Rfms Inc Medical Benefit Plan Trust

“Ronald wilson and donald e. Fike each are partners and/or shareholders in lb properties, inc. (an s-corporation), and edwin enterprises, llc (a partnership). Donald e. Fike owns a greater than 35% interest in both of these entities. Ronald wilson and donald e. Fike are also co-owners of north street apartments, a 14-unit apartment building . The rfms, inc. Medical benefit plan trust makes no payments to lb properties, inc., edwin enterprises, llc, or north street apartments.”

“The nature of the entity does not require regularly scheduled and structured meetings of the trustees. The purpose of the entity is to act as a conduit for medical benefit premiums to be used for payment of medical claims of the participants. The trustees oversee the receipt of premiums and the payment of benefits as required, and also make certain that the third party administrator fulfills its responsibilities.”

“The nature of the entity does not require regularly scheduled and structured meetings of the trustees. The purpose of the entity is to act as a conduit for medical benefit premiums to be used for payment of medical claims of the participants. The trustees oversee the receipt of premiums and the payment of benefits as required, and also make certain that the third party administrator fulfills its responsibilities.”

“Each trustee receives a paper copy of form 990 for their review and comment prior to its filing.”

“A paper copy of form 990 is provided upon request. The organization's form 990 is also available via the guidestar.org website.”

“The organization does not make its governing documents and financial statements available to the public except through public filing requirements.”

“A conflict of interest policy is not required for this entity. The trustees receive no payments or compensation from the rfms, inc. Medical benefit plan trust. They are employed by rfms, inc. Rfms, inc. Provides administrative services to the plan free of charge.”

“The trustees devote a portion of the average hours per week to the related organizations listed on schedule r. However, the actual hours attributable to these related organizations is not specifically tracked. The hours reported in column b are a reasonable estimate, and each trustee normally devotes less than one hour per week to the rfms, inc. Medical benefit plan trust.”

“The third party administrator for the rfms, inc. Medical benefit plan trust files joint forms 1099 for all plans under their administration.”

“Transfer of assets to plan a health care plan trust (ein: 36-7742028) -3,551,552.”