Transco Master Employee Welfare Benefits

“The governing body of the veba is the sole trustee, bokf, na, and it is the only member of the governing body. Thus, no votes are taken since the organization does not have its own board of directors or officers.”

“There were no meetings held. As stated in part vi, section a, line 1a and 1b, the governing body of the veba is the sole trustee, bokf, na.”

“There were no meetings held. As stated in part vi, section a, line 1a and 1b, the governing body of the veba is the sole trustee, bokf, na.”

“Form 990 is prepared by an outside accounting firm. The return is then provided to employees of the trustee, bokf, na, for their review. The trustee's employees review the form and then sign it for filing.”

“The veba does not have a written conflict of interest policy, a written whistleblower policy, or a document retention and destruction policy. The veba has no officers, directors, or employees. However, the benefit plan(s) for which the veba provides funds are governed by erisa and these laws have strict requirements as to fiduciary duties and responsibilities. Additionally, the williams companies, inc. (williams), the sponsor of the plan(s) for which the veba trust provides funds, does have a written conflict of interest policy, a policy for internal reporting and non-retaliation policy (whistleblower policy), and a records and information policy for document retention and destruction. These policies are to be followed by all williams' employees.”

“Certain governing documents (excluding a conflicts of interest policy) and the financial statements are made available for inspection at one williams center, tulsa, ok and copies are provided upon request to participants and beneficiaries of any plans funded by the veba trust.”

“For purposes of section 512 of the internal revenue code of 1986, as amended (the "code"), the transco master employee welfare benefits trust hereby elects to be treated as one fund, under the permissive aggregation provisions of code section 419a(h)(1)(b), with the northwest pipeline voluntary employees' beneficiary association, all of which are welfare benefit funds of a single "employer".”