2015-11-09T10:52:28-06:00 2014-12-31 990 2014-01-01 223372287 Educational Testing Service Retiree Medical and Life Insurance Benefit Plan EDUC 6099219000 Rosedale Road MS 20-J Princeton NJ 08541 Thomas J Elliott EBAC Member 6099219000 2015-11-04 2014 2016-04-25 22:37:26Z Thomas J Elliott Rosedale Road MS 20-J Princeton NJ 08541 8848951 0 X n/a X 1994 NJ To fund medical and life insurance benefits for eligible retirees of Educational Testing Svc. 3 0 0 0 0 0 0 0 1145014 1168261 1330609 484603 0 0 2475623 1652864 0 0 3849371 4377614 35943 0 0 0 0 432049 352826 4317363 4730440 -1841740 -3077576 17611520 14599828 144614 72660 17466906 14527168 The funding of medical and life insurance benefits for eligible retirees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Retiree Medical and Life Insurance Plan. 0 0 The funding of medical and life insurance benefits for eligible retirees of ETS pursuant to the terms of the ETS 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 19864 0 0 Basehore John EBAC Member 0.10 40.00 X 0 347942 49065 Elliott Thomas J EBAC Member 0.10 40.00 X 0 383626 46338 Freddo Michael J Alternate EBAC Member 0.10 40.00 X 0 347744 46097 Schroeder Glenn C EBAC Member 0.10 40.00 X 0 566780 67338 19864 1646092 208838 0 0 1 0 Aetna Inc 151 Farmington Avenue Hartford CT 06156 Third party administration 228015 1 Employee contributions 900099 1168261 1168261 1168261 404246 404246 7276444 7196087 80357 80357 80357 1652864 1168261 0 484603 4377614 32170 19864 Third party administrat 300563 Bank Charges 229 4730440 38850 42335 0 20671 17572670 14536822 17611520 14599828 7138 17926 137476 54734 144614 72660 X 17466906 14527168 17466906 14527168 17611520 14599828 -3077576 137838 0 X X 0 1 X 1 0 0 Payable to Plan Sponsor 54734 54734 X 1790702 137838 137838 1652864 0 1652864 4730440 0 4730440 0 4730440 Part X, Line 2: The 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, 2014 and 2013 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, 2014 and 2013. 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 2011. 0 1 0 Basehore John EBAC Member 0 197902 0 108450 0 41590 0 31902 0 17163 0 397007 0 0 Elliott Thomas J EBAC Member 0 205775 0 125500 0 52351 0 22995 0 23343 0 429964 0 0 Freddo Michael J Alternate EBAC Member 0 186091 0 113875 0 47778 0 30125 0 15972 0 393841 0 0 Schroeder Glenn C EBAC Member 0 321914 0 221163 0 23703 0 45155 0 22183 0 634118 0 0 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 19864 Institutional Trustee Fees - $19,864 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") 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