2018-11-14T14:29:04-06:00 2017-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2017-01-01 363978082 EXELON CORP EMPLOYEES BENEFIT TRUST FOR MANAGEMENT EMPLOYEES EXEL 3123942819 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 WILLIAM BERGMAN VP HEALTH AND BENEFITS 3123942819 2018-11-13 1 DAVID LOWENTHAL P00378651 3122071040 2018-11-13 67.59.56.31 2018-11-13 11:19:34 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6D29138FCECA78C821B3E4FF09CE6BEDBF209BC2 2017 2019-02-21 02:37:17Z WILLIAM BERGMAN 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 211636726 0 X N/A X 2003 IL TO PROVIDE HEALTH CARE BENEFITS TO THE RETIRED MANAGEMENT EMPLOYEES PARTICIPATING IN THE VEBA. 1 1 0 0 21265287 16015062 0 0 10321718 10482494 17315235 23486131 0 0 27636953 33968625 0 0 51249444 50985684 176505 0 0 0 0 5308132 9372437 56734081 60358121 -29097128 -26389496 497096115 489644535 2439263 5829634 494656852 483814901 THE CORPORATION HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH BENEFITS TO THE RETIRED MANAGEMENT EMPLOYEES BENEFICIARY OF THE CORPORATION. 0 0 THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 12,172 RETIRED MANAGEMENT EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 DA HK JA 0 0 0 0 X 1 1 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X EXELON CORPORATION VP HEALTH AND BENEFITS 3123942819 10 S DEARBORN STREET 50TH FLOOR CHICAGO IL 60603 X THE NORTHERN TRUST COMPANY INSTITUTIONAL TRUSTEE 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 ALIGHT 4 OVERLOOK POINT SIDE B LINCOLNSHIRE IL 60069 HUMAN CAPITAL & BENEFIT ADMINISTRATION S 980464 AMERICAN SPECIALTY HEALTH MANAGEMENT INC 12800 N MERIDIAN ST CARMEL IN 46032 HEALTH MANAGEMENT 448420 TOWERS PERRIN 191 NORTH WACKER DRIVE SUITE 2100 CHICAGO IL 60606 ACTUARIAL SERVICES 123781 COGHLAN LAW LLC 161 N CLARK ST 1325 CHICAGO IL 60601 LEGAL SERVICES 111840 5 EMPLOYEE CONTRIBUTIONS 900099 10463032 10463032 EMPLOYER CONTRIBUTIONS 900099 19462 19462 10482494 6187161 3966317 2220844 194967071 177668101 17298970 17298970 17298970 33968625 10482494 21265287 2220844 50985684 111840 11250 286072 37734 UNREL BUSINESS INC TAX 4675000 CONTRACT ADMINISTRATOR 3476546 OTHER ADMINISTRATIVE EX 650214 ACTUARIAL SERVICES 123781 60358121 13938 3 6446358 4606041 1531227 1529882 470914577 390052825 18190015 93455784 497096115 489644535 1266142 998487 1173121 4831147 2439263 5829634 X 494656852 483814901 0 0 0 0 494656852 483814901 497096115 489644535 X -26389496 42797723 -27250178 X 0 1 X 1 0 0 INTEREST IN COMMON/COLLECTIVE TRUSTS 93455784 F 93455784 INTRA-PLAN PAYABLE 4831147 4831147 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS ISSUED DETERMINATION LETTERS THAT THE TRUSTS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE. CERTAIN INVESTMENT INCOME OF A SECTION 501(C)(9) TRUST IS SUBJECT TO FEDERAL AND STATE INCOME TAX AS "UNRELATED BUSINESS INCOME" IF THE FUNDS HELD BY THE TRUSTS ARE IN EXCESS OF PRESCRIBED LIMITS AND SUCH INCOME IS EARNED ON FUNDS SET ASIDE TO PAY BENEFITS OF PARTICIPANTS WHO ARE NOT COVERED BY A COLLECTIVE BARGAINING AGREEMENT. THE PLAN ADMINISTRATOR BELIEVES THAT THE TRUSTS AND THE PLAN, AS AMENDED, ARE BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE, BELIEVES THAT THE PLAN IS QUALIFIED AND THE TRUSTS REMAIN TAX EXEMPT. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZES A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. THE COMPANY HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT IN SECURITIES 914615 EAST ASIA AND THE PACIFIC 0 0 INVESTMENT IN SECURITIES 9083852 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INDIRECT INVESTMENT 2472599 0 0 0 0 0 0 12471066 0 12471066 1 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PARTICIPATE IN THE SPONSOR HEALTH BENEFIT PLANS AND RECEIVE MEDICAL BENEFITS FROM THE FUNDED VEBA. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES A CPA FIRM TO PREPARE FORM 990. THE RETURN IS REVIEWED BY EXELON ACCOUNTING, CORPORATE BENEFITS AND LEGAL DEPARTMENTS. THE RETURN IS REVIEWED BY PARTNERS WHO ADMINISTER THE HEALTH AND WELFARE PLANS THAT ARE FUNDED BY THE ORGANIZATION AND MANAGE THE ASSETS OF THE ORGANIZATION. AS SUCH ALL RESPONSIBLE GOVERNING BODIES REVIEW AND APPROVE THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL PARTIES RESPONSIBLE FOR PLAN ASSETS ARE SUBJECT TO THE EXELON CORPORATION CONFLICT OF INTEREST POLICY. EXELON REGULARLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT PAY ANY COMPENSATION. CONSEQUENTLY LINES 15A AND 15B ARE NOT APPLICABLE TO THIS ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1024, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VI: THIS ORGANIZATION IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST UNDER IRC 501(C)(9). THIS ORGANIZATION FUNDS HEALTHCARE BENEFITS PROVIDED UNDER CERTAIN HEALTH AND WELFARE PLANS SPONSORED BY EXELON CORPORATION FOR ITS RETIREES AND THEIR ELIGIBLE DEPENDENTS. THIS ORGANIZATION FOLLOWS EXELON'S CORPORATE POLICIES, WHERE APPLICABLE, INCLUDING PROPER DOCUMENTATION OF ALL ACTIONS TAKEN ON BEHALF OF THE PLAN. FORM 990, PART XI, LINE 9: TRANSFERS TO HRA PLAN -19,061,846. TRANSFERS TO EBT -8,188,332. 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