2013-08-13T11:21:03-07:00 2012-12-31 990 2012-01-01 391519322 WEA INSURANCE CORPORATION WEAI 6082764000 45 NOB HILL ROAD MADISON WI 537133959 Michael I Quist 6082764000 2013-08-12 2012 2016-02-24 21:20:13Z Michael I Quist 45 Nob Hill Road Madison WI 53713 1252335107 0 X weatrust.com X 1985 WI To promote the health and financial security of participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. 10 10 456 0 847977 0 0 0 770287256 635930196 27306271 50705159 -11230122 863101 786363405 687498456 0 0 723002211 610488985 52235015 43662452 0 0 0 22884366 26345570 798121592 680497007 -11758187 7001449 643667925 701792235 422205421 413560035 221462504 288232200 To promote the health and financial security of Trust participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. 0 0 635930196 Health Insurance programs: Provide benefits for approximately 37,000 health participants, 30,800 dental participants, 36,200 long term disability participants, 19,100 prescription drug participants, 7,100 short term disability participants, and 15,400 long term care participants. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7708 0 1 456 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Carol Peirick 6082764000 45 NOB HILL ROAD MADISON WI 537133959 Patricia Barrette 2.5 0.5 X 0 0 0 Lisa Glaser 2.5 0.5 X 0 0 0 Margaret Guertler 2.5 0.5 X 0 0 0 Amy Johnson 2.5 0.5 X 0 0 0 Suzanne Kahl 2.5 0.5 X 0 0 0 Carol Kettner 2.5 0.5 X 0 0 0 Heather Mielke 2.5 0.5 X 0 0 0 Shelly Moore 2.5 0.5 X 0 0 0 Mary Theisen 2.5 0.5 X 0 0 0 Dan Weidner 2.5 0.5 X 0 0 0 Mark Moody 36 4 X 426996 0 138590 Kathryne McGowan 40 0 X 228288 0 89276 Michael Quist 36 4 X 219875 0 89173 William Jollie 40 0 X 222200 0 89263 Michael Stoll 36 4 X 207057 0 92129 Mark Blumenfeld 40 0 X 185637 0 76977 Ken Robbins 40 0 X 218255 0 74384 Rick Reas 40 0 X 150648 0 56410 Bill Genin 40 0 X 145408 0 66321 Susan Mellstrom 40 0 X 135771 0 41874 Carol Peirick 40 0 X 134390 0 43268 Fred Evert 0 0 X 161478 0 0 2436003 0 857665 39 1 1 0 HealthEdge Software Inc 3 Van de Graaff Drive Burlington MA 01803 Information Technology Company 4069706 M3 Insurance Solutions Inc 3113 West Beltline Highway PO Box 8950 Madison WI 537088950 Agency Commissions 1995306 Empower Professionals 100 Franklin Square Drive Suite 104 Somerset NJ 08873 Information Technology Company 992980 The Alliance PO Box 44365 Madison WI 53744 Provider Access Fees and Claims Repricing 887031 Top Tier Consulting PO Box 2126 Thousand Oaks CA 913604343 Consulting 852421 42 0 Contributions Received 524114 635930196 635930196 0 0 0 0 0 0 635930196 16905302 0 0 16905302 0 0 0 0 0 0 0 0 0 0 598631423 5085 564836651 0 33794772 5085 33799857 0 0 33799857 Administrative support to related entities 900099 847977 0 847977 0 15124 15124 0 0 863101 687498456 635945320 847977 50705159 0 0 0 610488985 2030837 0 25779966 5769121 7950519 2132009 0 36745 737667 12318 0 1710230 6636399 365032 1471084 13548001 0 406940 294896 0 60413 0 0 365761 283924 Change in LAE reserves -2085175 Costs allocated to affiliates -519414 Insurance dept licenses and fees 2753968 266781 680497007 0 0 0 4478745 27067231 52434849 43374463 0 0 27075388 31713315 0 0 0 0 0 0 0 0 0 940217 8699563 8185694 358974 513869 554108928 591283775 0 0 0 0 0 0 5211041 6899365 643667925 701792235 25985428 24525197 0 0 20428083 15432267 0 0 0 0 0 0 0 0 0 0 375791910 373602571 422205421 413560035 X 2000000 2000000 0 0 219462504 286232200 221462504 288232200 643667925 701792235 X 7001449 -13151389 0 0 0 72919636 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 8699563 8185694 513869 0 0 0 0 513869 0 Benefits Payable 353145777 Payable for securities 14741842 Drafts Payable 5164169 Payable to affiliates 550783 373602571 X 1 1 X X X X 1 0 0 Mark Moody 400000 0 0 0 26996 0 118808 0 25894 0 571698 0 0 0 Kathryne McGowan 216140 0 0 0 12148 0 69494 0 27153 0 324935 0 0 0 William Jollie 216000 0 0 0 6200 0 69481 0 24232 0 315913 0 0 0 Michael Quist 215000 0 0 0 4875 0 69391 0 25274 0 314540 0 0 0 Michael Stoll 203000 0 0 0 