UAW RETIREE MEDICAL BENEFITS TR: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- UAW RETIREE MEDICAL BENEFITS TR (EIN 90-0424876)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-09
- IRS object ID
- 201633149349301703
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-09T11:33:54-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 RENAISSANCE CENTER SUITE 3900 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900424876 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UAW RETIREE MEDICAL BENEFITS TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UAWR | BusinessNameControlTxt |
| Phone | 3133245900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WALKER STREET | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48207 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARY BETH KUDERIK | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 3133245900 | PhoneNum |
| Signature | 2016-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI BOYCE | PreparerPersonNm |
| PTIN | P00121981 | PTIN |
| Phone | 3133963000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARY BETH KUDERIK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WALKER STREET | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48207 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,567,542,925 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.UAWTRUST.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION ("VEBA") ORGANIZED TO FUND OBLIGATIONS FOR POST-RETIREMENT MEDICAL BENEFITS FOR AUTO UAW RETIREES AND THEIR DEPENDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 125 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $32,374,170 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $691,859,067 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $737,262,840 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,166,085,042 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,374,810,879 | CYInvestmentIncomeAmt |
| PY Other Revenue | $32,778,680 | PYOtherRevenueAmt |
| CY Other Revenue | $66,721,471 | CYOtherRevenueAmt |
| PY Total Revenue | $9,890,722,789 | PYTotalRevenueAmt |
| CY Total Revenue | $3,178,795,190 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,840,747,975 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,047,225,143 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,598,822 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,568,108 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $450,758,612 | PYOtherExpensesAmt |
| CY Other Expenses | $432,302,028 | CYOtherExpensesAmt |
| PY Total Expenses | $4,309,105,409 | PYTotalExpensesAmt |
| CY Total Expenses | $4,500,095,279 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,581,617,380 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,321,300,089 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $62,942,250,299 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,738,424,338 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,034,795,134 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,388,916,002 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,907,455,165 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $56,349,508,336 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION ORGANIZED TO HOLD, INVEST AND ADMINISTER FUNDS FOR POST-RETIREMENT MEDICAL BENEFITS. THE PRIMARY MISSION OF THE RMBT IS TO SERVE AS A SOURCE FOR RETIREE HEALTH CARE COVERAGE FOR ITS' MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,500,095,279 | ExpenseAmt |
| Revenue | $737,262,840 | RevenueAmt |
| Desc | THE UAW RETIREE MEDICAL BENEFITS TRUST (THE "TRUST") PROVIDES HEALTH CARE BENEFITS TO ELIGIBLE CURRENT AND FUTURE UAW RETIREES FROM GENERAL MOTORS, FORD, AND FCA US LLC, ALONG WITH THEIR ELIGIBLE DEPENDENTS. THE TRUST IS AN INDEPENDENT ENTITY AND IS NOT GOVERNED BY, OR A PART OF, THE UAW OR THE AUTO COMPANIES. THIS ARRANGEMENT WAS ESTABLISHED THROUGH A PROVISION IN THE 2007 COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UAW AND THE THREE AUTO COMPANIES. UNDER THESE AGREEMENTS, ALL OF THE RETIREE HEALTH CARE LIABILITIES WERE TRANSFERRED TO A NEW AND INDEPENDENT VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA). THE FEDERAL COURTS APPROVED THESE AGREEMENTS IN A SERIES OF CLASS ACTION SETTLEMENTS, AND THE ARRANGEMENTS WERE ALSO APPROVED BY THE BANKRUPTCY COURTS IN THE GENERAL MOTORS AND FCA US CHAPTER 11 BANKRUPTCY PROCEEDINGS DURING 2009. THE TRUST IS GOVERNED BY AN 11-PERSON COMMITTEE COMPRISED OF FIVE INDEPENDENT MEMBERS AND FIVE INDEPENDENT MEMBERS APPOINTED BY THE UAW. ADDITIONAL SUBCOMMITTEES OF THE COMMITTEE EXIST FOR PLAN ADMINISTRATION, INVESTMENT, AND AUDIT. ALL COMMITTEE MEMBERS AND TRUST STAFF ADHERE TO A STRICT CODE OF ETHICS.THE PURPOSE OF THE TRUST IS TO SERVE AS A SOURCE FOR RETIREE HEALTH CARE COVERAGE FOR ITS MEMBERS. SEPARATE TRUST ACCOUNTS ARE MAINTAINED FOR EACH AUTO PLAN (GM, FORD, AND FCA US) FROM WHICH BENEFITS ARE PAID. WHEN THE TRUST LAUNCHED IN JANUARY 2010, IT BECAME THE LARGEST NON-GOVERNMENTAL PURCHASER OF RETIREE HEALTH CARE IN THE UNITED STATES, PROVIDING HEALTH CARE BENEFITS TO MORE THAN 860,000 PERSONS. IN 2015, THE TRUST PROVIDED COVERAGE FOR APPROXIMATELY 748,000 MEMBERS.THE TRUST CONTINUES TO SERVE ITS MISSION OF PROVIDING HEALTH CARE BENEFITS TO RETIREES AND REVIEWS THE BENEFIT DESIGN EACH YEAR TO MAKE ANY ADJUSTMENTS THAT ARE NECESSARY. IN 2015, THE TRUST PAID MORE THAN $4.1 BILLION IN INDIVIDUAL HEALTH CARE CLAIMS, PREMIUMS, AND FILLING OVER 16 MILLION PRESCRIPTIONS FOR MEMBERS DURING THE PLAN YEAR. RETIREE HEALTH CARE CONNECT, THE CALL CENTER FOR TRUST MEMBERS, HANDLED MORE