Constellation Employees Benefit Trust

“Members participate in the sponsor health benefit plans and receive medical benefits from the funded veba.”

“The organization uses a cpa firm to prepare form 990. The return is reviewed by constellation accounting, corporate benefits and legal departments. The return is reviewed by the parties who administer the health and welfare plans that are funded by the organization and manage the assets of the organization. As such all responsible governing bodies review and approve the return prior to filing.”

“All parties responsible for plan assets are subject to the constellation conflict of interest policy. Constellation regularly monitors compliance with its conflict of interest policy. Form 990, part vi, section b, line 15: the organization does not pay any compensation. Consequently lines 15a and 15b are not applicable to this organization.”

“The organization makes its form 1024, form 990, governing documents, conflict of interest policy and financial statements available upon request.”

“This organization is a voluntary employees' beneficiary association trust under irc 501(c)(9). This organization funds healthcare benefits provided under certain health and welfare plans sponsored by constellation energy generation, llc for its employees and their eligible dependents. This organization follows constellation's corporate policies where applicable including proper documentation of all actions taken on behalf of the plan.”

“Intra-plan transfers -2,772,000. Net assets transferred from exelon 623,000.”

“The amount reported on form 990, part x, line 6 consists of receivables of $4,157,811 due from contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations. Per irs 990 instructions, schedule l, part ii is not required to be completed.”