2016-11-15T16:35:47-06:00 2015-12-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-01-01 363978080 Exelon Corp Employees Benefits Trust for Union Employees EXEL 3123942819 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 WILLIAM BERGMAN VP HEALTH AND BENEFITS 3123942819 2016-11-15 1 David Lowenthal P00378651 3122071040 2016-11-15 2015 2017-02-10 21:41:12Z WILLIAM BERGMAN 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 331789692 0 X N/A X 1996 IL TO PROVIDE HEALTH CARE BENEFITS TO THE PARTICIPATING MEMBERS OF THE VEBA. 1 1 0 0 0 0 0 0 131561655 12872795 19436648 -1822670 0 0 150998303 11050125 0 0 63504488 63886435 205658 168845 0 0 0 4878294 6151516 68588440 70206796 82409863 -59156671 1170145762 1136958165 4334419 4371714 1165811343 1132586451 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 RETIRED ELIGIBLE UNION EMPLOYEES OF THE CORPORATION. 0 0 THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 5,102 RETIRED UNION 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 0 1 DA JA IS HK 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 X EXELON CORPORATION VP HEALTH AND BENEFITS 3123942819 10 S DEARBORN STREET 50TH FLOOR CHICAGO IL 60603 THE NORTHERN TRUST COMPANY INSTITUTIONAL TRUSTEE 1.00 0.00 X 168845 0 0 168845 0 0 0 0 0 0 AON 3000 TOWN CENTER SOUTHFIELD MI 48075 RECORDKEEPER 738754 MORGAN STANLEY 1585 BROADWAY NEW YORK NY 10036 INVESTMENT MANAGEMENT 458826 TOWERS PERRIN 191 NORTH WACKER DRIVE SUITE 2100 CHICAGO IL 60606 ACTUARIAL SERVICES 334278 BLACKROCK FINANCIAL MANAGEMENT 40 EAST 52ND STREET 2ND FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 328819 ACADIAN ASSET MANAGEMENT LLC 260 FRANKLIN STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 173235 9 EMPLOYEE CONTRIBUTIONS 900099 9398010 9398010 EMPLOYER CONTRIBUTIONS 900099 3474785 3474785 12872795 15358852 15358852 303558045 320739567 -17181522 -17181522 -17181522 11050125 11050125 0 0 63886435 168845 49393 7159 1848069 1265108 ADMINISTRATIVE EXPENSES 2981787 70206796 85285 216685 45304 4977087 4726670 2871826 768944006 640637946 396344497 488254621 1170145762 1136958165 2507935 1934079 1826484 2437635 4334419 4371714 X 1165811343 1132586451 0 0 0 0 1165811343 1132586451 1170145762 1136958165 X -59156671 16856551 9075228 X 0 1 X 1 0 0 INVESTMENT IN COMMON COLLECTIVE TRUSTS 421336621 F REAL ESTATE 66918000 F 488254621 INTRA-PLAN PAYABLE 2437635 2437635 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, 2015, 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 350175 East Asia and the Pacific 0 0 INVESTMENT IN SECURITIES 12793984 Middle East and North Africa 0 0 INVESTMENT IN SECURITIES 163818 0 0 0 0 0 0 13307977 0 13307977 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 11 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 THE PARTIES 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 EMPLOYEES 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: INTRA-PLAN TRANSFERS 9,050,000. RELATED PARTY ACCOUNTING ADJUSTMENT 25,228. EXELON GENERATION CO LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 233064219 POWER GENERATION PA EXELON CORPORATION EXELON BUSINESS SERVICES CO LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 233063219 SUPPORT SERVICES DE EXELON CORPORATION CNE GAS HOLDINGS LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 611225551 POWER GENERATION KY EXELON CORPORATION EXELON CORPORATION EMPLOYEES' BENEFIT TRUST 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 237236436 EMPLOYEE BENEFITS DE 501(c)(9) N/A EXELON CORPORATION 0 EXELON CORPORATION EMPLOYEES' BENEFIT TRUST FOR MGMT EMPLOYEES 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 363978082 EMPLOYEE BENEFITS DE 501(c)(9) N/A EXELON CORPORATION 0 EXELON CORPORATION 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 232990190 HOLDING COMPANY DE N/A C 0 COMED 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 360938600 ELECTRIC DISTRIBUTION UTILITY IL N/A C 0 CONSTELLATION POWER INC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 521525572 POWER GENERATION MD N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 Exelon Generation Co LLC S 1758370 MAINTAINED RECORDS AT FMV Exelon Business Services CO S 134956 MAINTAINED RECORDS AT FMV ComEd S 1516844 MAINTAINED RECORDS AT FMV Constellation Power Inc S 7441 MAINTAINED RECORDS AT FMV CNE Gas Holdings S 56808 MAINTAINED RECORDS AT FMV Exelon Corporation Employees' Benefit Trust S 9050000 MAINTAINED RECORDS AT FMV Exelon Business Services CO R 795780 MAINTAINED RECORDS AT FMV Exelon Corporation Employees' Benefit Trust P 2566588 MAINTAINED RECORDS AT FMV PART V, LINE 2(1)(D): TOTAL COST OF MEDICAL COVERAGE IS ACTUARIALLY DETERMINED. BOTH EMPLOYEES AND EXELON CONTRIBUTE TO THE COST OF MEDICAL COVERAGE. THE COST OF MEDICAL COVERAGE DEPENDS ON COVERAGE CATEGORY AND MEDICAL PLAN OPTION CHOSEN.