Equitable Resource Union Veba

“Pnc bank serves as directed trustee of equitrans midstream corporation veba. The benefits administrator is equitrans midstream corporation. The trust is administered by equitrans midstream corporation in accordance with the terms of the trust agreement. As such, the veba does not have a governing body that exercises discretion.on july 22, 2024, equitrans midstream corporation merged with and into the midstream company llc with the midstream company llc survivng. As a result, the midstream company llc is now the veba benefits administrator.”

“These questions are not applicable to this organization as it is a 501(c)(9) trust (voluntary employee benefits association). Additionally, it does not have any employees therefore no processes related to employee compensation.”

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

“Average hours per week devoted to position: as trustee, pnc bank provide administrative services such as acting as investment manager for the equitrans midstream corporation veba. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis but are calculated based upon factors such as the market value of the account and in accordance with pnc bank's agreements with equitrans midstream corporation. Form 990, page 6, part vi, line 19as.”

“As a 501(c)(9) organization, the trust is not required to make the documents referenced in question 19 available to the general public.”

“MODIFIED CASH BASIS”