2015-10-05T16:46:08-05:00 2014-12-31 861065772 Deloitte Tax LLP 50 South Sixth Street Suite 2800 Minneapolis MN 55402 990 2014-01-01 421122086 Iowa Bankers Benefit Plan IOWA 5152864300 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 Merritt D Krause Chief Administrative Officer 5152864300 2015-09-29 1 Chris Meskimen P01314196 6123974000 2014 2016-02-25 16:41:14Z Merritt D Krause 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 115734626 0 X N/A X 1978 IA Provide health & welfare benefits to employees of participating employers. 7 7 0 0 0 0 0 0 118570147 114960172 266951 225573 531557 548881 119368655 115734626 0 0 109915283 109719093 0 0 0 0 0 4404101 6721970 114319384 116441063 5049271 -706437 29600162 30358874 12979603 14444752 16620559 15914122 The IBBP Trust was established to provide group health insurance, group life insurance, and long-term and short-term disability insurance coverage to substantially all employees of participating employers. 0 0 Provision of health & welfare benefits for employees of participating employers. 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 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IA X Jeff Heuer 5152864300 8800 NW 62nd Ave Box 6210 Johnston IA 50131 Gregory W Turner Trustee 1.00 X 0 0 0 David A Coulter Trustee 1.00 X 0 0 0 Joshua M Guttau Trustee 1.00 X 0 0 0 Gary S Kahn Trustee 1.00 X 0 0 0 Thomas J Larson Trustee 1.00 X 0 0 0 Keith W Lazar Trustee 1.00 X 0 0 0 Alex J Oponski Trustee 1.00 X 0 0 0 James R Brown Trustee 1.00 X 0 0 0 Merritt D Krause CPCU CIC Chief Administrative Officer 1.00 40.00 X 0 257944 19215 John K Sorensen President and CEO of IBA 1.00 40.00 X 0 350952 20036 0 608896 39251 0 0 1 0 Wellmark Blue Cross & Blue Shield of Iow PO Box 9232 Des Moines IA 50306 Claim Processing 3796726 Delta Dental PO Box 9000 Johnston IA 50131 Claim Processing 335518 2 Premium Contributions 900001 114960172 114960172 114960172 225573 225573 Pharmacy Rebate 900001 548881 548881 548881 115734626 115509053 0 225573 X 109719093 38683 31927 6651360 116441063 860809 805917 28453774 29410694 285579 142263 29600162 30358874 1414266 1569753 11565337 12874999 12979603 14444752 X 0 0 0 0 16620559 15914122 16620559 15914122 29600162 30358874 -706437 0 X 0 1 X 1 0 0 Claim Reserves 11362567 IBNR Claim Reserve Liability 1512432 12874999 X 115734626 0 115734626 0 115734626 116441063 0 116441063 0 116441063 Part X, Line 2: The Plan accounts for income taxes under the liability method as prescribed by Accounting Standards Codification (ASC) 740, Income Taxes. Under the liability method, deferred income taxes are derived on the differences between the book and tax basis of assets and liabilities. The Plan had book and tax differences on the carrying value of certain investments. 0 0 0 Merritt D Krause CPCU CIC Chief Administrative Officer 0 223266 0 23034 0 11644 0 7389 0 11826 0 277159 0 0 John K Sorensen President and CEO of IBA 0 302111 0 33802 0 15039 0 7970 0 12066 0 370988 0 0 Part I, Line 1a Spousal travel and club dues were provided by "a related organization" to John Sorensen and Merritt D. Krause as taxable compensation. Part I, Line 3: The organization relies upon the methods used by the related organization to determine compensation. Delta Dental Common member 335518 Merritt D. Krause is a current board member of Delta Dental. 0 Form 990, Part VI, Section A, line 6 The Board of Directors of Iowa Bankers Insurance and Services, Inc. or a majority of the participating employers may remove and elect any or all of the trustees from their office. All actions and decisions of the trustees shall be determined by a majority vote of the trustees at any regular or special meeting of the trustees. Form 990, Part VI, Section A, line 7a See explanation in Part VI, Section A, Line 6. Form 990, Part VI, Section B, line 11 The finance committee reviews and approves the Audited Financial Statements which then are used to complete the Form 990. The form 990 is provided to each Trustee for comments prior to filing of the form. This review includes an overview of the form and discussions related to key sections. Form 990, Part VI, Section B, line 12c The Iowa Bankers Benefit Plan requires annual disclosure of a conflict of interest by a trustee, director, officer, key employee to the Chairman of the Board of Trustees and Chief Administrative Officer who are responsible for the oversight and enforcement of the policy. All disclosures are reviewed and any concerns are addressed. If conflicts are identified, the Chairman and Chief Administrative Officer work to ensure that the trustees, directors, officers, or key employees do not participate in discussions or vote on the affected matter. Form 990, Part VI, Section B, line 15 Iowa Bankers Association Executive Committee, which is made up of bankers from each of our Boards, determines the compensation of top management officials and officers using comparable data. Form 990, Part VI, Section C, line 19 Governing documents, conflicts of interest policy and financial statements are available to the public upon request. Form 990, Part IX, Line 11g: Servicing Fees - $4,132,244 Consulting Fees - $2,519,116 Iowa Bankers Association 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 420330040 Promote Banks IA Section 501(C)(6) N/A N/A 0 B U I L D 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 421208575 PAC IA Section 527 N/A N/A 0 Iowa Leaders in Education and Advocacy 8800 NW 62nd Avenue PO Box 6200 Johnston IA 50131 465523330 Social Welfare IA Section 501(C)(4) N/A IA Bankers Association 0 Iowa Bankers Insurance & Services Inc 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 420984998 Sales-Ins. & Mtg IA N/A C 0 Mid America Bankers Insurance Services 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 421167893 Banking Services IA N/A C 0 Iowa Bankers Mortgage Corporation 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 421130287 Mortgage Banking IA N/A C 0 Iowa-Midwest Insurance Company 8800 NW 62nd Avenue PO Box 6210 Johnston IA 501316210 860309358 Insurance IA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Iowa Bankers Insurance & Services S 923055 FMV Iowa Bankers Mortgage Corp S 807246 FMV