Aww Co Inc & Its Designated Sub

“The board of directors of american water works company, inc. Appoints the members of the retirement/benefits committee. The committee members serve on a voluntary basis as the individual trustees of the organization.”

“The form 990 is reviewed by the benefits committee.”

“American water works co, inc maintains a code of ethics that governs the actions of the benefits committee members. The code requires that conflicts of interest be avoided, requires annual certification of compliance and includes a "no retaliation" policy regarding reports of violations.”

“Employees receive a summary plan document (spd) when hired. A summary annual report (sar) is distributed annually. The code of ethics on the company's internet and intranet sites, hard copies are available through the hr department. All other documents are available upon request.”

“This veba trust pays the institutional trustee and other independent contractors by the service rendered.”

“The trust is a voluntary employee's beneficiary association (the "veba") established by american water works company inc. (the company). The company and participants fund the veba solely to provide group insurance, employee assistance and long-term disability benefits to the company's employees, as well as coverage for pre-65 union retirees. The group insurance plan, (medical, dental, prescription, vision, group life insurance, short term disability and accidental death and dismemberment benefits) and the employee assistance plan are provided to all full-time permanent employees and, as permitted under the plan, to dependents. The long-term disability plan provides its benefits to the company's non-bargaining unit employees. The pre-65 union retirees plan provides coverage for pre-65 union retirees and dependent coverage for pre-65 dependents of pre-65 union retirees.”

“Change in claims payable comparing with 2024 and 2023 327,680.”

“The accounting method is modified cash. An annual audit is conducted by an independent auditor for american water works company, inc and its designated subs. And affil group insurance plan (plan). The plan includes this veba as well as other vebas reported on schedule r.”

“No change from the prior year.”