Isas Group Benefits Trust

“The board through its bylaws, delegates broad authority to the executive director, and to a seven-member executive director to act on the board's behalf in between meetings.”

“Katie leto, a full-time benefit eligible employee of hockaday school and its trustee representative, is also a part-time employee of the independent school association of the southwest, reporting to scott griggs, the trustee representative of the association.”

“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 group 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.”

“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.”

“Seven-person executive committee reviews and accepts the form 990 prepared by third-party outside preparer; return is posted to board accessible website for download and review by all other members of governing board prior to executive director signing and submitting form 990 to irs.”

“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”

“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.”

“Other organization documents publicly available upon written request.”

“The finance committee is responsible for obtaining an independent audit of the trust on a periodic basis as determined by the trustees. This process has not changed from prior year.”