2016-11-07T12:07:15-06:00 2015-12-31 990 2015-01-01 223372287 Educational Testing Service Retiree Medical and Life Insurance Benefit Plan EDUC 6099219000 Rosedale Road MS 20-J Princeton NJ 08541 Glenn Schroeder EBAC Member 6099219000 2016-11-07 2015 2017-02-10 21:41:12Z Glenn Schroeder Rosedale Road MS 20-J Princeton NJ 08541 5217489 0 X n/a X 1994 NJ The plan provides medical/life insurance benefits to all retirees and their dependents of ETS. 3 0 0 0 0 0 0 0 1168261 1183746 484603 333924 0 0 1652864 1517670 0 0 4377614 4765270 0 0 0 0 0 352826 344060 4730440 5109330 -3077576 -3591660 14599828 10816076 72660 241132 14527168 10574944 The plan provides medical, prescription drug and life insurance benefits to all eligible retired employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan. 0 0 The plan provides medical, prescription drug and life insurance benefits to all eligible retired employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 X X Michael J Freddo Alternate EBAC M 6099219000 Rosedale Road MS 20-J Princeton NJ 08541 X Wells Fargo Bank NA Trustee & Custodian 1.00 X 19560 0 0 Basehore John EBAC Member 0.10 40.00 X 0 366995 49894 Elliott Thomas J EBAC Member 0.10 40.00 X 0 413846 47793 Freddo Michael J Alternate EBAC Member 0.10 40.00 X 0 366027 47417 Schroeder Glenn C EBAC Member 0.10 40.00 X 0 744082 45693 19560 1890950 190797 0 0 1 0 Aetna Inc 151 Farmington Avenue Hartford CT 06156 Third party administration 231558 1 Employee contributions 900099 1183746 1183746 1183746 287398 287398 3746345 3699819 46526 46526 46526 1517670 1183746 0 333924 4765270 24886 19560 Third party administrat 299131 Bank Charges 483 5109330 42335 26340 20671 29194 14536822 10760542 14599828 10816076 17926 6148 54734 234984 72660 241132 X 14527168 10574944 14527168 10574944 14599828 10816076 -3591660 -360564 0 X X 0 1 X 1 0 0 Payable to Plan Sponsor 234984 234984 X 1157106 -360564 -360564 1517670 0 1517670 5109330 0 5109330 0 5109330 Part X, Line 2: The Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (Retiree Trust) is intended to meet the qualification requirements pursuant to Section 501(c)(9) of the Internal Revenue Code (the "Code"), and, accordingly, the net investment income of the Retiree Trust is exempt from income taxes. The Internal Revenue Service ("IRS") has determined in a letter dated October 10, 1995, that the Plan and Retiree Trust are designed in accordance with the applicable sections of the Code. However, as a result of the Plan's funding policy, the Retiree Trust may be subject to income taxes. No federal or state income taxes are required to be recorded for the years ended December 31, 2015 and 2014 for unrelated business taxable income. ETS believes that the Retiree Trust, as amended, continues to be a tax-exempt trust and operates in accordance with applicable provisions of the Code. ETS evaluated the Plan's tax positions and concluded that the Retiree Trust maintained its tax-exempt status and there are no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes is required in the financial statements as of December 31, 2015 and 2014. The Plan is subject to routine examinations by taxing jurisdictions; however, there are no examinations for any open tax periods in progress. ETS believes the Plan is not subject to income tax examination by the IRS for years prior to 2012. 0 1 0 Basehore John EBAC Member 0 212411 0 111263 0 43321 0 33630 0 16264 0 416889 0 0 Elliott Thomas J EBAC Member 0 220307 0 128750 0 64789 0 23700 0 24093 0 461639 0 0 Freddo Michael J Alternate EBAC Member 0 199111 0 116750 0 50166 0 31781 0 15636 0 413444 0 0 Schroeder Glenn C EBAC Member 0 339731 0 210300 0 194051 0 23850 0 21843 0 789775 0 88579 Part I, Line 4b The officers participated in the related organization's supplemental non-qualified retirement plan under 457(f). The non-vested portion of each officer's deferred compensation is reported in Column C. The vested portion of each officer's deferred compensation is reported in Columns B. Wells Fargo Bank NA Institutional trustee & custodian 19560 Institutional Trustee Fees - $19,560 0 Form 990, Part VI, Section A, line 6 The members are the beneficiaries of the Educational Testing Service Retiree VEBA. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed in detail by members of the Educational Testing Service Employee Benefits Administration Committee ("EBAC") and our external tax advisors, Grant Thornton, prior to filing. Form 990, Part VI, Section B, line 12 Although the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan (the ETS Retiree VEBA) has not specifically adopted these policies, the EBAC observes the applicable policies of the plan sponsor, Educational Testing Service. Form 990, Part VI, Section C, line 19 Currently, the ETS Retiree VEBA does not make its governing documents or financial statements available to the general public. Form 990, Part VII, Section A: The EBAC is the "administrator" as defined in Section 3(16)(A) of ERISA, of the Educational Testing Service Retiree Medical and Life Insurance Benefit Plan, which is funded through this VEBA, The VEBA does not have officers per se, but per the Form 990 Glossary definition of "officer", the EBAC members in effect serve in such role. Form 990, Part XII, Line 2c: The oversight and selection process has not changed from the previous tax year. Educational Testing Service Rosedale Road MS 20-J Princeton NJ 08541 210634479 Educational Testing NY 501(c)(3) Line 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0