Genesis Health System Workers Compensation Pl & Tr

“Genesis health system has the right to appoint all persons to the board of trustees of genesis health system workers' compensation plan and trust.”

“The trustees must obtain approval from genesis health system prior to performing the following acts: 1. Notifying the plan administrator of their intent to terminate the plan, and 2. Amending the plan.”

“Line 8b is answered "no" because the organization had no committees with authority to act on behalf of the governing body.”

“Prior to filing, the form 990 for genesis health system workers' compensation plan and trust is reviewed by management. Each member of the board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Genesis health system workers' compensation plan and trust has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of genesis health system workers' compensation plan and trust, which includes trustees and principal officers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of genesis health system workers' compensation plan and trust and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to the integrity and compliance officer, who collaborates with internal legal counsel to assess the conflict and identify a conflict management plan when necessary. Additionally, the integrity and compliance officer along with legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of trustees of genesis health system workers' compensation plan and trust on a yearly basis. Interested persons are required to make full disclosure to genesis health system workers' compensation plan and trust of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of trustees of genesis health system workers' compensation plan and trust is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of genesis health system workers' compensation plan and trust. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Questions 15a and 15b are answered "no" because the compensation for the officer of genesis health system workers' compensation plan and trust is paid and established by genesis health system. Each executive position is evaluated using a formal evaluation plan that is established by an outside consultant. The consultant uses a point system for job evaluation. The point values are based on "know how", "problem solving", "accountability", and other job attributes specific to the position. Once the point value is set for a position, market comparisons for jobs with the same organizational impact can be compared for salary purposes and pay ranges established. The design of the pay ranges for executives is based on market data. The midpoint of each pay range is established at the 50th percentile of the market comparisons. A minimum and maximum are established off the midpoint. Specific pay rates for executives are subject to the approval of the president, compensation committee and the board. Pay ranges are reviewed each year to determine the need for revision. When market conditions suggest an adjustment to pay ranges, data will be presented to the compensation committee for its review. The specific pay ranges are subjected to president, compensation committee, and board approval. The president has the authority and responsibility to establish and adjust the base compensation of each executive employed by the organization within the range approved by the compensation committee and board of directors.”

“Genesis health system workers' compensation plan and trust is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Genesis health system workers' compensation plan and trust's governing documents and conflict of interest policy are available upon request.”

“Due to the genesis health system merger with mercyone and trinity health, the organization's activity has been merged into trinity health corporation, the nonprofit health system's parent entity.”

“Consulting services: program service expenses 9,051. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,051.”

“Equity transfers to affiliates -6,610,298.”

“Genesis health system workers' compensation plan and trust's financial statements were included in the fy24 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”