Veba Trust Agreement Btwn General Dynamics Corp & the Northern Trust Co

“Review of form 990 an accounting firm prepares forms 990 from data provided by trustee northern trust company. The returns are reviewed by human capital processes group at general dynamics. The returns are sent to the trustee before filing for signature.”

“Documents as a 501(c)(9) organization, the trust is not required to make the documents referenced in question 19 available to the general public. Form 990, part vii, section a, line 1, col b average hours per week devoted to position as trustee, northern trust provides administrative services such as acting as investment manager for 'veba trust agreement btwn general dynamics corp & the northern trust co'. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the northern trust's agreement with 'general dynamics'.”

“On october 1, 2018, 'veba trust agreement btwn general dynamics corp & the northern trust co' (the trust) merged into another voluntary employees beneficiary association plan. The trust filed an extension for the final short period return for the period ending october 1, 2018 on march 15, 2019. However, the trust account was not closed until december 31, 2018. Therefore, the trust is filing its final return for the calendar year ending december 31, 2018 rather than october 1, 2018. Form 990, part iii, line 3 cessation of services on october 1, 2018, 'veba trust agreement btwn general dynamics corp & the northern trust co' merged into another voluntary employees beneficiary association plan, 'the general dynamics is&t retiree benefits trust' (ein: 36-7237991). As of december 31, 2018, all assets and liabilities have been transferred to the successor organization and the filing organization has been terminated, thereby ceasing all activities. Form 990, part vi, section a, line 8 meetings held and actions undertaken by governing body northern trust company is the institutional trustee of this voluntary employees' beneficiary association under irc 501(c)(9) formed to fund certain welfare benefits of current and former employees of general dynamics. There are no meetings of the governing body or committees to document. Part vi, section b, line, 12-15 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.”

“Other changes in net assets or fund balances assets transfered to/from the surviving trust, the general dynamics is&t retiree benefits trust (36-7237991) interportfolio transfers in $ 11,300,000 interportfolio transfers out $(11,738,512) security transfers out $(75,774,459) misc cash receipts $ 10,000,352 misc cash disbursements $(11,686,295) ------------- $(77,898,914) ------------- form 990, part xii, line 1 accounting method modified cash.”