Talen Energy Bargaining Unit Retiree Group Life Ins Plan Tr

“The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is talen energy supply llc. The trust is administered by the plan sponsor in accordance with the terms of the trust agreement. As such, the veba does not have a governing body that exercises discretion.”

“A complete electronic copy of the trust's form 990 was provided to the trustee for review prior to filing with the irs.”

“Not applicable to this organization, as it is a 501(c)(9) trust (voluntary employee beneficiary association). Additionally, it does not have any employees, therefore no processes related to employee compensation.”

“Average hours per week devoted to position: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for talen energy bargaining unit retiree group life ins plan tr. These services require numerous individual bank employees/involvement in the activities of the organization and thus cannot be quantified on an hourly basis.”

“Therefore, the trustee fees are not based upon an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the bank of new york mellon's agreement with talen energy supply llc.”

“As a 501(c)(9) organization the trust is not required to make the documents referenced in question 19 available to the general public.”

“MODIFIED CASH BASIS”