THAN 237,000 CALLS IN 2015. FOR 2015, THE TRUST INCREASED ACCESS TO CARE BY INCREASING THE NUMBER OF OFFICE VISITS COVERED, PROVIDING URGENT CARE FACILITY FEE COVERAGE, AND INITIATING COVERAGE OF RETAIL HEALTH CLINICS AS AN APPROVED SITE OF CARE. THE DENTAL AND VISION BENEFIT WAS ENHANCED TO FULL COVERAGE FOR GM AND FCA US MEMBERS. THESE ENHANCEMENTS TO MEMBER BENEFITS WERE PROVIDED WITH MODEST CHANGES IN COST SHARE LEVELS FOR MONTHLY CONTRIBUTIONS, DEDUCTIBLES, OUT OF POCKET MAXIMUMS, AND PRESCRIPTION DRUG COPAYS. COPAYS FOR OFFICE VISITS, URGENT CARE AND EMERGENCY ROOM VISITS WERE UNCHANGED.A CHOICE OF MEDICAL PLAN OPTIONS IS HIGHLY VALUED BY TRUST MEMBERS. MEDICARE ADVANTAGE PPO PLANS WERE RETAINED IN ALL STATES PREVIOUSLY OFFERED. MEDICARE MEMBERS IN 30 STATES NOW HAVE THE OPPORTUNITY TO SELECT A MEDICARE ADVANTAGE PPO PLAN. THESE PLANS HAVE EXPERIENCED SIGNIFICANT ENROLLMENT YEAR OVER YEAR AND RECEIVED HIGH SATISFACTION AND RETENTION AMONG MEMBERS WHO HAVE ENROLLED. THE TRUST MEMBERSHIP IS GEOGRAPHICALLY AND DEMOGRAPHICALLY DIVERSE. THE TRUST MAINTAINS ROBUST COMMUNICATION WITH MEMBERSHIP IN ORDER TO OPERATE IN A TRANSPARENT FASHION. THE GOAL IS TO KEEP THE TRUST'S BENEFICIARIES FULLY INFORMED ON THE TRUST ACTIVITIES, AS WELL AS THE BENEFITS PROVIDED BY THE TRUST. PRINTED MAILINGS WERE DISTRIBUTED BY THE TRUST TO NEARLY 480,000 CONTRACT HOLDER PARTICIPANTS DURING THE YEAR. THESE MAILINGS UPDATED THE TRUST MEMBERSHIP ON BENEFITS PROVIDED BY THE TRUST, ENCOURAGED APPROPRIATE IMMUNIZATIONS, AND PROVIDED INFORMATION REGARDING THE TRUST'S FINANCIAL POSITION. THE TRUST ALSO IDENTIFIED NEARLY 124,000 DIABETIC MEMBERS AND SENT COMMUNICATIONS ENCOURAGING USE OF DIABETIC RETINAL EXAM. ADDITIONAL MEMBERS WITH SPECIFIC GAPS IN CARE AND SENT TARGETED OUTREACH LETTERS TO ENCOURAGE MEMBERS TO TAKE PREVENTIVE MEASURES TO MANAGE THEIR CONDITION(S), IMPROVE THEIR HEALTH STATUS, AND ENGAGE WITH THEIR PRIMARY CARE PHYSICIAN. TRUST PARTNERS ALSO COMMUNICATED DIRECTLY WITH MEMBERS, ON BEHALF OF THE TRUST, DURING THE COURSE OF 2015 REGARDING BENEFITS, PREVENTION, CHRONIC CONDITIONS AND DISEASE MANAGEMENT WHERE APPROPRIATE. THE TRUST INITIATED A TELEPHONIC PROGRAM THROUGH ITS PHARMACY BENEFIT MANAGER TO PROVIDE MEDICATION ADHERENCE SUPPORT FOR MEMBERS WITH SELECT CHRONIC CONDITIONS. THE TRUST CONTINUES TO LEVERAGE COMMUNICATION FORMATS TO COMPLEMENT MAILINGS, INCLUDING THE TRUST-BRANDED WEBSITE (WWW.UAWTRUST.ORG), VIDEOS, AND PRESENTATIONS AT RETIREE MEETINGS THROUGHOUT THE COUNTRY. THE TRUST AND ASSOCIATED PARTNERS CONDUCTED PRESENTATIONS AT 674 MEETINGS WITH AN ESTIMATED OUTREACH TO OVER 85,000 MEMBERS. IN ADDITION TO BENEFIT INFORMATION, SENIOR-CENTRIC HEALTH/WELLNESS INFORMATION SUCH AS MANAGING CHRONIC CONDITIONS, PREVENTIVE VACCINATIONS (FLU, SHINGLES AND PNEUMONIA) AND BLOOD PRESSURE SCREENINGS WERE PROVIDED AT MEETING LOCATIONS. | Desc |
| Total Program Service Expenses | $4,500,095,279 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 63 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 125 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | AR | ForeignCountryCd |
| Foreign Country | BR | ForeignCountryCd |
| Foreign Country | CI | ForeignCountryCd |
| Foreign Country | CH | ForeignCountryCd |
| Foreign Country | CO | ForeignCountryCd |
| Foreign Country | EZ | ForeignCountryCd |
| Foreign Country | DA | ForeignCountryCd |
| Foreign Country | EG | ForeignCountryCd |
| Foreign Country | GR | ForeignCountryCd |
| Foreign Country | GK | ForeignCountryCd |
| Foreign Country | HU | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | ID | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Foreign Country | IS | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | KE | ForeignCountryCd |
| Foreign Country | MY | ForeignCountryCd |
| Foreign Country | MO | ForeignCountryCd |
| Foreign Country | NI | ForeignCountryCd |
| Foreign Country | RP | ForeignCountryCd |
| Foreign Country | PL | ForeignCountryCd |
| Foreign Country | RS | ForeignCountryCd |
| Foreign Country | KS | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | TH | ForeignCountryCd |
| Foreign Country | TS | ForeignCountryCd |
| Foreign Country | TU | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY BETH KUDERIK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3133245900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WALKER STREET SUITE 400 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48207 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Institutional TrusteeInstitutionalTrusteeInd | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JOE ASHTON | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $62,190 | $0 | $0 | ||||||
| ADAM BLUMENTHAL | |||||||||||
| COMMITTEE MEMBER | 4.00 | Yes (X) | $54,761 | $0 | $0 | ||||||
| CINDY ESTRADA | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||||
| TERESA GHILARDUCCI | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $51,831 | $0 | $0 | ||||||
| NORWOOD JEWELL | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||||
| DAVID BAKER LEWIS | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $58,900 | $0 | $0 | ||||||
| ROBERT NAFTALY | |||||||||||
| COMMITTEE CHAIR | 4.00 | Yes (X) | $59,880 | $0 | $0 | ||||||
| WILLIAM PATTERSON | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $55,356 | $0 | $0 | ||||||
| JAMES SETTLES | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||||
| DENNIS WILLIAMS | |||||||||||
| COMMITTEE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||||
| DOUGLAS WOLL | |||||||||||
| COMMITTEE | 2.00 | Yes (X) | $55,409 | $0 | $0 | ||||||
| STATE STREET BANK TRUST | |||||||||||
