Public Service Enterprise Group Incorporated

“A complete electronic copy of the trusts form 990 was provided to the trustee for review prior to filing with the irs. Form 990, part vi, line 12a the trust does not maintain its own conflict of interest policy, but is subject to public service enterprise group incorporated's overall policy. Public service enterprise group incorporated does monitor and enforce compliance with its conflicts of interest policy. Form 990, part vi, line 13 the trust is subject to public service enterprise group incorporated's whistleblower policy. Form 990, part vi, line 14 the trust does not maintain its own document retention and destruction policy as it is subject to public service enterprise group incorporated's document retention and destruction policy. Form 990, part vi, line 15 not applicable to this organization, as it is a 501(c)(9) trust (voluntary employee benefits association). Additionally, it does not have any employees, therefore no processes related to employee compensation are in place.”

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

“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 public service enterprise group incorporated welfare trust. 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 public service enterprise group incorporated 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 public service enterprise group incorporated.”

“To provide a vehicle through which the company may contribute funds to the VEBA trust. The funds are used to provide for the payment of life, sickness, accident, or other benefits to employees or their beneficiaries. FORM 990, PART VI, SECTION A, LINES 1A & 1B THE BANK OF NEW YORK MELLON SERVES AS SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED. THE TRUST IS ADMINISTERED BY THE INVESTMENT COMMITTEE OF 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.”

“Description:consulting total fees:17000”