Genesis Health System Workers Compensation Pl & Tr

“Genesis health system (ghs iowa) has the right to appoint all trustees of genesis health system workers' compensation plan & trust.”

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

“Genesis health system workers' compensation plan & trust does not have any committees that have the authority to act on behalf of the governing body.”

“Internal management review is completed of the compiled information prior to preparation and review by rsm us llp. Following rsm us llp's preparation and review of the form 990 and prior to submitting the form 990 to the irs, the form 990 is provided to the board of directors for their review. Suggested changes from the review are considered for inclusion in the final form 990 submitted to the irs.”

“Any covered person, defined as any director, officer, or member of a board or board committee of genesis health system workers' compensation plan and trust (workers' compensation trust), or an affiliate, should disclose an interest or potential interest as soon as they become aware of a potential transaction that will be considered by management, the board, or a committee of the board. Covered persons are required annually to disclose any possible personal, family, or business relationships that reasonably could give rise to an interest or conflict involving workers' compensation trust, or an affiliate, or with respect to designated facilities and activities, and acknowledge by his or her signature that he or she is familiar with and is in compliance with the letter and spirit of this policy. Any covered person found to have a conflict of interest may make a presentation at the board or committee meeting to present information and address any questions raised by other directors or committee members. Said person shall not be allowed to actively and aggressively advocate in his or her own behalf nor shall such person advocate his or her position informally through private contact, communication and discussion with another director. After such presentation, the person shall leave the meeting during the discussion of, and the vote on, the applicable transaction or arrangement.”

“The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“Genesis health system (ghs iowa), genesis health system (ghs illinois), genesis medical center, aledo, genesis senior living, aledo, genesis philanthropy, genventures, inc., and genesis health services foundation are related organizations of genesis health system workers' compensation plan and trust. The amounts reported as reportable compensation for the officers, key employees, and highly compensated employees, unless otherwise noted elsewhere in part vii, are for services rendered on behalf of all organizations. It would be administratively impracticable for members of the governing board and the executive team to breakout their reportable compensation among each organization. All reportable compensation, unless otherwise noted in part vii, is paid by ghs iowa.”

“The oversight and selection process has not changed from the prior tax year.”