| INSTITUTIONAL TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | ||||||
| HERSHEL HARPER - BEG 1192015 | |||||||||||
| CIO | 60.00 | $135,488 | $0 | $1,500 | Yes (X) | ||||||
| FRANCINE PARKER | |||||||||||
| CHIEF EXECUTIVE OFFICER | 60.00 | $441,789 | $0 | $30,560 | Yes (X) | ||||||
| AVTAR VASU - END 123115 | |||||||||||
| INTERIM CIO | 60.00 | $1,190,326 | $0 | $32,711 | Yes (X) | ||||||
| MARY BETH KUDERIK | |||||||||||
| CHIEF FINANCIAL OFFICER | 60.00 | $428,091 | $0 | $40,279 | Yes (X) | ||||||
| LINDA DENOMME | |||||||||||
| LEGAL COUNSEL | 60.00 | $270,067 | $0 | $24,468 | 1.00 | Yes (X) | |||||
| RONALD BERRY | |||||||||||
| CHIEF ADMINISTRATIVE OFFICER | 60.00 | $170,103 | $0 | $7,456 | Yes (X) | ||||||
| GARON MEIKLE | |||||||||||
| CONTROLLER | 60.00 | $268,708 | $0 | $34,534 | 1.00 | Yes (X) | |||||
| FRANCOIS GAGNON | |||||||||||
| SR MANAGING DIRECTOR | 60.00 | $550,546 | $0 | $492,158 | Yes (X) | ||||||
| BENJAMIN COTTON | |||||||||||
| MANAGING DIRECTOR | 60.00 | $547,432 | $0 | $451,107 | Yes (X) | ||||||
| SCOTT LUPKAS | |||||||||||
| MANAGING DIRECTOR | 60.00 | $524,332 | $0 | $490,392 | Yes (X) | ||||||
| BRIAN GIMOTTY | |||||||||||
| DIRECTOR, PRIVATE EQUITY | 60.00 | $382,708 | $0 | $249,585 | Yes (X) | ||||||
| ROBERT MACARTHUR | |||||||||||
| MANAGING DIRECTOR, RISK MANAGER | 60.00 | $359,168 | $0 | $36,505 | 1.00 | Yes (X) | |||||
| KENNETH FRIER - END 9152014 | |||||||||||
| FORMER CIO | 1.00 | $103,892 | $0 | $0 | Yes (X) | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,770,977 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,891,255 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | |||||
| PO BOX 77000 | DETROIT | MI | 482770017 | CLAIMS ADMINISTRATION | $126,763,462 |
| EXPRESS SCRIPTS | |||||
| 3585 ATLANTA AVENUE | HAPEVILE | GA | 30354 | CLAIMS ADMINISTRATION | $38,261,299 |
| AON HEWITT | |||||
| PO BOX 95135 | CHICAGO | IL | 606945135 | CONSULTANT, TPA | $12,814,216 |
| DELTA DENTAL OF MICHIGAN | |||||
| 16082 COLLECTION CENTER DRIVE | CHICAGO | IL | 606930001 | CLAIMS ADMINISTRATION | $12,252,797 |
| LSV ASSET MANAGEMENT | |||||
| 155 NORTH WACKER DRIVE STE 4600 | CHICAGO | IL | 60606 | INVESTMENT MANAGER | $6,396,547 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 74 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EGWP FEDERAL SUBSIDY | 525100 | $614,801,627 | $614,801,627 |
| PARTICIPANT CONTR. | 525100 | $122,461,213 | $122,461,213 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $737,262,840 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,227,057,266 | TotalRevenueColumnAmt |
| Exclusion | $1,227,057,266 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $59,536,501,348 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $58,388,747,735 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,147,753,613 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,147,753,613 | TotalRevenueColumnAmt |
| Exclusion | $1,147,753,613 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| INC. ON ALT INV. OPTS | 523000 | $54,865,581 | $54,865,581 |
| SECURITIES LENDING INC | 523000 | $6,262,194 | $6,262,194 |
| OTHER INCOME | 900099 | $5,593,696 | $5,593,696 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $66,721,471 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,178,795,190 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $737,262,840 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,441,532,350 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,047,225,143 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,406,791 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,213,196 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $767,196 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,220,882 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $960,043 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,891,629 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,170,443 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,152,302 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,951,955 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $650,745 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,141,826 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $841,134 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,421 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,010 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,138 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,218,669 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| ACA FEES | $35,801,654 |
| LIQUID INV. FOREIGN TAX | $15,770,242 |
| INVESTMENT FUND EXPENSE | $12,503,490 |
| FED. AND STATE UBI TAX | $8,581,845 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,525 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,500,095,279 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,317,254,074 | BOYAmt |
| EOY | $3,213,098,041 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $529,682,307 | BOYAmt |
| EOY | $547,921,815 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $501,104,520 | BOYAmt |
| EOY | $341,691,308 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,498,970 | BOYAmt |
| EOY | $3,777,262 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,213,565 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,716,621 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,779,257 | BOYAmt |
| EOY | $4,496,944 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,419,522,139 | BOYAmt |
| EOY | $35,464,573,790 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,538,496,601 | BOYAmt |