4057 0 72347 0 22721 0 302125 0 0 0 Mark Blumenfeld 178200 0 0 0 7437 0 57195 0 23793 0 266625 0 0 0 Ken Robbins 211931 0 0 0 6324 0 54602 0 22905 0 295762 0 0 0 Rick Reas 143392 0 0 0 7256 0 36628 0 23319 0 210595 0 0 0 Bill Genin 145000 0 0 0 408 0 46538 0 27784 0 219730 0 0 0 Susan Mellstrom 135375 0 0 0 395 0 41874 0 4053 0 181697 0 0 0 Carol Peirick 133273 0 0 0 1117 0 34638 0 11910 0 180938 0 0 0 Fred Evert 0 0 0 0 161478 0 0 0 0 0 161478 0 161478 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Affected employees were reimbursed for the additional taxes that were incurred as a result of the contribution to the 457 Plan. This reimbursement was included as taxable income on their W-2. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Severance payments include payment to Fred Evert ($161,478). Severance is earned at a rate of two weeks for every calendar year of service. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 WEA Insurance Corporation is a wholly owned subsidiary of Wisconsin Education Association Insurance Trust. As such, Wisconsin Education Association Insurance Trust is the sole shareholder. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a WEA, Inc. a related entity, appoints all board members. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by staff and reviewed by an external consulting firm. The Chief Financial Officer signs the form after his review. Any areas of concern are discussed and reviewed before signing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Upon appointment, each member of the governing body is required to complete a written conflict of interest policy form verifying that they have no conflict of interest. Each year thereafter, this form is again completed to confirm there have been no changes in status. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Each year the Board of Directors sets the salary for all officers of the Corporation. In doing so, salary information from comparable organizations within the geographic area are considered. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 WEA Insurance Corporation is regulated by the Office of the Commissioner of Insurance (OCI) of the state of Wisconsin. As such, it is required to submit its governing documents, conflict of interest statements, and financial statements to the OCI. These documents then become a matter of public record. These documents are also available upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 This reflects the change in surplus due to filing the financial statements on a GAAP basis versus a Statutory basis. Surplus on a statutory basis as of 12/31/2011 was $221,462,504 and on a GAAP basis was $294,382,140 for a differnce of $72,919,636. Wisconsin Education Association Insurance Trust 45 Nob Hill Road Madison WI 53713 391142212 Welfare Benefits WI 501(c)(9) N/A 0 WEA Inc 33 Nob Hill Drive Madison WI 53713 390712860 Building Corp WI 501(c)(2) N/A 0 Wisconsin Education Association Council 33 Nob Hill Drive Madison WI 53713 391169160 Labor Organization WI 501(c)(5) N/A 0 WEA Tax Sheltered Annuity Trust 45 Nob Hill Road Madison WI 53713 391310713 403(b) Trust WI N/A T 0 WEA Member Benefit Trust 45 Nob Hill Road Madison WI 53713 396189371 Agency WI N/A T 0 WEA Property & Casualty Insurance Company 45 Nob Hill Road Madison WI 53713 391767647 Insurance WI N/A C 0 WEA Investment Services Inc 45 Nob Hill Road Madison WI 53713 450510731 Broker Dealer WI N/A C 0 WEA Financial Advisors Inc 45 Nob Hill Road Madison WI 53713 260539876 Financial Advisors WI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 Wisconsin Education Association Insurance Trust p 1700004 Cost studies Wisconsin Education Association Insurance Trust q 2219419 Cost studies WEA Property & Casualty Insurance Company q 266945 Cost studies WEA Member Benefit Trust q 210920 Cost studies WEA Tax Sheltered Annuity Trust q 360862 Cost studies WEA Financial Advisors Inc q 9250 Cost studies Wisconsin Education Association Insurance Trust l 626763543 Cost studies