United Mine Workers of America Combined

“Business relationships: trustees michael o. Mckown, micheal w. Buckner, and paul b. Piccolini are trustees of the united mine workers of america 1993 benefit plan, united mine workers of america 1992 benefit plan, and united mine workers of america prefunded benefit plan.”

“Election or Appointment of Governing Pursuant to the United Mine Workers of America Combined Benefit Fund Agreement and Declaration of Trust, the Fund is administered by a Board of seven trustees, two of whom are appointed by the Bituminous Coal Operators' Association ("BCOA"), two of whom are appointed by the United Mine Workers of America ("UMWA"), and three of whom are appointed jointly by the BCOA and the UMWA. The UMWA may remove the Trustees appointed by it, at any time and for any reason, the BCOA may remove the Trustees appointed by it, at any time and for any reason, and the UMWA and the BCOA may remove the Trustees appointed by them jointly, at any time for any reason. In the event of resignation, death, removal, inability or unwillingness to serve of a Trustee, the party(s) who appointed that Trustee shall appoint a successor. The UMWA designates one Trustee to serve as Co-Chairman and the BCOA designates one Trustee to serve as Co-Chairman.”

“Form 990 Review Process: The Trustees, management staff, and legal counsel of the plan have extensively reviewed the prepared Form 990 prior to signing and filing the form with the Internal Revenue Service.”

“Conflict of Interest Policy Compliance: The United Mine Workers of America Combined Benefit Fund requests staff, on an annual basis, to review the organization's conflict of interest policy, to provide a list of potential conflicts of interest to management and to declare that, to the best of their knowledge, they have no other potential conflicts of interest.”

“Compensation review and approval process: the umwa combined benefit fund ("the plan") receives administrative services jointly with other health and pension plans serving retirees of the coal mining industry. These plans are collectively referred to as the umwa health & retirement funds ("the funds"). Pursuant to administrative service agreements, the umwa 1974 pension trust serves as master administrative entity for the other plans and employs the administrative staff of the funds. Compensation of the executive director and other key staff officers, including heads of all staff departments, is determined by the board of trustees of the 1974 pension trust after consultation with the board of trustees of the plan and other boards of trustees of plans among the funds. Neither the executive director nor any officer serves on the plan's or any of the funds' boards of trustees. Compensation of the executive director and all key staff officers (as well as all other staff employees) is determined based upon results of periodic surveys and analysis conducted by expert outside consultants who gather and review compensation data from comparable positions at comparable organizations. The most recent such survey and analysis was conducted by aon hewitt in july 2021. The reports and supporting documentation of outside compensation consultants and the memoranda and minutes reflecting the board of trustees' review of these reports and their establishment of compensation of the executive director and other key staff officers all constitute the contemporaneous documentation of decisions regarding the compensation arrangement, and all are maintained as part of the records of the plan and the funds.”

“Public availability of documents: the organization makes its governing documents, conflict of interest, whistle blowing and financial statements available to the public by providing copies upon request or inspection at the office of the organization.”

“Estimated amount of other compensation from filing and related organization: $12,825 included in other compensation represents amounts calculated by the plan actuary as the annual increase in actuarial value of qualified defined benefits from the filing organization and related organizations. These amounts reported are not actual outlays of compensation to the trustees and officers.”

“OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $ (240,386) post-retirement changes, non-periodic pension cost $ 226,206 pension-related changes, non-periodic pension cost ------------ $ (14,180) TOTAL OTHER CHANGES IN NET ASSETS/FUND ============”