| EOY | $17,888,031,721 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,628,912,431 | BOYAmt |
| EOY | $1,274,833,457 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,942,250,299 | BOYAmt |
| EOY | $58,738,424,338 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,587,218 | BOYAmt |
| EOY | $336,841,541 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,447 | BOYAmt |
| EOY | $259,123 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,757,962,469 | BOYAmt |
| EOY | $2,051,815,338 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,034,795,134 | BOYAmt |
| EOY | $2,388,916,002 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,907,455,165 | BOYAmt |
| EOY | $56,349,508,336 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,907,455,165 | BOYAmt |
| EOY | $56,349,508,336 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,942,250,299 | BOYAmt |
| EOY | $58,738,424,338 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,321,300,089 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$2,236,646,741 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $423,095 | OtherCostOrOtherBasisAmt |
| Depreciation | $258,412 | DepreciationAmt |
| Book Value | $164,683 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,291,828 | OtherCostOrOtherBasisAmt |
| Depreciation | $215,088 | DepreciationAmt |
| Book Value | $1,076,740 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,498,642 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,243,121 | DepreciationAmt |
| Book Value | $3,255,521 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,496,944 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| GENERAL MOTORS COMPANY COMMON STOCK | $4,766,501,500 | F |
| HEDGE FUNDS AND LIQUID ASSETS | $8,719,354,582 | F |
| REAL ESTATE AND REAL ASSETS | $1,898,423,666 | F |
| PRIVATE EQUITY | $1,503,898,931 | F |
| OTHER | $999,853,042 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $17,888,031,721 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OBLIGATION UNDER SECURITY LENDING | $192,492,942 |
| PAYABLE TO BROKER FOR SECURITIES PURCHASED | $1,856,619,175 |
| OTHER INVESTMENT PAYABLE | $2,703,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,051,815,338 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $798,867,095 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$2,223,617,200 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$156,310,895 | OtherRevenueAmt |
| Revenue Not Reported | -$2,379,928,095 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,178,795,190 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,178,795,190 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,343,347,243 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$156,748,036 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$156,748,036 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,500,095,279 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,500,095,279 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | U.S. GAAP REQUIRES TRUST MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE U.S. GOVERNMENT AND STATE OF MICHIGAN (OR OTHER STATES APPLICABLE). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TRUST AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY TAX PERIODS ARE CURRENTLY IN PROGRESS. THE TRUST ADMINISTRATOR BELIEVES THE 2015 THROUGH 2012 TAX YEARS ARE OPEN TO TAX EXAMINATION. SOME STATES MAY HAVE A SLIGHTLY LONGER STATUTE OF LIMITATIONS PERIOD. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | OTHER INCOME -5,309. INVESTMENT RELATED EXPENSES -156,736,771. UK HOLDING COMPANY NET REVENUES 431,185. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | OTHER INCOME -5,309. INVESTMENT RELATED EXPENSES -156,736,771. UK HOLDING COMPANY NET EXPENSES -5,956. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 0 | INVESTMENTS | $1,069,918,877 |
| CENTRAL AMERICA & THE CARIBBEAN | 0 | 0 | INVESTMENTS | $4,368,806,945 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | $304,104,173 |
| EAST ASIA AND THE PACIFIC | 0 | 1 | INVESTMENTS | $23,205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $5,742,853,200 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $5,742,853,200 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FRANCINE PARKER | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $437,433 | $0 | $0 | $0 | $4,356 | $0 | $24,000 | $0 | $6,560 | $0 | $472,349 | $0 | $0 | $0 |
| AVTAR VASU - END 123115 | ||||||||||||||
| INTERIM CIO | $496,695 | $0 | $692,641 | $0 | $990 | $0 | $17,825 | $0 | $14,886 | $0 | $1,223,037 | $0 | $339,215 | $0 |
| MARY BETH KUDERIK | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $425,253 | $0 | $0 | $0 | $2,838 | $0 | $24,000 | $0 | $16,279 | $0 | $468,370 | $0 | $0 | $0 |
| LINDA DENOMME | ||||||||||||||
| LEGAL COUNSEL | $268,843 | $0 | $0 | $0 | $1,224 | $0 | $24,000 | $0 | $468 | $0 | $294,535 | $0 | $0 | $0 |
| RONALD BERRY | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $169,758 | $0 | $0 | $0 | $345 | $0 | $0 | $0 | $7,456 | $0 | $177,559 | $0 | $0 | $0 |
| GARON MEIKLE | ||||||||||||||
| CONTROLLER | $268,224 | $0 | $0 | $0 | $484 | $0 | $18,000 | $0 | $16,534 | $0 | $303,242 | $0 | $0 | $0 |
| FRANCOIS GAGNON | ||||||||||||||
| SR MANAGING DIRECTOR | $358,508 | $0 | $190,520 | $0 | $1,518 | $0 | $474,265 | $0 | $17,893 | $0 | $1,042,704 | $0 | $190,520 | $0 |
| BENJAMIN COTTON | ||||||||||||||
| MANAGING DIRECTOR | $358,118 | $0 | $188,329 | $0 | $985 | $0 | $432,602 | $0 | $18,505 | $0 | $998,539 | $0 | $184,474 | $0 |
| SCOTT LUPKAS | ||||||||||||||
| MANAGING DIRECTOR | $342,409 | $0 | $181,263 | $0 | $660 | $0 | $472,040 | $0 | $18,352 | $0 | $1,014,724 | $0 | $181,263 | $0 |
