Bna Cash Basis Veba Trust

Form 990, Part VI, Section A, Lines 1A & 1B

“JPMORGAN CHASE BANK, N.A. SERVES AS THE SOLE DIRECTED TRUSTEE OF THE BNA CASH BASIS VEBA TRUST. THE PLAN SPONSOR IS THE BOEING COMPANY. THE BNA CASH BASIS VEBA TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990, PART VI, SECTIONS A & B, LINES 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. FORM 990, PART VI, SECTION B, LINE 11A NO REVIEW WAS NOR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THE DOCUMENTS ARE AVAILABLE TO THE MEMBERS IN THE OFFICE. FORM 990 PART VII COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE JPMORGAN CHASE BANK N.A. PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR BNA CASH BASIS VEBA TRUST. THEIR 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 RATE BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THEIR AGREEMENT WITH THE BOEING COMPANY. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS In 2016, it was determined that from 2011-2014 there were Medicare Part B premiums (MPBR) being paid out of the Boeing BNA Prefunded VEBA (ein 25-1775305) that should have been paid out of the BNA Cash Basis VEBA (ein 25-6317149). The amounts reported on line 9 represents the inter-fund transfer made to correct for this. FORM 990, PART XII, LINE 1 MODIFIED CASH BASIS. FORM 990, PART XII, LINE 2C THE INDIVIDUAL VEBA TRUST IS NOT SEPARATELY AUDITED, HOWEVER IT IS INCLUDED IN THE CONSOLIDATED AUDIT OF THE PLAN.”