Gen Dynamics Advanced Tech Sys Rep Emplys Postretirement Health Benefit Trust

“Meetings held and actions taken by governing body northern trust company is the institutional trustee of this voluntary employees' beneficiary association under irc 501(c)(9) formed to fund certain welfare benefits of current and former employees of general dynamics. There are no meetings of the governing body or committees to document.”

“Review of form 990 an accounting firm prepares form 990 from data provided by trustee northern trust company. The return is reviewed by human capital processes group at general dynamics. The return is sent to the trustee before filing for signature. Form 990, part vi, section b, line 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.”

“Documents as a 501(c)(9) organization, the trust is not required to make the documents referenced in question 19 available to the general public. Form 990, part vii, section a, line 1, col b average hours per week devoted to position as trustee, northern trust provides administrative services such as acting as investment manager for 'the general dynamics is&t retiree benefits trust'. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot 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 northern trust's agreement with 'general dynamics'. Form 990, part xi, line 9 other changes in net assets or fund balances interportfolio transfers in $ 14,700,044 interportfolio transfers out $(14,700,000) misc cash disbursements $ (8,734) ------------- $ (8,690) -------------”

“Method of accounting modified cash.”