| BRIAN GIMOTTY | ||||||||||||||
| DIRECTOR, PRIVATE EQUITY | $265,951 | $0 | $115,887 | $0 | $870 | $0 | $231,692 | $0 | $17,893 | $0 | $632,293 | $0 | $91,736 | $0 |
| ROBERT MACARTHUR | ||||||||||||||
| MANAGING DIRECTOR, RISK MANAGER | $358,508 | $0 | $0 | $0 | $660 | $0 | $18,000 | $0 | $18,505 | $0 | $395,673 | $0 | $0 | $0 |
| KENNETH FRIER - END 9152014 | ||||||||||||||
| FORMER CIO | $0 | $0 | $0 | $0 | $103,892 | $0 | $0 | $0 | $0 | $0 | $103,892 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4A | KEN FRIER RECEIVED SEVERANCE PAYMENT OF $103,382 IN 2015. |
| SCHEDULE J, PART III: COMPENSATION FROM UNRELATED ORGANIZATIONS: | ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES PERFORMANCE-BASED INCENTIVE. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY DEFERRED PORTION OF THE INCENTIVE. ANY AMOUNT ULTIMATELY PAID TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE ORGANIZATION CONTRIBUTED TO UAW RETIREE MEDICAL BENEFITS TRUST INVESTMENT STAFF INCENTIVE COMPENSATION PLAN AND THE FOLLOWING INDIVIDUALS RECEIVED PAYMENT. THIS IS REPORTED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C: SCOTT LUPKAS: 454,040 BENJAMIN COTTON: 414,612 FRANCOIS GAGNON: 474,265 BRIAN GIMOTTY: 220,194 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BCBS OF MICHIGAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | COMMON DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $126,763,462 | TransactionAmt |
| Transaction | CLAIMS ADMINISTRATION | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE L, PART IV | FormAndLineReferenceDesc |
| Explanation | JIM SETTLES IS 1 OF 11 DIRECTORS OF THE UAW RETIREE MEDICAL BENEFITS TRUST ("RMBT"), AND 1 OF 33 DIRECTORS OF BLUE CROSS BLUE SHIELD OF MICHIGANRMBT TRUSTEES NORWOOD JEWELL, DENNIS WILLIAMS, JAMES SETTLES, AND CINDY ESTRADA ARE ALL MEMBERS OR OFFICERS OF THE INTERNATIONAL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA ("UAW"). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JIM SETTLES IS 1 OF 11 DIRECTORS OF THE UAW RETIREE MEDICAL BENEFITS TRUST ("RMBT"), AND 1 OF 33 DIRECTORS OF BLUE CROSS BLUE SHIELD OF MICHIGAN RMBT TRUSTEES NORWOOD JEWELL, DENNIS WILLIAMS, JAMES SETTLES, AND CINDY ESTRADA ARE ALL MEMBERS OR OFFICERS OF THE INTERNATIONAL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA ("UAW"). |
| FORM 990, PART VI, SECTION A, LINE 7A | THE UAW MEMBERS WHO ARE ELECTED TO THE RMBT BOARD SERVE AT THE DISCRETION OF THE UAW INTERNATIONAL PRESIDENT, AND MAY BE REMOVED OR REPLACED, AND A SUCCESSOR DESIGNATED, AT ANY TIME BY WRITTEN NOTICE FROM THE UAW INTERNATIONAL PRESIDENT TO THE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11 | A PROFESSIONAL TAX PREPARER IS ENGAGED TO PREPARE THE FORM 990. THE TRUST'S CHIEF FINANCIAL OFFICER, AS WELL AS EXTERNAL COUNSEL, REVIEW THE FORM 990 PRIOR TO SUBMITTING TO THE AUDIT COMMITTEE OF THE TRUST FOR THEIR REVIEW. A DRAFT COPY OF FORM 990 IS PROVIDED TO THE MEMBERS OF THE COMMITTEE (I.E. THE GOVERNING BODY OF THE TRUST) FOR REVIEW PRIOR TO FINALIZATION AND FILING WITH THE INTERNAL REVENUE SERVICE. THE INDEPENDENT CPA FIRM PREPARING THE RETURN IS AVAILABLE FOR THE COMMITTEE MEMBERS TO ASK QUESTIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUST'S CONFLICT OF INTEREST POLICY IS APPLIED TO ALL EMPLOYEES AND COMMITTEE MEMBERS, AS WELL AS THEIR IMMEDIATE FAMILY MEMBERS. EACH OF THESE INDIVIDUALS MUST DISCLOSE ALL 5% OR GREATER OWNERSHIP INTERESTS, COMPENSATION ARRANGEMENTS AND BOARD MEMBERSHIPS TO THE TRUST UPON COMMENCEMENT OF THEIR ROLE, AND TO PROVIDE QUARTERLY UPDATES OF ANY CHANGES IN THEIR DISCLOSURES. FURTHER, BUSINESS MEALS AND EDUCATIONAL CONFERENCES ARE SEVERELY RESTRICTED AND MUST BE DISCLOSED. THE TRUST'S GENERAL COUNSEL REVIEWS ALL CONFLICT OF INTEREST DISCLOSURE FORMS. |
| FORM 990, PART VI, SECTION B, LINE 15 | UPON FORMATION THE UAW RETIREE MEDICAL BENEFITS TRUST ENGAGED INDEPENDENT CONSULTANTS AND EXECUTIVE SEARCH FIRMS TO CONSULT WITH MEMBERS OF THE TRUST'S GOVERNING BODY ("THE COMMITTEE") TO ESTABLISH STAFFING NEEDS, JOB REQUIREMENTS, COMPENSATION BENCHMARKS AND SALARY RANGES. THE INDEPENDENT CONSULTANTS INITIALLY WORKED WITH THE COMMITTEE CHAIRMAN AND THEN SUBSEQUENTLY WITH THE OTHER MEMBERS OF THE COMMITTEE TO IDENTIFY NECESSARY JOB POSITIONS, DEVELOP AN ORGANIZATION CHART, PREPARE JOB DESCRIPTIONS, ASSIGN PAY GRADE TO EACH POSITION, AND BENCHMARK SALARY SURVEYS FOR VARIOUS JOB POSITIONS. SALARY SURVEYS CONSIDERED HEALTH CARE ORGANIZATIONS, INVESTMENT MANAGEMENT FIRMS, AND OTHER TRUST ORGANIZATIONS. THIS BENCHMARK DATA WAS USED BY THE COMMITTEE TO ESTABLISH AND APPROVE COMPENSATION OFFERED TO THE TRUST'S FIRST CEO, CFO AND CIO, AS WELL AS ESTABLISHING PAY RANGES FOR EACH LOWER PAY GRADE. THE COMMITTEE HAS SINCE BEEN ADVISED ON A PERIODIC BASIS OF STAFFING STATUS AND ACTIVITIES. SINCE INCEPTION INDEPENDENT PERIODIC COMPENSATION STUDIES ARE PERFORMED FOR KEY POSITIONS AND FOR NEW HIRES AT HIGHER PAY GRADES. ANNUAL MERIT FUNDING BASED ON INDEPENDENT STUDY FROM A COMPENSATION CONSULTANT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST MADE DIRECTLY TO THE ORGANIZATION. |
