Rand Retiree Medical Benefits Trust

“The trust was established to hold the assets to fund the post-retirement benefits payable under the rand corporation retiree group medical plan as well as such other employee welfare benefits as the company shall determine. The rand corporation is the institutional trustee and administrator of the trust. The trust does not have employees and pays no wages so having governing policies, like a conflict of interest, whistleblower policy, or document retention/destruction policy, is not considered to be applicable to this entity.”

“The trust was established to hold the assets to fund the post-retirement benefits payable under the rand corporation retiree group medical benefits plan as well as such other employee welfare benefits as the company shall determine. The rand corporation is the institutional trustee and administrator of the trust. The trust does not have employees and pays no wages. These questions are not considered to be applicable to the trust.”

“The trust was established to hold the assets to fund the post retirement benefits payable under the rand corporation retiree group medical plan as well as such other employee welfare benefits as the company shall determine. The rand corporation is the institutional trustee and administrator of the trust. The trust does not have employees or governing policies or a board. The rand corporation has such policies and documents such meetings with its governing board.”

“The trust was established to hold the assets to fund the post retirement benefits payable under the rand corporation retiree group medical plan as well as such other employee welfare benefits as the company shall determine. The rand corporation is the institutional trustee and administrator of the trust. The trust does not have employees or governing policies or a board. The rand corporation has such policies and documents such meetings with its governing board.”

“The institutional trustee, the rand corporation, summarizes the information to be included on the form 990 and provides the support to a third-party tax firm so that a draft return can be completed. This firm provides tax guidance throughout the year in addition to providing guidance on return preparation. Once the draft form 990 is compiled, it is reviewed by various levels of management within rand. Once finalized, rand's vice president and chief financial officer reviews the form 990, signs it and it is submitted to the irs.”

“As required under erisa, the annual report (5500) is filed with the department of labor. Moreover, a right to additional information notice is conveyed to participants which provides the contact information to obtain an annual report for the plan. This annual report includes the financial statements and any changes to governing documents. A public copy is available at the rand corporation and how to obtain a copy is disclosed on the summary annual report, which is sent to participants, and on rand's intranet site.”