Uaw Retiree Medical Benefits Trust

“Detail of business relationships for some or all of the 2024 calendar year, mike booth, rich boyer, chuck browning, and shawn fain were all members or officers of the international union, united automobile, aerospace and agricultural implement workers of america ("uaw"). Gerald bantom is a retired officer of the uaw and appointed by the uaw president. --------------------”

“Detail of members or stockholders the uaw members who are appointed to the uaw retiree medical benefits trust's (the "trust") governing body ("the committee") serve at the discretion of the uaw international president and may be removed or replaced, and a successor designated, at any time by written notice from the uaw president to the committee of the trust. --------------------”

“Form 990 review process a professional tax preparer is engaged to prepare the form 990. The trust's chief financial officer, tax director and external counsel review the form 990 prior to submitting to the audit subcommittee of the trust for their review. A copy of form 990 is provided to the trust's governing body (the "committee") for review prior to finalization and filing with the internal revenue service. The independent cpa firm preparing the return is made available for committee members to ask questions. --------------------”

“Conflict of interest policy the trust's conflict of interest policy is applied to all employees and committee members. Each of these individuals must disclose certain ownership interests, compensation arrangements and board memberships to the trust's compliance official upon commencement of their role and periodically thereafter regarding material changes in their disclosures. The trust's compliance officer reviews all conflict of interest disclosure forms. If a conflict of interest exists, recusals may be appropriate. --------------------”

“Compensation process upon formation and periodically thereafter, the trust has engaged independent consultants and executive search firms to consult with members of the committee to establish staffing needs, job requirements, compensation benchmarks and salary ranges. The independent consultants initially worked with the committee chariman and then subsequently with the other members of the committee to identify neccesary job positions, develop an organization chart, prepare job descriptions, assign a pay grade to each position, and benchmark salary surveys for various job positions. Salary surveys considered health care organizations, investment management firms, and other trust organizations. This benchmark data is used by the committee to establish and approve compensation offered to the trust's senior leadership, including the ceo, cfo and cio, as well as establishing pay ranges for each lower pay grade. The committee is advised on a periodic basis of staffing status and activities. --------------------”

“Documents availability to the public the trust makes many of its governing documents available on its website, and it periodically distributes certain governing documents to plan participants and beneficiaries. The conflict-of-interest policy and financial statements are generally available for inspection upon written request made directly to the trust. --------------------”

“Additional information regarding the institutional trustee reported in addition to acting as trustee, state street bank & trust provides various other services to the trust, including investment, management, custodian and administrative services. Total asset custody fees paid to state street bank & trust for the tax year ended december 31, 2024 was $3,384,167. --------------------”

“Additional information regarding the revenues/expenses reported this form 990 is for the trust and encompasses three plans. The form 990 is reported at the trust level and includes the sum of the financial statements for these three plans. --------------------”

“Foreign countries where bank accounts are held colombia, costa rica, cyprus, czech republic, egypt, ghana, greece, guernsey, hong kong, hungary, indonesia, israel, ivory coast, japan, kenya, kuwait, malaysia, mauritius, morocco, namibia, nigeria, oman, pakistan, panama, peru, philippines, poland, qatar, romania, russia, slovakia, south korea, spain, taiwan, thailand, tunisia, turkey, uganda, united arab emirates, united kingdom, uruguay, vietnam, zimbabwe - see additional attachment for form 990, part v, line 4b for additional foreign countries where bank accounts are held --------------------”