| PART VII | INDEPENDENT FIDUCIARIES HAVE BEEN APPOINTED FOR FCA US LLC AND GENERAL MOTORS COMPANY. THE INDEPENDENT FIDUCIARIES ARE NOT REQUIRED TO BE REPORTED IN PART VII BUT ARE BEING DISCLOSED IN SCHEDULE O DUE TO THE IMPORTANT ROLE IN ADMINISTERING THE RMBT INVESTMENTS. THE FOLLOWING EXPLAINS THE ROLE AND RESPONSIBILITIES OF THE INDEPENDENT FIDUCIARY IN MORE DETAIL: PURSUANT TO ARTICLE XI OF THE TRUST AGREEMENT, THE COMMITTEE, IN ITS SOLE DISCRETION, IS INSTRUCTED TO SELECT AND APPOINT INDEPENDENT FIDUCIARIES AS NAMED FIDUCIARY AND INVESTMENT MANAGERS WHO, FROM AND AFTER THE DATE OF THE SETTLEMENT AGREEMENTS WITH EACH OF FCA US LLC, AND GENERAL MOTORS COMPANY, SHALL HAVE AND EXERCISE ALL DISCRETIONARY POWER AND AUTHORITY OF THE TRUST WITH RESPECT TO THE MANAGEMENT, DISPOSITION AND VOTING OF THE RESPECTIVE SECURITIES CONTRIBUTED BY EACH OF THE AUTOMOTIVE COMPANIES, EXCEPT THAT THE RIGHT TO DESIGNATE OR REPLACE ANY DIRECTOR OF THE CONTRIBUTING AUTOMOTIVE COMPANY SHALL BE EXERCISED BY THE COMMITTEE. PURSUANT TO ITS AUTHORITY UNDER THE TRUST AGREEMENT, THE COMMITTEE HAS DELEGATED TO THE INVESTMENT SUBCOMMITTEE THE AUTHORITY TO RETAIN THE INDEPENDENT FIDUCIARY AND MONITOR THE PERFORMANCE OF ITS SERVICES. THE COMMITTEE HAS THE POWER TO REMOVE AND REPLACE AN INDEPENDENT FIDUCIARY FOR CAUSE. THE INDEPENDENT FIDUCIARY IS AUTHORIZED AS FOLLOWS FOR THE RESPECTIVE SECURITIES: 1. EXERCISE DIRECTLY OR ON BEHALF OF THE TRUST, OR DIRECT THE TRUSTEE TO EXERCISE AS APPROPRIATE, ALL OF THE TRUST'S LEGAL AND CONTRACTUAL AUTHORITY AND RESPONSIBILITY AS OWNER OF THE NOTES, THE SHARES, AND ANY FUTURE SECURITIES (AS APPLICABLE) (HEREIN COLLECTIVELY REFERRED TO AS "AUTO SECURITIES") ACQUIRED BY THE TRUST, INCLUDING: A. EXERCISING ALL RIGHTS OF THE TRUST OR VEBA HOLDCO IN ITS SOLE DISCRETION INCLUDING BUT NOT LIMITED TO INITIATION OR PARTICIPATION IN THE REGISTRATION OF ANY AUTO SECURITIES; EXERCISING ALL VOTING RIGHTS WITH RESPECT TO AUTO SECURITIES, AND NEGOTIATING AND ACCEPTING ANY AMENDMENTS TO THE TRANSACTION AGREEMENTS; B. ACCEPTING ANY CONTRIBUTION OF ADDITIONAL AUTO SECURITIES; C. VALUING THE AUTO SECURITIES; D. MAKING ANY DECISION TO SELL, LOAN, HYPOTHECATE, PLEDGE AS SECURITY FOR A LOAN, EXCHANGE, CONVERT OR OTHERWISE DISPOSE OF ALL OR ANY OF THE AUTO SECURITIES; E. COMPLYING WITH ANY CONDITIONS OR LIMITATIONS IN ANY FINAL PROHIBITED TRANSACTION EXEMPTION ("PTE") ISSUED BY THE DEPARTMENT OF LABOR; F. COMPLYING OR ASSISTING AUTO IN COMPLYING AS REQUIRED IN ANY TRANSACTION AGREEMENT, WITH ANY REGULATORY OR OTHER REQUIREMENTS, INCLUDING FILING OBLIGATIONS; G. INITIATING OR PARTICIPATING IN ANY CLAIM OR SUIT AGAINST A PARTY TO ANY OF THE TRANSACTION AGREEMENTS ARISING OUT OF BREACH, OR RELATED TO THE ISSUANCE AND OWNERSHIP OF, THE AUTO SECURITIES; H. THE INDEPENDENT FIDUCIARY MAY ALSO SELECT AND CONTRACT ON BEHALF OF THE TRUST WITH SUCH AUDITORS, APPRAISERS, ACTUARIES, INVESTMENT ADVISORS, BROKERS, DEALERS AND UNDERWRITERS, AND OUTSIDE LEGAL COUNSEL AS THE INDEPENDENT FIDUCIARY DEEMS APPROPRIATE TO ASSIST THE INDEPENDENT FIDUCIARY IN THE PERFORMANCE OF ITS DUTIES. 2. ADVISE THE COMMITTEE WITH RESPECT TO THE MANNER IN WHICH AUTO SECURITIES SHOULD BE REFLECTED OR INCORPORATED INTO THE FUNDING POLICY TO BE ADOPTED BY THE COMMITTEE. 3. REPORT AT LEAST ONCE A YEAR TO THE COMMITTEE AS A WHOLE, AND PERIODICALLY REPORT AS NECESSARY TO THE INVESTMENT COMMITTEE. |
| FORM 990, PART VIII AND PART IX | FOR PROFIT SUBSIDIARY PRESENTATION: THIS FORM 990 IS FOR THE TRUST THAT ENCOMPASSES THREE PLANS. THE FORM 990 IS REPORTED AT THE TRUST LEVEL AND INCLUDES THE SUM OF THE THREE PLAN FINANCIAL STATEMENTS. |
| PART X | COMMON STOCK-GM: AS OF DECEMBER 31, 2015 AND 2014, THE PLAN HOLDS 140.15 MILLION SHARES OF GM'S COMMON STOCK REPRESENTING A 9.3% AND 8.8% OWNERSHIP INTEREST, RESPECTIVELY. THE PLAN HAS THE RIGHT, UNDER THE DIRECTION OF THE INDEPENDENT FIDUCIARY, TO REQUIRE GM, IN CERTAIN CIRCUMSTANCES, TO FILE REGISTRATION STATEMENTS UNDER THE SECURITIES ACT COVERING ADDITIONAL RESALES OF GM'S COMMON STOCK AND THE RIGHT TO PARTICIPATE IN OTHER REGISTERED OFFERINGS MADE BY GM IN CERTAIN CIRCUMSTANCES. THE FAIR VALUE OF THE GM COMMON STOCK WAS VALUED AT $4,767 MILLION AND $4,893 MILLION AS OF DECEMBER 31, 2015, AND DECEMBER 31, 2014, RESPECTIVELY, BASED ON GM'S PUBLICLY TRADED COMMON STOCK PRICE FROM THE ACTIVE MARKET IN WHICH THE SECURITY TRADES OF $34.01 AND $34.91 PER SHARE, RESPECTIVELY NOTE RECEIVABLE - FCA: IN CONNECTION WITH THE 2014 SALE OF THE CHRYSLER MEMBERSHIP INTEREST, THE TRUST WAS THE BENEFICIARY OF AN AGREEMENT BETWEEN FCA AND THE UAW PURSUANT TO WHICH FCA SHALL MAKE CASH CONTRIBUTIONS AGGREGATING $700 MILLION TO THE TRUST IN FOUR EQUAL ANNUAL INSTALLMENTS. THE INITIAL PAYMENT OF $175 MILLION UNDER AGREEMENT WAS RECEIVED ON JANUARY 21, 2014, AND ADDITIONAL PAYMENTS OF $175 MILLION EACH WILL BE RECEIVABLE ON THE NEXT THREE ANNIVERSARIES OF THE INITIAL PAYMENT. THE RECEIVABLE AS OF DECEMBER 31, 2015 AND 2014, WAS $342 MILLION AND $501 MILLION, RESPECTIVELY, AND IS INCLUDED IN NOTES RECEIVABLE IN THE STATEMENTS OF NET ASSETS. THE TRUST RECEIVED THE THIRD INSTALLMENT OF $175 MILLION ON JANUARY 21, 2016. |
| FORM 990, PART X | DURING 2014, THE TRUST ESTABLISHED WHOLLY OWNED CONSOLIDATED FOREIGN HOLDING COMPANIES IN THE UNITED KINGDOM TO FACILITATE FOREIGN INVESTMENTS THROUGH A DEDICATED OPERATING ENTITY. FINANCIAL ASSETS HELD BY THE FOREIGN HOLDING COMPANIES WERE INCLUDED IN THE CONSOLIDATED TRUST FINANCIAL STATEMENTS. THE AMOUNTS REPORTED ON THE FORM 990 INCLUDE ONLY ACCOUNT BALANCES FROM U.S. COMPANIES INCLUDED IN THE TRUST. ACCOUNT BALANCES RELATED TO THE FOREIGN HOLDING COMPANIES THAT WERE NOT REPORTED ON THE FORM 990 ARE INCLUDED BELOW TO RECONCILE AMOUNTS REPORTED ON THE FORM 990 TO THE AUDITED FINANCIAL STATEMENTS. TOTAL ASSETS REPORTED ON FORM 990, PART X 58,738,424,338 FHC CASH 732,937 FHC PREPAID EXPENSES 11,738 FHC REAL ASSETS 80,763,259 INVESTMENT IN FHC (79,254,256) TOTAL ASSETS PER TRUST FINANCIALS 58,740,678,017 TOTAL LIABILITIES REPORTED ON FORM 990, PART X 2,388,916,002 FHC ACCOUNTS PAYABLE 32,843 FHC TAX PAYABLE 42,603 TOTAL LIABILITIES PER TRUST FINANCIALS 2,388,991,448 TOTAL NET ASSETS REPORTED ON FORM 990, PART X 56,349,508,335 FHC NET ASSETS 2,178,234 TOTAL NET ASSETS PER TRUST FINANCIALS 56,351,686,569 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | |||||||||
