Plan Sponsor Trust for Public Plan Sponsors in the State of Minnesota

“The governing body of the organization (the trust) consists of the contributing employer only, who executes all decision-making authority over the organization based on its own, internally determined decision-making authority. To the extent this decision-making authority is delegated to one or more individuals within the contributing employer entity, there are no published meeting minutes relating thereto.”

“The governing body consists of the contributing employer only, who executes all decision-making authority over the organization based on its own, internally determined decision-making authority. As the governing body, the contributing employer has elected not to delegate any part of its decision-making authority to one or more committees, and therefore, no meetings of committees occur.”

“The form 990 was prepared by the plan administrator (onebridge benefits inc.)draft copies of the form 990 were first provided to the representatives of the contributing employer (the governing body) for their review. Any questions or concerns raised by the representatives were addressed and any necessary revisions were made to the form 990. The final version of the form 990 was provided to the institutional trustee for final review and approval to file.”

“The entity does not have a conflict of interest policy or financial statements that are available to the public. Governing documents are retained by the contributing employer, which serves as the governing body for the organization, and a third-party administrator who provides non-discretionary, ministerial administrative services for the organization and the benefit plan funded through the organization. Governing documents, and forms 1024, 990, and 990-t (as applicable) for the organization are available to plan participants upon request made directly to the contributing employer or by calling the customer care center for the third party administrator at 1-888-865-1628.”

“Effective as of april 1, 2024, the original trustee, washington trust bank, resigned as trustee and was replaced by alta trust company, a trust company organized under the laws of south dakota and under regulation as a trust company by the south dakota banking department.”