Wtia Employee Benefit Trust

“The Trust has directly contracted with the WTIA to provide marketing, sales, and financial services, as well as a license to the WTIA's trademarks and membership data and the associated goodwill, and access to the WTIA's membership list and contact information. The Trust has directly contracted with HR Benefits, Inc., the WTIA's wholly owned subsidiary, to provide administrative, marketing, sales, advisory, monitoring and compliance services. HR Benefits, Inc., has subcontracted with a third-party administrator (Vimly Benefit Solutions, Inc.) to provide eligibility and administrative services.”

“Initially, Trustees were appointed by the Washington Technology Industry Association (WTIA) president and confirmed by the WTIA's executive committee. The Trustees have the authority to either increase or decrease the size of the Board of Trustees. In the event of a termination, resignation, death or vacancy of a Trustee, any new or successor Trustee will be provisionally appointed by the current Trustee(s). In the event there are no current Trustees, an additional or successor Trustees will be provisionally appointed by WTIA. In making the appointment, the remaining Trustee(s) or WTIA will attempt to select an individual from one of the participating employers, it being the intent that the Trustees, as a group, constitute a fair representation of the participating employers. Notice of the provisional appointment will be mailed by the administrative office to all participating employers and will become final thirty (30) days after such notice unless, in the meantime, participating employers representing 51 percent of the participating employees should object, in writing, to the appointment. In the event such an objection is filed, the Trustees will conduct a referendum election among all of the participating employers. Each employer may submit the name of one nominee and in the referendum each employer will be entitled to one vote. Each vote will be weighted, however, by the number of the employer's employees participating in the Trust (as measured by the number of employees reported on the employer's reporting form received by the Trust in the month prior to the month of the election). The nominee who receives the largest number of votes will be declared the new Trustee. The current Trustees or WTIA will have full authority to make the arrangement for the election, including the adoption of any election rules which they may deem appropriate. The costs of the election will be chargeable to the Trust. Each successor Trustee will acknowledge, in writing, his or her acceptance of appointment as successor Trustee. acknowledge, in writing, his or her acceptance of appointment as successor Trustee. acknowledge, in writing, his or her acceptance of appointment as successor Trustee. appointment as successor Trustee.”

“Form 990 is reviewed by the trust chair, advisors and consultants for review before filing.”

“Governing documents are made available upon request through the trust's third party administrator.”

“Trustees are not compensated by the trust. Compensation paid to trustees who are employed by related organizations is properly reported on the employer annual tax filings. Please contact the administrator office if you have any questions.”