Basf Corporation Employee Welfare Benefit

“The bank of new york mellon, n.a. Serves as sole directed trustee of this trust. The plan span sponsor is basf corporation. The trust is administered by six employees of basf corp and affiliates in accordance with the terms of the trust agreement. As such, the trust does not have a governing body that exercises discretion.”

“Do not apply as this organization is a voluntary employee benefits association 501(c)(9) trust. Additionally, the organization does not have any employees, therefore no processes related to employee compensation.”

“A complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs.”

“The plan has the same conflicts of interest policy, written whistleblower policy, & written documentation retention and destruction policy as that of basf corporation, the employer-provider of the plan.”

“As a 501(c)(9) 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 position: as trustee, the bank of new york mellon, n.a. Provides administrative services such as acting as investment manager for basf corporation employee welfare benefit 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 an hourly basis but are calculated based on factors such as the market value of the account and in accordance with their agreement with basf corporation.”

“MODIFIED CASH BASIS”