| PO BOX 804358 | CHICAGO | IL | 60680 | 906208791 | GRANTOR TRUST | MI | -$2,833,449 | $253,349,019 | UAW RETIREE MEDICAL BENEFITS TRUST |
| BLACKROCK CCT - SUBORDINATE TRUST OF UAW RMBT | |||||||||
| 400 HOWARD STREET | SAN FRANCISCO | CA | 94105 | 306265747 | GRANTOR TRUST | MI | -$7,730,002 | $570,774,811 | UAW RETIREE MEDICAL BENEFITS TRUST |
| WELLINGTON - GLOBAL MANAGED RISK PLUS II | |||||||||
| 280 CONGRESS STREET | BOSTON | MA | 02210 | 463079916 | LIQUID ASSET PARTNER | MA | -$11,171,895 | $564,984,005 | UAW RETIREE MEDICAL BENEFITS TRUST |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALPINVEST A2 INVESTMENT FUND II LP | |||||||||||||||||||
| 630 FIFTH AVENUE 28TH FLOOR | NEW YORK | NY | 10111 | 471663811 | PRIVATE EQUITY | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $19,882,154 | $184,851,291 | 0 | -$276,411 | 0 | 0.99000 | |||||
| ALPINVEST A2 INVESTMENT FUND LP | |||||||||||||||||||
| 630 FIFTH AVENUE 28TH FLOOR | NEW YORK | NY | 10111 | 462426430 | PRIVATE EQUITY | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $41,913 | $21,129,829 | 0 | $2,174 | 0 | 0.99000 | |||||
| AMERA AGRI MULTI STRATEGY FUND LP | |||||||||||||||||||
| 1185 AVENUE OF THE AMERICAS 17TH FL | NEW YORK | NY | 10036 | 465521189 | REAL ASSETS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $15,418,916 | $2,372,314,447 | 0 | $250,492 | 0 | 0.99370 | |||||
| AQR MULTI-STRATEGY FUND VI LP | |||||||||||||||||||
| 2 GREENWICH PLAZA 3RD FLOOR | GREENWICH | CT | 06830 | 320412569 | LIQUID ASSET PARTNER | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $218,182,446 | $208,716,965 | 0 | 0 | 0.99780 | ||||||
| BLACK RIVER AGRICULTURAL FUND 21 | |||||||||||||||||||
| 9320 EXCELSIOR BOULEVARD MS 143-5-2 | HOPKINS | MN | 55343 | 472322335 | REAL ASSETS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | -$260,627 | $42,111,258 | 0 | 0 | 0.88610 | ||||||
| BLUE ISLE FUTURES FUND LTD (ABBEY CAPITAL) | |||||||||||||||||||
| 981261928 | HEDGE ASSETS | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $1,821,549 | $195,729,574 | 0 | 0 | 0.99990 | VICTORIA PLACE 31 VICTORIA STREET | HAMILTON | BD | HM 10 | BM | ||||||
| BTG PACTUAL BRAZIL TIMBERLAND FUND I D LP | |||||||||||||||||||
| REAL ASSETS | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $20,232,093 | 0 | 0 | 0.99000 | PO BOX 309 UGLAND HOUSE | GRAND CAYMAN | CJ | KY1-1104 | CJ | ||||||||
| CONTRARIAN CAP - VEBA LONG TERM (CCM PENSION C LLC) | |||||||||||||||||||
| 411 WEST PUTNAM AVENUE SUITE 425 | GREENWHICH | CT | 06830 | 263705558 | PRIVATE CREDIT | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $221,774 | $18,489,075 | 0 | $115,320 | 0 | 0.85590 | |||||
| HARBOURVEST REAL ASSETS-ENERGY FUND II LP | |||||||||||||||||||
| ONE FINANCIAL CENTER 44TH FLOOR | BOSTON | MA | 02111 | 472184367 | REAL ASSETS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | UNRELATED | -$5,384,572 | $149,623,220 | 0 | -$8,181,367 | 0 | 1.00000 | |||||
| HARBOURVEST REAL ASSETS-ENERGY FUND LP | |||||||||||||||||||
| ONE FINANCIAL CENTER 44TH FLOOR | BOSTON | MA | 02111 | 465164921 | REAL ASSETS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | UNRELATED | $21,336,628 | $156,200,348 | 0 | $2,439,069 | 0 | 1.00000 | |||||
| INVESCO INSTITUTIONAL TRUST GLOBAL ASSET ALLOCATION STRATEGY FUND | |||||||||||||||||||
| 20 TRAFALGAR SQUARE SUITE 449 | NASHUA | NH | 03063 | 463402278 | LIQUID ASSET PARTNER | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $3,129,212 | $816,845,154 | 0 | 0 | 0.99990 | ||||||
| NORTHWOOD REAL ESTATE PARTNERS 2012 LP | |||||||||||||||||||
| 1819 WAZEE STREET 2ND FLOOR | DENVER | CO | 80202 | 320396964 | REAL ASSETS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $4,356,963 | $28,905,828 | 0 | -$394 | 0 | 0.99830 | |||||
| OAKTREE-TMBR STRATEGIC CREDIT FUND C LLC | |||||||||||||||||||
| 333 SOUTH GRANDE AVE 28TH FL | LOS ANGELES | CA | 90071 | 800946063 | PRIVATE CREDIT | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $1,831,106 | $52,573,124 | 0 | -$12,632 | 0 | 0.99830 | |||||
| OAKTREE-TMBR STRATEGIC CREDIT FUND F LLC | |||||||||||||||||||
| 333 SOUTH GRANDE AVE 28TH FL | LOS ANGELES | CA | 90071 | 800946063 | PRIVATE CREDIT | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $3,786,147 | $107,361,783 | 0 | -$101,067 | 0 | 0.99810 | |||||
| OAKTREE-TMBR STRATEGIC CREDIT FUND G LLC | |||||||||||||||||||
| 333 SOUTH GRANDE AVE 28TH FL | LOS ANGELES | CA | 90071 | 800946063 | PRIVATE CREDIT | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $5,804,616 | $162,478,569 | 0 | -$138,967 | 0 | 0.84530 | |||||
| SALTUS SEPARATE ACCOUNT LP (GMORR) | |||||||||||||||||||
| 40 ROWES WHARF | BOSTON | MA | 02110 | 473397090 | REAL RETURNS | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $123,571 | $13,519,759 | 0 | 0 | 0.99910 | ||||||
| Z CAPITAL SPECIAL SITUATIONS FUND II-B LP | |||||||||||||||||||
| TWO CONWAY PARK 150 FIELD DRIVE SUI | LAKE FOREST | IL | 60565 | 455179518 | PRIVATE CREDIT | DE | UAW RETIREE MEDICAL BENEFITS TRUST | EXCLUDED FROM TAX UN | $16,306,644 | $45,170,116 | 0 | $12,647,785 | 0 | 0.88290 | |||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (11 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A & Q ABSOLUTE STRATEGIES II LTD (UBS GLOBAL ASSET MGT) | |||||||||||||||||
