American Electric Power System Black Lung Benefits Trust

“The bank of new york mellon serves as the sole directed trustee of american electric power system black lung benefits trust. The trust sponsor is american electric power service corporation. The trust is administered by the trust sponsor in accordance with the terms of the trust agreement, including provisions specifying a narrow range of permissible investments. As such, the trust 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)(21) 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 positions: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for the american electric power system black lung benefits trust. 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's fees are not based upon 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 the american electric power service corporation.”

“The FMV of the trust assets as of 1/1/2024 (the beginning of AEP's taxable year) was $7,384,442.”

“MODIFIED CASH BASIS”