Civic Intelligence

Pg&E Postretirement Medical Plan Trust Non- Management Employees and Retirees

990 • Fiscal year 2021 • EIN 94-3148512

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileN/A
C/O The Bnym PO Box 535007Pittsburgh, PA 15253-5007

(412) 236-7175

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.04x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.24x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Top Officer Pay

13th percentile

$425,447

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • $1B+ nonprofits • Source year 2021

Asset Growth

11th percentile

0.2%

Faster asset growth than 11% of similar nonprofits.

2021 filings • $1B+ nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

100%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • $1B+ nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$2,216,040,179

Up $4,453,650 (+0.2%) from 2020

Net Assets

Up

$2,125,542,947

Up $55,057,918 (+2.7%) from 2020

Liabilities

Down

$90,497,232

Down $50,604,268 (-36%) from 2020

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin94th percentile

Revenue

Up

$382,034,563

Up $191,440,765 (+100%) from 2020

Expenses

Up

$103,799,365

Up $2,270,550 (+2.2%) from 2020

Net Income

Up

$278,235,198

Up $189,170,215 (+212%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2010: $1,099,037,634Liabilities 2010: $91,902,602Net Assets 2010: $1,007,135,0322010Assets 2011: $1,271,813,928Liabilities 2011: $134,663,804Net Assets 2011: $1,137,150,1242011Assets 2012: $1,787,404,166Liabilities 2012: $472,239,037Net Assets 2012: $1,315,165,1292012Assets 2013: $1,463,138,812Liabilities 2013: $116,049,913Net Assets 2013: $1,347,088,8992013Assets 2014: $1,602,831,625Liabilities 2014: $108,830,619Net Assets 2014: $1,494,001,0062014Assets 2015: $1,527,583,966Liabilities 2015: $96,717,785Net Assets 2015: $1,430,866,1812015Assets 2016: $1,607,452,197Liabilities 2016: $92,343,233Net Assets 2016: $1,515,108,9642016Assets 2017: $1,794,627,249Liabilities 2017: $112,907,534Net Assets 2017: $1,681,719,7152017Assets 2018: $1,667,126,504Liabilities 2018: $103,217,973Net Assets 2018: $1,563,908,5312018Assets 2019: $1,970,122,013Liabilities 2019: $120,689,013Net Assets 2019: $1,849,433,0002019Assets 2020: $2,211,586,529Liabilities 2020: $141,101,500Net Assets 2020: $2,070,485,0292020Assets 2021: $2,216,040,179Liabilities 2021: $90,497,232Net Assets 2021: $2,125,542,9472021Assets 2022: $1,641,915,307Liabilities 2022: $73,195,105Net Assets 2022: $1,568,720,2022022Assets 2023: $1,816,336,241Liabilities 2023: $159,010,313Net Assets 2023: $1,657,325,9282023Assets 2024: $1,824,474,570Liabilities 2024: $227,513,731Net Assets 2024: $1,596,960,8392024

Highlighted filing

2021

Assets$2,216,040,179
Liabilities$90,497,232
Net Assets$2,125,542,947
Open 2021 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$200M$0-$200M-$400MRevenue 2010: $111,719,662Expenses 2010: $39,910,537Net Income 2010: $71,809,1252010Revenue 2011: $180,311,783Expenses 2011: $41,162,060Net Income 2011: $139,149,7232011Expenses 2012: $37,897,1722012Revenue 2013: $83,039,220Expenses 2013: $34,918,633Net Income 2013: $48,120,5872013Revenue 2014: $121,064,042Expenses 2014: $90,243,415Net Income 2014: $30,820,6272014Revenue 2015: $133,195,777Expenses 2015: $92,045,758Net Income 2015: $41,150,0192015Revenue 2016: $133,548,407Expenses 2016: $97,916,059Net Income 2016: $35,632,3482016Revenue 2017: $139,458,278Expenses 2017: $102,362,390Net Income 2017: $37,095,8882017Revenue 2018: $169,212,910Expenses 2018: $101,451,144Net Income 2018: $67,761,7662018Revenue 2019: $191,029,639Expenses 2019: $102,833,268Net Income 2019: $88,196,3712019Revenue 2020: $190,593,798Expenses 2020: $101,528,815Net Income 2020: $89,064,9832020Revenue 2021: $382,034,563Expenses 2021: $103,799,365Net Income 2021: $278,235,1982021Revenue 2022: -$108,406,194Expenses 2022: $113,221,823Net Income 2022: -$221,628,0172022Revenue 2023: $39,856,966Expenses 2023: $113,347,341Net Income 2023: -$73,490,3752023Revenue 2024: $84,500,203Expenses 2024: $120,839,655Net Income 2024: -$36,339,4522024

Highlighted filing

2021

Revenue$382,034,563
Expenses$103,799,365
Net Income$278,235,198
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$382,034,651
Mission and Program Overview