| PO BOX 897 REGATTA OFFICE PARK WE | GEORGETOWN | GRAND CAYMAN | CJ | KY1-1103 | HEDGE FUND | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | $6,153 | $514,619,097 | 1.00000 | 0 | |||||
| ALTERNIA PREMIA INC (GAM) | |||||||||||||||||
| 12 ST JAMES PLACE | LONDON | UK | SW1A 1NX | LIQUI ASSET PARTNER | VI | UAW RETIREE MEDICAL BENEFITS TRUST | C | -$72,558,518 | 0 | ||||||||
| COLLER INT'L PARTNERS VI FEEDER FUND E LP | |||||||||||||||||
| TRAFALGAR COURT LES BANQUES ST PE | CHANNEL ISLANDS | CJ | GY1 3QL | PRIVATE EQUITY | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | $219,061,844 | 0.99990 | 0 | |||||||
| CORE INVESTMENT CO-INVESTMENT TRUST | |||||||||||||||||
| RENTAL REAL ESTATE | TX | UAW RETIREE MEDICAL BENEFITS TRUST | C | $1,447 | $1,634,340 | 1.00000 | 0 | 2800 POST OAK BLVD SUITE 4800 | HOUSTON | TX | 77056 | 201092763 | |||||
| FINANCIAL RISK MANAGEMENT DIVERSIFIED FUND LTD (FRM) | |||||||||||||||||
| 190 ELGIN AVENUE | GEORGETOWN | GRAND CAYMAN | CJ | KY1-9005 | HEDGE FUND | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | $2,089,795 | 1.00000 | 0 | ||||||
| GOLDMAN SACHS MULTI STRATEGY PORTFOLIO II LTD | |||||||||||||||||
| 190 ELGIN AVENUE | GEORGETOWN | GRAND CAYMAN | CJ | KY1-9005 | HEDGE FUND | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | $6,436 | $715,490,855 | 0.99000 | 0 | |||||
| LAE (LANCASTER) BPI FUND LTD | |||||||||||||||||
| PO BOX 309 UGLAND HOUSE | GRAND CAYMAN | CJ | KY1-1104 | HEDGE FUND | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | $937,536 | $182,207,836 | 1.00000 | 0 | ||||||
| RMBT UK-C CORP LIMITED | |||||||||||||||||
| 20 CHURCHILL PLACE CANARY WHARF | LONDON | UK | E14 5HJ | REAL ASSETS | UK | UAW RETIREE MEDICAL BENEFITS TRUST | C | $2,778,155 | $16,783,874 | 1.00000 | 0 | ||||||
| RMBT UK-F CORP LIMITED | |||||||||||||||||
| 20 CHURCHILL PLACE CANARY WHARF | LONDON | UK | E14 5HJ | REAL ASSETS | UK | UAW RETIREE MEDICAL BENEFITS TRUST | C | $4,545,307 | $27,512,131 | 1.00000 | 0 | ||||||
| RMBT UK-G CORP LIMITED | |||||||||||||||||
| 20 CHURCHILL PLACE CANARY WHARF | LONDON | UK | E14 5HJ | REAL ASSETS | UK | UAW RETIREE MEDICAL BENEFITS TRUST | C | $6,137,264 | $37,211,931 | 1.00000 | 0 | ||||||
| UPSTREAM INSTITUTIONAL LTD (UPSTREAM PARTNERS) | |||||||||||||||||
| 800 WESTCHESTER AVENUE S-528 | RYE BROOK | CJ | 10573 | HEDGE FUND | CJ | UAW RETIREE MEDICAL BENEFITS TRUST | C | 0 | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (45 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| A & Q ABSOLUTE STRATEGIES II LTD (UBS GLOBAL ASSET MGT) | ||
| A | $6,153 | FMV |
| A & Q ABSOLUTE STRATEGIES II LTD (UBS GLOBAL ASSET MGT) | ||
| S | $26,462,285 | FMV |
| ALPINVEST A2 INVESTMENT FUND LP | ||
| B | $76,475,631 | FMV |
| ALPINVEST A2 INVESTMENT FUND LP | ||
| S | $45,934,387 | FMV |
| ALPINVEST A2 INVESTMENT FUND II LP | ||
| B | $18,844,650 | FMV |
| ALPINVEST A2 INVESTMENT FUND II LP | ||
| S | $348,949 | FMV |
| ALTERNIA PREMIA INC (GAM) | ||
| A | $3,428,661 | FMV |
| ALTERNIA PREMIA INC (GAM) | ||
| B | $43,000 | FMV |
| ALTERNIA PREMIA INC (GAM) | ||
| F | $741,146,814 | FMV |
| AMERRA AGRI MULTI-STRATEGY FUND LP | ||
| B | $71,002,189 | FMV |
| AMERRA AGRI MULTI-STRATEGY FUND LP | ||
| S | $61,996,561 | FMV |
| AQR MULTI-STRATEGY FUND VI LP | ||
| B | $1,453,680,787 | FMV |
| AQR MULTI-STRATEGY FUND VI LP | ||
| S | $99,393,400 | FMV |
| BLACK RIVER AGRICULTURE FUND 21 | ||
| B | $40,610,103 | FMV |
| BLACK RIVER AGRICULTURE FUND 21 | ||
| S | $245,196 | FMV |
| BLUE ISLE FUTURES FUND LTD (ABBEY CAPITAL) | ||
| B | $200,000,000 | FMV |
| BTG PACTUAL BRAZIL TIMBERLAND FUND I D LP | ||
| B | $32,176,252 | FMV |
| COLLER INT'L PARTNERS VI FEEDER FUND E LP | ||
| B | $56,491,323 | FMV |
| COLLER INT'L PARTNERS VI FEEDER FUND E LP | ||
| S | $5,302,284 | FMV |
| CONTRARIAN CAP - VEBA LONG TERM (CCM PENSION C LLC) | ||
| S | $35,000,002 | FMV |
| FINANCIAL RISK MANAGEMENT DIVERSIFIED FUND LTD (FRM) | ||
| S | $1,091,341 | FMV |
| GOLDMAN SACHS MULTI STRATEGY PORTFOLIO II LTD | ||
| F | $6,436 | FMV |
| GOLDMAN SACHS MULTI STRATEGY PORTFOLIO II LTD | ||
| S | $44,365,289 | FMV |
| HARBOURVEST REAL ASSETS-ENERGY FUND II LP | ||
| B | $153,250,000 | FMV |
| HARBOURVEST REAL ASSETS-ENERGY FUND LP | ||
| B | $121,111,242 | FMV |
| HARBOURVEST REAL ASSETS-ENERGY FUND LP | ||
| S | $10,961,871 | FMV |
| INVESCO INSTITUTIONAL TRUST GLOBAL ASSET ALLOCATION STRATEGY FUND | ||
| B | $116,000,000 | FMV |
| INVESCO INSTITUTIONAL TRUST GLOBAL ASSET ALLOCATION STRATEGY FUND | ||
| S | $108,000,000 | FMV |
| LAE (LANCASTER) BPI FUND LTD | ||
| A | $217,090 | FMV |
| LAE (LANCASTER) BPI FUND LTD | ||
| F | $720,446 | FMV |
| NORTHWOOD REAL ESTATE PARTNERS 2012 LP | ||
| B | $18,052,285 | FMV |
| NORTHWOOD REAL ESTATE PARTNERS 2012 LP | ||
| S | $9,772,187 | FMV |
| OAKTREE-TBMR STRATEGIC CREDIT FUND C LLC | ||
| B | $25,000,000 | FMV |
| OAKTREE-TBMR STRATEGIC CREDIT FUND F LLC | ||
| B | $22,500,000 | FMV |
| OAKTREE-TBMR STRATEGIC CREDIT FUND G LLC | ||
| B | $37,500,000 | FMV |
| RMBT UK-C CORP LIMITED | ||
| B | $2,232,054 | FMV |
| RMBT UK-F CORP LIMITED | ||
| B | $3,652,423 | FMV |
| RMBT UK-G CORP LIMITED | ||
| B | $4,937,575 | FMV |
| SALTUS SEPARATE ACCOUNT LP (GMORR) | ||
| B | $15,650,000 | FMV |
| UPSTREAM INSTITUTIONAL LTD (UPSTREAM PARTNERS) | ||
| S | $1,213,835 | FMV |
| WELLINGTON - GLOBAL MANAGED RISK PLUS II | ||
| B | $141,000,749 | FMV |
| WELLINGTON - GLOBAL MANAGED RISK PLUS II | ||
| S | $7,000,749 | FMV |
| Z CAPITAL SPECIAL SITUATIONS FUND II-B LP | ||
| A | $2,901,505 | FMV |
| Z CAPITAL SPECIAL SITUATIONS FUND II-B LP | ||
| B | $19,994,683 | FMV |
| Z CAPITAL SPECIAL SITUATIONS FUND II-B LP | ||
| S | $31,247,110 | FMV |