Plan a Health Care Plan Trust

“The nature of the entity does not require regularly scheduled and structured meetings with 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 with 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 trustees receive a paper copy of form 990 for their review and comment prior to its filing.”

“A copy of the governing documents and financial statements are available upon request for the same period of disclosure as set forth in irc section 6104(d).”

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

“A conflict of interest policy is not required for this entity. The trustees receive no payments or compensation from the plan a health care plan trust. The trustees are employed by rfms, inc., an unrelated organization, and 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 are not specifically tracked. The hours reported in column b are a reasonable estimate, and the trustees normally devote less than one hour per week to the plan a health care plan trust.”

“The organization is not subject to unrelated business income tax on investment income under section 512(a)(3)(e)(iii). Substantially all of the contributions to the plan a health care plan trust are made by employers who were exempt from tax throughout the 5-taxable-year period ending with the taxable year in which the contributions are made.”

“The third party administrator for the plan a health care plan trust files joint forms 1099 for all plans under their administration.”

“The process for oversight of the audit and selection of independent accountant is that the two trustees make arrangements for the audit, however the organization does not have a separate audit committee.”