusts or 103-12 investment entities in which the plan participates

How to obtain copies

To obtain a copy of the full annual report, or any part thereof, write or call the office of ITPEU Health & Welfare Fund, who is the plan administrator:

These portions of the report are furnished without charge.

Examination Rights

You also have the legally protected right to examine the annual report at:

Main office of the plan:

Plan Sponsor:

And at the U.S. Department of Labor in Washington, D.C., or obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: