2021-11-11T15:38:04-06:00 2020-12-31 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2020-01-01 363768068 MARS INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION % MARS INCORPORATED MARS 9088521000 350 CLARK DRIVE STE 202 MOUNT OLIVE NJ 07828 JASON NASKIEWICZ INVESTMENT MANAGER 9088521000 2021-11-08 true JASON NASKIEWICZ 999009999 LAURA J PARELLO P01080295 6464713000 2021-11-08 2 2020 2022-09-23 18:48:47Z JASON NASKIEWICZ 350 CLARK DRIVE SUITE 202 MOUNT OLIVE NJ 07828 31130365 false X N/A X 1999 IL PAYMENT OF HEALTH, WELFARE, AND LIFE BENEFITS FOR ITS MEMBERS 1 1 0 0 8250030 8140137 0 0 10422553 10177318 14347079 8250030 0 0 24769632 18427348 0 0 40999269 21532679 78021 9320 0 0 0 4527013 3329070 45604303 24871069 -20834671 -6443721 62947996 51070947 3658922 1038406 59289074 50032541 PAYMENT OF HEALTH, WELFARE, AND LIFE BENEFITS FOR ITS MEMBERS false false 0 0 0 PAYMENT OF HEALTH, WELFARE, AND LIFE BENEFITS FOR ITS MEMBERS 0 false false false false false false false false false false true false false true false false true false false true false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 true true false false false false false false false X 1 1 false false false false true false false false false false false true false false false false false false X MARS INCORPORATED 9088521000 350 CLARK DRIVE STE 202 MOUNT OLIVE NJ 07828 THE NORTHERN TRUST COMPANY TRUSTEE 0.0 1.0 X 1893 0 0 1893 0 0 0 false false false AETNA INC 151 FARMINGTON AVE LINCOLNSHIRE CT 06156 PLAN ADMINISTRATOR 331724 XEROX HR SOLUTIONS LLP 101 WOODCREST ROAD CHERRY HILL NJ 08003 RECORD KEEPER 283685 2 0 PARTICIPANT CONTRIBUTIONS 900099 10177318 10177318 10177318 1617894 1617894 0 0 0 0 0 19335153 12703017 6632136 6632136 6632136 0 0 0 0 0 0 0 0 0 0 18427348 10177318 8250030 0 0 0 21532679 9320 0 0 0 0 0 0 0 118257 0 0 94824 611962 0 0 0 0 0 0 0 0 0 0 0 940043 UBTI TAX EXPENSES 1563984 24871069 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54632487 44810977 7348164 5191187 0 0 0 0 967345 1068783 62947996 51070947 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3658922 1038406 3658922 1038406 X 59289074 50032541 0 0 0 0 59289074 50032541 62947996 51070947 X -6443721 -4034048 1221236 X false true X true false PARTNERSHIPS & VENTURE CAPITAL 5191187 F 5191187 0 ADMINISTRATIVE FEES PAYABLE 290898 DUE TO BROKER 747508 1038406 X SCHEDULE D, PART X, LINE 2 THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE FORMER MARS PLAN'S ASSETS IS INTENDED TO QUALIFY AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(9) OF THE IRC AND ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER DATED DECEMBER 9, 1988, THAT THE PLAN AND RELATED TRUST ARE DESIGNED IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE ("IRC") FURTHER, THE WM. WRIGLEY JR. COMPANY VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST ("WRIGLEY TRUST"), HOLDING THE WRIGLEY RETIREE HEALTH AND LIFE PLAN ASSETS, RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED FEBRUARY 6, 1992, STATING THAT THE WRIGLEY TRUST IS TAX-EXEMPT UNDER SECTION 501(C)(9) OF THE IRC AS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTERS. