Ugi Utilities Inc Retiree Welfare Plan

“The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is ugi utilities, inc. The trust is administered by ugi utilities, inc in accordance with the terms of the trust agreement. As such, the veba does not have a governing body that exercises discretion.”

“A complete electronic copy of the organization's Form 990 was provided to the Trustee for review prior to filing with the IRS.”

“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.”

“As it is 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 provides administrative services such as acting as investment manager for ugi utilities, inc. Retiree welfare plan. 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 ugi utilities, inc.”

“Ugi utilities, inc. Retiree welfare plan is a voluntary employees' beneficiary association under 501(c)(9) that provides retiree benefits under a single employer employee benefit plan. The veba serves merely as a funding vehicle under the plan and all administrative matters are undertaken by the plan administrator of the plan or by the employer as grantor under the trust. The following items are not applicable to the organization and have been answered either with "n/a" or a "no" response.”

“MODIFIED CASH BASIS”