Pennsylvania Hosp Ud

“The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is pennsylvania hospital of the university of pennsylvania health system. The trust is administered by the plan sponsor in accordance with the terms of the trust agreement. As such, the trust does not have a governing body that exercises discretion. Form 990 part vi section a & b line 8, 12-15 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. For 990 part vi section b line 11b a complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs. Form 990 part vi section c line 19 the trust will make these documents available to the public upon written request. Form 990 part vii section a line 1a column (b) average hours per week devoted to position: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for pennsylvania hospital u/d. These services require numerous individual bank employees' involvement in the activities of the organization and thus can not be quantified on an 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 pennsylvania hospital of the university of pennsylvania health system.”

“Other changes in net asstes or fund balances cash transfer to plan sponsor (1,244,932)”

“THE TRUST TERMINATED DURING THE YEAR AND TRANSFERRED ALL ASSETS TO THE PLAN SPONSOR, Pennsylvania Hospital of University of Pennsylvania Health System, an exempt organization under IRS 501(c)(3).”