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF THE IRC, AND QUALIFIES AS TAX EXEMPT. ACCORDINGLY, INCOME OF THE PLAN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE IRC. PURSUANT TO CERTAIN PROVISIONS OF THE IRC AND STATE TAX STATUTES, A PORTION OF THE INCOME GENERATED BY THE TRUST IS SUBJECT TO AN UNRELATED BUSINESS INCOME TAX ("UBIT"). THE TRUST PAID $3,460,000 FOR UBIT EXPENSE DURING THE YEAR-ENDED DECEMBER 31, 2020, RELATED TO UBIT FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. U.S. GAAP REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. UNCERTAIN TAX POSITIONS HAVE BEEN CLASSIFIED AS $0 AND $3,118,703 OF OTHER LIABILITIES FOR DECEMBER 31, 2020 AND 2019, RESPECTIVELY, IN THE STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS. THE TOTAL NET AMOUNT OF $0 AND $3,118,703 IN THE STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY, INCLUDES TOTAL ACCRUED INTEREST AND PENALTIES OF $0 AND $927,990 AS OF DECEMBER 31, 2020 AND 2019, RESPECTIVELY, WHICH IS PART OF OTHER LIABILITIES. NET CHANGE OF $3,118,703 IN THE ASSET RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2020 WAS DUE TO OTHER LIABILITIES DECREASE OF $3,118,703. NET AMOUNT IS INCLUDED IN THE UBIT EXPENSE ON THE STATEMENT OF CHANGES IN NET ASSETS FOR BENEFITS. THE TRUST IS POTENTIALLY SUBJECT TO UBIT EXAMINATIONS BY THE IRS AND BY VARIOUS U.S. STATES, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2017. Europe (Including Iceland and Greenland) 0 0 Investments 88002 Central America and the Caribbean 0 0 Investments 133249 0 0 0 0 221251 221251 true false true true true false FORM 990, PART VI - GOVERNANCE, MANAGEMENT DISCLOSURE GENERAL PART VI IS ANSWERED FROM THE PERSPECTIVE OF THE TAXPAYER'S TRUSTEE, NORTHERN TRUST. THE EMPLOYER, MARS INC., HAS IN PLACE A BENEFITS PLAN COMMITTEE WHICH HAS OVERSIGHT AND GOVERNING AUTHORITY WITH RESPECT TO ALL COMPLIANCE AND DECISION-MAKING MATTERS RELATED TO THIS TAXPAYER, A VEBA TRUST. FORM 990, PART VI, LINE 6 THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION AS DESCRIBED IN CODE SECTION 501(C)(9). AS SUCH, THE ORGANIZATION WAS CREATED AND IS MAINTAINED FOR THE PAYMENT OF ELIGIBLE CLAIMS INCURRED BY PARTICIPANTS IN THE EMPLOYEE BEENFIT PLAN THAT IS FUNDED, IN PART, BY THE TRUST THAT IS THE FILING ORGANIZATION. FORM 990, PART VI, LINES 8 AND 12-15 THIS ORGANIZATION IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION EXEMPT UNDER IRC SECTION 501(C)(9). ITS TRUSTEE IS A BANK THAT HAS A FIDUCIARY DUTY TO MANAGE INVESTMENTS IN THE INTEREST OF THE BENEFICIARIES. FORM 990, PART VI, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE AMERICAS BENEFIT DIRECTOR AND AMERICAS INVESTMENT MANAGER OF THE PARENT COMPANY, MARS, INCORPORATED. FORM 990, PART VI, LINE 19 AS A 501(C)(9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE TRUST GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS PARTNERSHIP INVESTMENTS: $ 1,217,316 VENTURE CAPITAL/PARTNERSHIP CONTRIBUTIONS: 3,920 ------------ TOTAL $ 1,221,236 FORM 990, PART XII, LINE 2C THE U.S. BENEFIT PLANS COMMITTEE MEETS ANNUALLY TO REVIEW FINANCIAL STATEMENTS AND AUDIT RESULTS WITH THE INDEPENDENT ACCOUNTANTS OF THE PARENT COMPANY, MARS, INCORPORATED. MARS INCORPORATED 6885 ELM STREET MCLEAN VA 22101 221594774 FOOD & CANDY DE NA C CORP false false false false false false false false false false false false false false false true false false false MARS INCORPORATED P 63621 COST SCHEDULE R, PART V, LINE 2 CONSISTENT WITH PROHIBITED TRANSACTION EXEMPTION 80-26, MARS TRUST-BILLS THE VEBA WITHIN 60 DAYS TO OBTAIN REIMBURSEMENT FOR PLAN ADMINISTRATION EXPENSES PAID BY THE COMPANY ON BEHALF OF THE RETIREE MEDICAL AND LIFE PLAN.