Mission

To provide welfare benefits to eligible members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,070,485,029$2,125,542,947▲ $55,057,918
Investments in Publicly Traded Securities$1,984,445,144$2,032,135,639▲ $47,690,495
Accounts Receivable$143,369,095$84,404,433▼ $58,964,662
Savings and Temporary Cash Investments$36,321,704$61,766,588▲ $25,444,884
Investments Other Securities$44,767,662$34,649,037▼ $10,118,625
Cash and Non-Interest-Bearing Accounts$2,682,924$3,084,482▲ $401,558
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,211,586,529$2,216,040,179▲ $4,453,650
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$141,101,500$90,497,232▼ $50,604,268
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$141,101,500$90,497,232▼ $50,604,268
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,070,485,029$2,125,542,947▲ $55,057,918
Total Liabilities and Net Assets / Fund Balance$2,211,586,529$2,216,040,179▲ $4,453,650
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$425,447$425,447

Highest Paid Contractors

ContractorServicesLocationCompensation
Anthem BCAdministration120 Monument Circle, Indianapolis, IN 46204$3,363,928
Morneau ShepellAdmin. & Consulting134 North Lasalle Street Suite 2200, Chicago, IL 60602$739,631
Kaiser Permanente Insurance CompanyAdministration1 KAISER PLAZA, Oakland, CA 94612$528,408
NISA Investment Advisors LLCInvestment Mgmt.1 S Hanley Road, Saint Louis, MO 63105$278,745
BlackrockInvestment Mgmt.PO Box 9819, Providence, RI 02940$253,189
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$64,758,999
Investment Income
$312,174,232
Other Revenue
$5,101,332
Change in Net Assets
$278,235,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,965,570
Salaries, Compensation, and Employee Benefits$425,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$94,408,348
Fees for Service Investment Mgmnt Fees---$2,227,852
Current Officers, Directors, Trustees, and Key Employees---$425,447
Fees for Services Other---$211,275
Fees for Services Accounting---$35,207
Other Expenses---$23
Total Functional Expenses$0$0$0$103,799,365
International Activity

International Summary

Offices
0
Employees
0
Spending
$34,395,061

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$34,395,061
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Lines 1A & B

“The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is pg&e corporation. The trust is administered by the plan sponsor in accordance with the terms of the trust agreement. As such, the trust does not have a governing body that exercises discretion.”

Form 990, Part VI, Sections A & B, Lines 8, 12-15

“These questions are not applicable to the trust. Additionally, the trust does not have any employees, therefore, no processes related to employee compensation are in place.”

Form 990, Part VI, Section B, Line 11A

“A complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs.”

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VII, Section A, Line 1A, Column (B)

“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 pg&e postretirement medical plan trust non-management employees and retirees. 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 pg&e corporation.”

Filing and Contact Details

Filer

Filer Name
PG&E Postretirement Medical Plan Trust Non-
EIN
94-3148512
In Care Of
% THE BANK OF NEW YORK MELLON
Phone
4122367175
Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA 15253-5007

Signing Officer

Name
Brent Heintzelman
Title
VP, Bnym, as Trustee
Phone
4122367175
Signed
2022-11-14

Organization Details

Principal Officer
The Bank of New York Mellon
Formed
1991
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Austin L Bailey
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Adjustment to Beginning Net Assets $43,000 Transfer difference ($3).”

Form 990, Part XII, Line 1

“MODIFIED CASH BASIS”

