First Financial Bancorp Health Care Plan

“The trust is not administered by a committee. The trustee and members of the talent management department properly documents all actions taken with respect to the trust.”

“An outside consulting firm, clark schaefer hackett, was retained to prepare the form 990. Once a draft of the form 990 is completed, the draft form 990 is provided to the trustee and talent management department. The form 990 is reviewed by the trustee and the talent management department prior to filing. Irregularities are identified and comments are provided to clark schaefer hackett for revisions.”

“Employees of first financial bancorp, the sponsor of the first financial bancorp healthcare plan and parent corporation of the trustee, are covered by the first financial bancorp code of conduct (all employees) and code of ethics for the ceo and senior financial officers, which include a conflict of interest policy. First financial bancorp consistently monitors and enforces compliance with the code of conduct and code of ethics.”

“No officers were compensated during the tax year.”

“The code of conduct and code of ethics are available from the company's website. The trust governing documents, financial statements and exemption letter are available upon request. The form 990, form 5500 and audit report for the plan are available through multiple free on-line services such as freeerisa.com, guidestar.org, efast.dol.gov and upon request.”

“Effective december 20, 2015, the trust was terminated, and all funds held in the trust were distributed for payment of benefits prior to termination. Benefit programs are now funded by the company. The plan is subject to the provisions of the employee retirement income security act of 1974 (erisa). Prior to january 1, 1994, first financial bank, n.a. (first financial bank), a wholly owned subsidiary of the company, provided retiree health care coverage to full-time associates retiring at age 62 or above, who had ten or more years of service. Effective january 1, 1994, first financial bank, n.a. No longer offers any health care coverage to retiring associates. No other subsidiaries of the company currently offer health care coverage to retired associates.”

“Liquidation of trust by paying out claims or administrative expenses 1,024,424.”

“The company's human resources department and finance department review the form 5500 and related audit report prepared for the first financial bancorp healthcare plan. There is no management committee designated to review the audit report. The auditor engaged to perform the form 5500 audit is selected by the audit committee of the board. This process did not change from prior years.”