Granite State Electric Co Ret Ben Tr for Union Employees

“The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is national grid usa service company inc. The trust is administered by the investment committee of the plan sponsor in accordance with the terms of the trust agreement. As such, the veba does not have a governing body that exercises discretion.”

“These questions are not applicable to the trust. Additionally, the trust does not have any employees, therefore, no processes related to employee compensation are in place.”

“A complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs.”

“As a 501(c)(9) organization the trust is not required to make the documents referenced in question 19 available to the general public.”

“Average hours per week devoted to position: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for granite state co post ret ben for union. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis. Therefore, the trustee fees are not based upon an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the bank of new york mellon's agreement with national grid usa service company inc.”

“Granite State Electric Co Post Ret Benft Niagra Mohawk Represented Health VEBA was dissolved as of August 1, 2024. Assets were transferred to the successor VEBA trust.”

“Distribution to successor veba trust - $348,622,592 total - $348,622,592”

“MODIFIED CASH BASIS”