Grinnell College Medical Benefit Plan

“The grinnell college medical benefit plan trust does not have any committees with authority to act on behalf of the governing body.”

“The form 990 was made available for review to all trustees prior to filing with the irs. Any questions and comments were addressed prior to filing.”

“The grinnell college medical benefit plan trust has adopted all governance and management policies of the trustees of grinnell college, a related organization. Officers and trustees are required to report any conflicts of interest under the policies of the trustees of grinnell college. Any conflicts must be disclosed in writing before entering into the transaction to the executive committee of the board of trustees. A transaction may not be entered into until approved by a vote of at least two-thirds by the executive committee. The executive committee shall report to the board of trustees on all conflict of interest transactions considered by it at each meeting of the board and, if requested by the executive committee, the board shall consider whether to ratify the actions of the executive committee with respect to any such conflict of interest transaction. A conflict of interest transaction may only be ratified by the affirmative vote by at least two-thirds of the trustees present and voting at a meeting of the board duly called and held after the executive committee has received the disclosure. Each current member of the board of trustees and each officer shall file a statement in july of each year with the treasurer certifying that he or she has read, and is familiar with the terms of, this conflict of interest policy, and either (a) setting forth and describing any possible conflicts of interest which may have arisen or occurred in the fiscal year of the college ending june 30, or which may be expected to arise or occur during the fiscal year beginning july 1, or (b) that he or she knows of no such possible conflict of interest. Key employees must annually complete the campus conflict of interest disclosure statement which is reviewed by a committee consisting of members from the human resources, treasurer and dean's offices, respectively.”

“The grinnell college medical benefit plan trust does not have any employees and therefore the process of determining compensation is not applicable. The trustees of grinnell college, a related organization, does have such a process in place.”

“The grinnell college medical benefit plan trust will provide copies of the irs form 990, audited financial statements, and trust agreement to the public upon request to the plan administrator. Policies are available on the grinnell college website.”

“Claims administration expenses 585,556. Stop loss premiums 956,794. Wellness programming 83,794.”