Nn Retirees Benefit Trust

“The organization has members who are beneficiaries of the veba (trust) and received reimbursement of eligible medical expenses in accordance with the hra plan document although no such reimbursements occured during the current year due to the prior termination of the hra plan”

“The veba committee has the authority to appoint and remove, employ and discharge, and prescribe the duties and fix the compensation, if any, of all officers, agents, and third party service providers of the trust.”

“Form 990 is distributed to each member of the veba committee. The committee meets to discuss and approve the form 990 before it is filed.”

“The trust agreement, hra plan documents and other governing documents are not made available to the public. Beneficiaries or the trust (and participants in the hra plan) may request copies of hra plan documents and the form 5500.”

“Until september 1, 2017 the trust sponsored and maintained a health reimbursement arrangement (hra) plan which was intended to meet the requirements of irs notice 2002-45 and which provided for the reimbursement of eligible medical expenses for participants of the hra plan in accordance with plan documents. The hra plan was terminated effective september 1, 2017 and the trust was subsequently terminated effective november 30, 2017.”

“The trust did not have any employees, but filed a form w-3 (transmittal of wage and tax statements) with respect to certain taxable cash payments made to trust beneficiaries following the termination of the hra plan, which, pursuant to irs guidance, were subject to tax withholding.”