Benefits Data Trust

“The organization ceased operations on october 7, 2024 as a result of filing for chapter 7 bankruptcy. As of this date, all employees, officers and directors were terminated. Control over assets and management duties cutomarily performed by or under the direct supervision of officers, directors, trustees or key employees were delegaed to lynn e. Feldman, esq., who was appointed chapter 7 bankruptcy trustee as of october 7, 2024. See attached petition.”

“The organization adopted a resolution on september 18, 2024 to file for chapter 7 bankruptcy. On october 7, 2024, the organization ceased operations and filed for chapter 7 bankruptcy with the united states bankruptcy court in the eastern district of pennsylvania. See attached petition.”

“The organization filed for chapter 7 bankruptcy on octoer 7, 2024 and lynn e. Feldman, esq. Was appointed chapter 7 bankruptcy trustee. As a result, all governance decisions are reserved for the trustee along with custody of the organization's assets.”

“990 review the form 990 is prepared by the independent accountant and reviewed by the chapter 7 bankrputcy trustee.”

“New employees are required to review bdt's conflict of interest policy and execute a conflict of interest form disclosing any potential conflicts of interest. Any future conflicts of interest are to be disclosed, and discussed with their supervisor. If a conflict of interest is identified, it would be assessed initally by bdt's associate director of quality compliance, and also by bdt's director of human resources, cfo, and ceo as needed and appropriate actions would be taken to ensure that the conflicts were resolved. As of july 1, 2018, employees sign a conflict of interest statement annually. Bdt board members also sign a conflict of interest form upon appointment to the board and annually. If any conflicts of interest are identified, that board member refrains from participating in the governing body's deliberations and decisions as it pertains to any affected transactions.”

“When setting the compensation for the ceo, the board used the 990s of other organizations along with available market data (e.g. Payscale), and the full board voted on the written contract. The outside firm that ran the search also provided valuable competitive input.”

“Availability of documents the organization provides its governing documents, conflict of interest policy, and financial statements upon request.”

“For top management, the 990s of other organizations and available market data are also discussed and the decisions are made by the ceo with full consultation from the cfo and director of human resources. The outside firms that have conducted the searches also provide valuable competitive input.”

“The organization ceased operatoins as of october 7, 2024 and filed for chapter 7 bankruptcy. All officers, directors and employees were terminated on or before this date.”

“The organization ceased operations as of october 7, 2024 and filed a voluntary petition for relief under chapter 7 of the bankruptcy code with the united bankruptcy court for the eastern district of pennsylvania, at which time lynn e. Feldman, esq. Was appointed as chapter 7 bankruptcy trustee. Although operations have ceased, as of december 31, 2024 assets remained for the distribution of claims, which will begin to be paid out in 2025. It is expected that the 2025 return will be final. See attached bankruptcy petition.”

“The organization ceased operations as of october 7, 2024 and filed for chapter 7 bakruptcy. As a result, all employees were terminated by this date.”