Isas Group Benefits Trust

“Form 990, part vi, section b, line 11 seven-person executive committee reviews and accepts the form 990 prepared by third-party outside preparer; return is posted to board accessible website for access and review by all other members of governing board prior to executive director signing and submitting to irs.”

“Form 990, part vi, section b, line 12c annually requires each trustee and key employee to sign and disclose any relationship with organization vendors or related parties; requires trustees to disclose any conflict prior to considering new vendor relationships.”

“Form 990, part vi, section b, line 15a the executive committee serves in the capacity of a compensation committee and reviews performance of the executive director. The committee reviews salary survey prepared by the independent schools association of the southwest for reasonableness among school cfo's and seeks input from independent third-party benefits consultant for compensation adjustment benchmark in the benefits/insurance workforce. The executive committee makes a compensation recommendation and informs the full board of trustees prior to adopting the operating budget for the ensuing fiscal year.”

“Form 990, part vi, section c, line 19 available upon written request.”

“FORM 990, PART XII, LINE 2C No changes have been made to the procedure; the Trust Finance Committee serves in the role of an Audit Committee, selecting the independent auditor and REVIEWING and accepting the audit report.”

“Form 990, Part VI, Line 6 The trust is a Multiple Employer Welfare Arrangement (MEWA), which serves as a vehicle to provide health and welfare benefits to participating employers for their employees. The Participating Employers of the ISAS Benefit Trust are comprised of independent member schools which provide benefits to their employees via the Trust. The independent schools are considered members of the organization as they have the right to participate in the organization's governance by selecting an eligible employee to serve as a trustee of the organization's governing body.”

“Form 990, Part VI,Line 7(a) Each Participating Employer shall select one of its employees eligible to participate in the Plan to serve as its representative who shall be named its Trustee.”