2015-11-05T15:30:28-06:00 2014-12-31 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2014-01-01 132970130 The Episcopal Church Clergy and Employees Benefit TRUST % ECCEBT EPIS 2125921800 19 EAST 34TH STREET NEW YORK NY 10016 robert johnson svp northern trust co., as trustee 6315771867 2015-11-05 true Scott Thompsett P00741490 2125990100 2014 2016-04-25 22:37:26Z THE NORTHERN TRUST COMPANY 50 LASALLE STREET CHICAGO IL 60603 235002287 false X N/A X 1978 NY THE EPISCOPAL CHURCH CLERGY AND EMPLOYEES BENEFIT TRUST ("ECCEBT") BENEFIT TRUST ("ECCEBT") FUNDS WELFARE BENEFITS FOR ACTIVE AND RETIRED CLERGY AND LAY EMPLOYEES OF THE EPISCOPAL CHURCH. 1 1 0 0 0 0 0 0 213252962 226193411 1123953 1541608 231345 92622 214608260 227827641 0 0 190043414 205332165 0 0 0 0 0 24613546 26975772 214656960 232307937 -48700 -4480296 52986955 53720495 27327913 32105632 25659042 21614863 THE EPISCOPAL CHURCH CLERGY AND EMPLOYEES BENEFIT TRUST FUNDS WELFARE BENEFITS FOR ACTIVE AND RETIRED CLERGY AND LAY EMPLOYEES OF THE EPISCOPAL CHURCH. false false 0 0 0 THE EPISCOPAL CHURCH CLERGY AND EMPLOYEES BENEFIT TRUST COLLECTS CONTRIBUTIONS FROM, AND ON BEHALF OF, THE ACTIVE AND RETIRED CLERGY AND LAY EMPLOYEES OF THE EPISCOPAL CHURCH AND THEIR DEPENDENTS FOR THE PAYMENT OF WELFARE BENEFIT CLAIMS. THE EPISCOPAL CHURCH CLERGY AND EMPLOYEES BENEFIT TRUST CURRENTLY SERVES 100 EPISCOPAL DIOCESES PROVIDING MEDICAL AND DENTAL COVERAGE FOR 25,966 ACTIVE EMPLOYEE Members, and 9,660 RETIREE/SURVIVING members. 0 false false false false false false false false false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 20 0 true 0 false false false false false false X 1 1 false true false false false false false true true true false true true true true true true false X ECCEBT 2125921800 19 EAST 34TH STREET NEW YORK NY 100160109 X THE NORTHERN TRUST COMPANY INSTITUTIONAL TRUSTEE 1.0 0.0 X 122830 0 0 122830 0 0 1 false false false CHURCH PENSION GROUP SERVICES CORP 19 EAST 34TH STREET NEW YORK NY 10016 PLAN ADMINISTRATION 12684268 STONE RIVER INC SUMMIT 2010 24971 NETWORK PLACE CHICAGO IL 60673 NETWORK SOLUTIONS 659672 HDMS 3201 ENTERPRISE PARKWAY SUITE 100 BEACHWOOD OH 44155 DATA MANAGEMENT 312024 AON HEWITT ASSOCIATES LLC PO BOX 95135 CHICAGO IL 60694 ACTUARIAL SERVICES 265253 ERNST YOUNG LLP 5 TIMES SQUARE NEW YORK NY 10036 ACCOUNTING SERVICES 230000 5 0 EMPLOYER/EMPLOYEE CONTRIBUTIONS 525100 223433954 223433954 HMO RECEIPTS 525100 2759457 2759457 226193411 976448 976448 0 0 0 0 0 7739806 7174646 565160 565160 565160 0 0 0 HMO ADMINISTRATION FEES 561000 62622 62622 ADMINSTRATION FEE - CPGSC 561000 30000 30000 92622 227827641 226286033 1541608 0 0 0 205332165 0 0 0 0 0 0 0 51635 230000 0 0 13628 11145309 0 90172 1938017 0 157350 41153 0 37326 0 0 0 57775 CLAIM SETTLEMENT FEES 11164736 MANAGEMENT CONSULTING FEES 85639 HEALTH MANAGEMENT FEES 383852 TRANSITIONAL REINSURANCE FEES 1345743 233437 232307937 6753242 7656702 0 0 0 0 670225 587678 0 0 0 0 0 0 0 0 1613750 1723019 0 36704870 31173901 0 0 0 0 0 0 7244868 12579195 52986955 53720495 755826 1995446 0 0 7361385 8156302 0 0 0 0 0 0 0 0 0 0 19210702 21953884 27327913 32105632 X 0 0 0 0 25659042 21614863 25659042 21614863 52986955 53720495 -4480296 436117 X false true X true false ACCRUED INTEREST RECEIVABLE 135 PHARMACY VOLUME DISCOUNT 4629544 MEDICARE PART D SUBSIDY REC 6885998 REINSURANCE RECLASSIFICATION 1063518 12579195 0 HEALTH BENEFIT RESERVE 15250000 BENEFIT CLAIMS PAYABLE 5097499 DUE TO CHURCH PENSION GROUP SERVICE 1606385 21953884 225504301 436117 436117 225068184 2759457 2759457 227827641 229548480 229548480 2759457 2759457 232307937 PART XII AND PART XIII HMO PAYMENTS WERE NETTED AGAINST HMO PREMIUMS IN THE AUDITED FINANCIAL STATEMENTS, THEREBY REDUCING INCOME AND EXPENSES ACCORDINGLY BY IDENTICAL AMOUNTS. 