Hunter Engineering Company Welfare Plan

“The president, as sole director of hunter engineering company welfare plan trust 1, has delegated the responsibility of the plan management to the vice president of finance and the director of human resources.”

“The welfare plan trust is the holding entity for funds contributed by hunter engineering company and covered employees for payment of their medical benefits. The contribution amounts are determined by hunter engineering based on historical data and projections by third party consultants. Independent agencies handle all claims payments and investment of funds. Once the contribution amounts are set, there is no need for further oversight or committee meetings. Claims are paid in accordance with plan documents.”

“Refer to line 8a explanation above.”

“Form 990 is prepared by the outside accounting firm on the basis of the audited financial statements and information provided by the board and/or its delegates. A copy of the 990 is provided to the vice president of finance and the director of human resources of hunter engineering company for review. Questions and/or concerns are addressed as may be needed. Form 990 is then submitted to irs for processing.”

“All plan participants are provided an annual statement detailing the changes to the plan along with certain financial information and instructions on how to obtain additional data.”

“The comprehensive health plan for eligible employees of hunter engineering company (the "plan") was established by hunter engineering company (the "company") to provide health insurance for its employees and their eligible dependents who meet the service and other requirements described in the welfare benefit plan adopted by the company. The plan is subject to the provisions of the employee retirement income security act of 1974 ("erisa"). The company, as plan administrator, retained the services of anthem blue cross blue shield ("bcbs") to administer the processing and payment of claims. The plan provided health benefits and prescription drug benefits for all eligible employees, covered dependents and beneficiaries on a self-insured basis. Plan assets were held in the hunter engineering company welfare plan trust account (the "trust account"). The trust account funded health claims paid by the plan. Effective october 22, 2019, the company began to pay all claims from the accounts of the company and the trust account was terminated. As such, effective december 31, 2019, the trust has ceased conducting program services and is filing a final form 990.”

“The organization has a committee that assumes responsibility for the oversight of the audit and the process has not changed from the prior year.”