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0141101500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt090497232
IRS990/AccountsReceivableGrp/BOYAmt0143369095
IRS990/AccountsReceivableGrp/EOYAmt084404433
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE WELFARE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/TotalAmt094408348
IRS990/BooksInCareOfDetail/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/BooksInCareOfDetail/PhoneNum04122367175
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 535007
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0152535007
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt02070485029
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt02125542947
IRS990/CashNonInterestBearingGrp/BOYAmt02682924
IRS990/CashNonInterestBearingGrp/EOYAmt03084482
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt013
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0425447
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt03363928
IRS990/ContractorCompensationGrp/CompensationAmt1739631
IRS990/ContractorCompensationGrp/CompensationAmt2528408
IRS990/ContractorCompensationGrp/CompensationAmt3278745
IRS990/ContractorCompensationGrp/CompensationAmt4253189
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0120 Monument Circle
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1134 North Lasalle Street Suite 2200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21 KAISER PLAZA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31 S Hanley Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO Box 9819
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0INDIANAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2OAKLAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3SAINT LOUIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4PROVIDENCE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4RI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd046204
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160602
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd294612
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd363105
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd402940
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Anthem BC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1Morneau Shepell
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2KAISER PERMANENTE INSURANCE COMPANY
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3NISA Investment Advisors LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm4Blackrock
IRS990/ContractorCompensationGrp/ServicesDesc0ADMINISTRATION
IRS990/ContractorCompensationGrp/ServicesDesc1ADMIN. & CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc2ADMINISTRATION
IRS990/ContractorCompensationGrp/ServicesDesc3INVESTMENT MGMT.
IRS990/ContractorCompensationGrp/ServicesDesc4INVESTMENT MGMT.
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt094408348
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0312174232
IRS990/CYOtherExpensesAmt08965570
IRS990/CYOtherRevenueAmt05101332
IRS990/CYProgramServiceRevenueAmt064758999
IRS990/CYRevenuesLessExpensesAmt0278235198
IRS990/CYSalariesCompEmpBnftPaidAmt0425447
IRS990/CYTotalExpensesAmt0103799365
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0382034563
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0TO PROVIDE WELFARE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt035207
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt0211275
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02227852
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0425447
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE (SEE SCHEDULE O)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0261758733
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0261758821
IRS990/GrossReceiptsAmt0382034651
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt050415499
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050415499
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt044767662
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt034649037
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01984445144
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02032135639
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt088
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO PROVIDE WELFARE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02070485029
IRS990/NetAssetsOrFundBalancesEOYAmt02125542947
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0261758733
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0261758733
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt042385
IRS990/NetUnrlzdGainsLossesInvstAmt0-223220277
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt042997
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION FEES
IRS990/OtherExpensesGrp/Desc1COMMISSION ON FUTURES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS FEES
IRS990/OtherExpensesGrp/Desc3ADR FEES
IRS990/OtherExpensesGrp/TotalAmt06454467
IRS990/OtherExpensesGrp/TotalAmt136655
IRS990/OtherExpensesGrp/TotalAmt291
IRS990/OtherExpensesGrp/TotalAmt323
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0FOREIGN CURRENCY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc2PARTNERSHIP INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05080694
IRS990/OtherRevenueMiscGrp/ExclusionAmt1976055
IRS990/OtherRevenueMiscGrp/ExclusionAmt2-1002253
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05080694
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1976055
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-955417
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt046836
IRS990/OtherRevenueTotalAmt05101332
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THE BANK OF NEW YORK MELLON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/BusinessCd2525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc2BENEFIT PAYMENT REFUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03538529
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151881172
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29339298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03538529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151881172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29339298
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt091536997
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131801696
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt09645454
IRS990/PYOtherRevenueAmt0-4457283
IRS990/PYProgramServiceRevenueAmt063249385
IRS990/PYRevenuesLessExpensesAmt089064983
IRS990/PYSalariesCompEmpBnftPaidAmt0346364
IRS990/PYTotalExpensesAmt0101528815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0190593798
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0278235198
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036321704
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061766588
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt034395061
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0true
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt034395061
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt034395061
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS PG&E CORPORATION. THE TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH, THE TRUST DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE QUESTIONS ARE NOT APPLICABLE TO THE TRUST. ADDITIONALLY, THE TRUST DOES NOT HAVE ANY EMPLOYEES, THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A 501(C)(9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR PG&E POSTRETIREMENT MEDICAL PLAN TRUST NON-MANAGEMENT EMPLOYEES AND RETIREES. 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 PG&E CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Adjustment to Beginning Net Assets $43,000 Transfer difference ($3).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 1A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTIONS A & B, LINES 8, 12-15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0943358729
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Utility Services
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0PG&E CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0One Market Spear Tower Ste 2400
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd094105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02211586529
IRS990/TotalAssetsEOYAmt02216040179
IRS990/TotalAssetsGrp/BOYAmt02211586529
IRS990/TotalAssetsGrp/EOYAmt02216040179
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0103799365
IRS990/TotalGrossUBIAmt046836
IRS990/TotalLiabilitiesBOYAmt0141101500
IRS990/TotalLiabilitiesEOYAmt090497232
IRS990/TotalLiabilitiesGrp/BOYAmt0141101500
IRS990/TotalLiabilitiesGrp/EOYAmt090497232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02070485029
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02125542947
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,216,040,179
Liabilities
$90,497,232
Net assets
$2,125,542,947
Revenue
$382,034,563
Expenses
$103,799,365
Net income
$278,235,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,824$228$1,597$84.5$121$36.3
2023Detailed filing. Detailed filing data is available for this year.$1,816$159$1,657$39.9$113$73.5
2022Detailed filing. Detailed filing data is available for this year.$1,642$73.2$1,569$108$113$222
2021Detailed filing. Detailed filing data is available for this year.$2,216$90.5$2,126$382$104$278
2020Detailed filing. Detailed filing data is available for this year.$2,212$141$2,070$191$102$89.1
2019Detailed filing. Detailed filing data is available for this year.$1,970$121$1,849$191$103$88.2
2018Detailed filing. Detailed filing data is available for this year.$1,667$103$1,564$169$101$67.8
2017Detailed filing. Detailed filing data is available for this year.$1,795$113$1,682$139$102$37.1
2016Detailed filing. Detailed filing data is available for this year.$1,607$92.3$1,515$134$97.9$35.6
2015Detailed filing. Detailed filing data is available for this year.$1,528$96.7$1,431$133$92.0$41.2
2014Detailed filing. Detailed filing data is available for this year.$1,603$109$1,494$121$90.2$30.8
2013Detailed filing. Detailed filing data is available for this year.$1,463$116$1,347$83.0$34.9$48.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,787$472$1,315$37.9
2011Summary only. Only limited summary data is available for this year.$1,272$135$1,137$180$41.2$139
2010Summary only. Only limited summary data is available for this year.$1,099$91.9$1,007$112$39.9$71.8