990 PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES FOR ECCEBT ARE PERFORMED BY EMPLOYEES OF THE CHURCH PENSION GROUP SERVICES CORPORATION (CPGSC), THE SPONSOR OF THE ECCEBT. THESE EMPLOYEES ARE ASSIGNED TO WORK SOLELY IN THE ADMINISTRATION OF SERVICES TO THE MEMBERS AND THE PERFORMANCE OF MANAGEMENT DUTIES OF THE ECCEBT. 990 PART VI, SECTION A, LINE 19 THE NORTHERN TRUST COMPANY 50 SOUTH LASALLE STREET CHICAGO, ILLINOIS 60603 990 PART VI, SECTION B, LINE 11 THE ECCEBT FORM 990 WAS PREPARED AND REVIEWED BY THE STAFF OF THE FINANCE, TAX AND LEGAL DEPARTMENTS OF CPGSC, WHICH IS THE SPONSOR OF THE BENEFIT PLANS FUNDED BY THE ECCEBT, PRIOR TO BEING SHARED WITH NORTHERN TRUST, THE INSTITUTIONAL TRUSTEE FOR THE ECCEBT. IN ADDITION, THE ECCEBT FORM 990 WAS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. 990 PART VI, SECTION B, LINE 12C THE TRUSTEE HAS ADOPTED A CODE OF BUSINESS CONDUCT AND ETHICS THAT INCLUDES A SECTION ON CONFLICTS OF INTEREST. THE TRUSTEE REQUIRES ALL STAFF MEMBERS WITH THE RANK OF OFFICER AND ABOVE TO ANNUALLY (A) DISCLOSE THEIR OUTSIDE CONNECTIONS AND OWNERSHIP INTERESTS AND (B) AFFIRM THAT THEY HAVE REVIEWED AND ARE IN COMPLIANCE WITH A NUMBER OF THE TRUSTEE'S POLICIES INCLUDING THE CODE OF BUSINESS CONDUCT AND ETHICS AND ITS GUIDELINES RELATING TO STANDARDS OF CONDUCT, WHICH ALSO INCLUDES A SECTION ON CONFLICTS OF INTEREST. IN ADDITION, ALL NEW HIRES ARE REQUIRED TO MAKE THE SAME AFFIRMATION. VIOLATIONS OF THE TRUSTEE'S CODE OF BUSINESS CONDUCT AND ETHICS AND/OR GUIDELINES RELATING TO STANDARDS OF CONDUCT CAN RESULT IN DISCIPLINARY ACTION, INCLUDING TERMINATION. THE TRUSTEE HAS AN EMPLOYEE HOTLINE PROVIDED BY A THIRD PARTY PROVIDER. ANY STAFF MEMBER CAN ANONYMOUSLY REPORT INSTANCES OF BUSINESS ABUSE, INCLUDING A CONFLICT OF INTEREST, THROUGH THE HOTLINE. THE TRUSTEE HAS A CHIEF COMPLIANCE AND ETHICS OFFICER. THE TRUSTEE PROVIDES COMPLIANCE AND ETHICS TRAINING, WITH THE REQUIRED COURSES VARYING DEPENDING UPON THE STAFF MEMBER'S RESPONSIBILITIES. 990 PART VI, SECTION C, LINE 19 THE ECCEBT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ECCEBT'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY, WHISTLE-BLOWER POLICY, AND DOCUMENT RETENTION AND DESTRUCTION POLICY ARE THE POLICIES OF THE TRUSTEE, THE NORTHERN TRUST COMPANY. 990 PART XI, RECONCILIATION OF NET ASSETS, LINE 5 THE ECCEBT HAS CLASSIFIED ITS ENTIRE INVESTMENT PORTFOLIO AS "AVAILABLE-FOR-SALE". AVAILABLE-FOR-SALE SECURITIES ARE STATED AT FAIR VALUE, WITH UNREALIZED HOLDING GAINS AND LOSSES INCLUDED IN COMPREHENSIVE INCOME. AS THE ECCEBT IS NOT SUBJECT TO FEDERAL INCOME TAX, THE UNREALIZED HOLDING GAIN OR LOSS ON INVESTMENTS, INCLUDED IN OTHER COMPREHENSIVE INCOME, HAS NOT BEEN ADJUSTED FOR FEDERAL INCOME TAXES. THE UNREALIZED GAIN OF $436,117 IN 2014 REPRESENT ACTUAL CHANGES IN MARKET VALUES. THERE WERE SECURITIES SOLD IN 2014 CREATING A REALIZED GAIN OF $565,160. CHURCH PENSION GROUP SERVICES CORP 19 EAST 34TH STREET new york NY 10016 PLAN ADMIN DE 501(C)(3) 509(A)(3) cpf false THE EPISCOPAL CHURCH 815 Second Avenue new york NY 10016 CHURCH NY 501(C)(3) 1 NA false false false false false false false false false false true false true true true true false false true CHURCH PENSION GROUP SERVICES CORPORATION K,M,N 12684268 ACTUAL COST CHURCH PENSION GROUP SERVICES CORPORATION S 9773731 ACTUAL COST CHURCH PENSION GROUP SERVICES CORPORATION O,P 8861956 ACTUAL COST CHURCH PENSION FUND S 30978054 Actual Cost