2024-11-12T16:08:56-06:00 2023-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-01-01 522174651 SMART - TD HEALTH AND WELFARE PLAN % THE PLAN NATI 5713367600 251 - 18th Street South Suite 750 Arlington VA 22202 Jeff Rodgers Jeremy Ferguson Co-Chairs 5713367600 2024-11-07 true true RICHARD RUVELSON P00234075 3012726000 2024-11-07 2023 2024-10-15 13:58:12Z X Jeff Rodgers Jeremy Ferguson 251 - 18th Street South 750 Arlington VA 22202 792398664 false X N/A X 2000 VA TO PROVIDE EMPLOYEE WELFARE BENEFITS PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS. 2 2 0 0 0 0 0 0 604943137 784440636 1148057 7591169 169237 366859 606260431 792398664 0 0 546809806 581762643 0 0 0 0 0 31063445 34312916 577873251 616075559 28387180 176323105 164614817 341211885 1305199 1579162 163309618 339632723 TO PROVIDE EMPLOYEE WELFARE BENEFITS PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS. false false Provides health and related benefits to eligible participants and their beneficiaries. false false false false false false false false false false false false false true true 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 0 0 0 false false false false false false false false X 2 2 false true true false false false false false false false false true false false false false false false X THE PLAN 5713367600 251 - 18TH STREET SOUTH SUITE 750 Arlington VA 22202 X X Brendan Branon Chairman - NCCC 2.0 0.0 X 0 0 0 Jeremy Ferguson Chairman - H&W Committee 2.0 0.0 X 0 0 0 Jacob McCahill Comm Mbr-NCCC 1/1 to 4/14/23 1.0 39.0 X 0 0 0 Rob Karov Comm Mbr-NCCC 1/1 to 10/19/23 1.0 39.0 X 0 0 0 Wai Wong Comm Mbr - NCCC 1.0 39.0 X 0 0 0 Maquiling Parkerson Comm Mbr-NCCC 1.0 39.0 X 0 0 0 Jeff Wall Comm MBr - NCCC 1.0 39.0 X 0 0 0 Thomas Sullivan Comm Mbr - nccc 1.0 39.0 X 0 0 0 Jeff Brandow Comm Mbr - H&W Committee 1.0 0.0 X 0 0 0 Matt Dolin Comm Mbr - H&W committee 1.0 0.0 X 0 0 0 Sam Macedonio Comm Mbr-NCCC10/19 TO 12/31/23 1.0 39.0 X 0 0 0 0 0 0 0 false false false UNITEDHEALTHCARE 185 Asylum St HARTFORD CT 06103 contr administrator 22544302 Highmark 120 Fifth Ave PITTSBURG PA 15222 contr administrator 5454439 AETNA INC 151 Farmington Ave HARTFORD CT 06186 Contr Administrator 2776025 Express Scripts Inc 400 Parsons Pond Dr FRANKLIN LAKES NJ 07417 Prescription Ben Mgr 1485138 Teledoc Inc 1945 Lakepointe Dr Suite 100 LEWISVILLE TX 75057 Benefit care solutio 666567 9 0 RR CONTRIBUTIONS 900099 663649975 663649975 PARTICIPANTS CONTRIBUTIONS 900099 120310536 120310536 COBRA CONTRIBUTIONS 900099 469113 469113 RETIREE DRUG SUBS PROGRAM 900099 11012 11012 784440636 7591169 7591169 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER 900099 366859 366859 366859 792398664 784807495 7591169 X 0 0 0 581762643 0 0 0 0 0 0 0 91264 442564 0 0 232406 41254 0 0 0 0 0 0 0 0 0 0 0 42277 ADMINISTRATION 33252074 PCORI FEES 211077 616075559 10000 1500000 70175461 225816853 0 0 81190597 98612241 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13238759 15282791 164614817 341211885 1247145 1546884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58054 32278 1305199 1579162 X 0 0 0 0 163309618 339632723 163309618 339632723 164614817 341211885 176323105 X false true X true false 0 PREPAID COBRA CONTRIBUTIONS 32278 32278 X 792166258 792166258 232406 232406 792398664 615843153 615843153 232406 232406 616075559 Part X Line 2 THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS RECEIVED AN EXEMPTION LETTER FROM THE IRS STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2023 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITON, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSTITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PART 1, LINE 22: NET ASSETS IN ACCORDANCE WITH THE INSTRUCTIONS FOR COMPLETING THE FEDERAL FORM 990, THE FOLLOWING CLAIMS RELATED OBLIGATIONS HAVE NOT BEEN REPORTED IN THE FORM 990 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 2023 2022 HEALTH CLAIMS PAYABLE $21,248,622 $21,845,276 INSURANCE PREMIUMS PAYABLE 15 2,360 CLAIMS INCURRED BUT NOT REPORTED 49,079,516 45,104,405 ACCUMULATED ELIGIBLITY CREDIT AND EXTENDED BENEFIT COVERAGE 69,731,515 68,619,216 140,059,668 135,571,257 POST RETIREMENT BENEFIT OBLIGATIONS 44,308,329 42,872,628 TOTAL PLAN BENEFIT OBLIGATIONS $184,367,997 $178,443,885 FORM 990, PART VI, SECTION A, LINE 3: CLAIMS PROCESSING AND ADMINISTRATION DUTIES HAVE BEEN DELEGATED TO THIRD PARTY ADMINISTRATORS. IN ADDITION, ONE THIRD PARTY ADMINISTRATOR ACTS AS THE CENTRAL ADMINISTRATOR WHOSE DUTIES INCLUDE ADMINISTRATIVE SERVICES RELATING TO THE MAINTENANCE AND PREPARATION OF THE PLAN'S FINANCIAL RECORDS (INCLUDES RECEIVING AND COMPILING INFORMATION FROM ALL OTHER THIRD PARTY ADMINISTRATORS) AND THE DETERMINATION AND MAINTENANCE OF EMPLOYEE ELIGIBILITY (INCLUDES RECEIVING WORK HISTORY REPORTING FROM THE PARTICIPATING RAILROADS, DETERMINING EMPLOYEE ELIGIBILITY, AND DISTRIBUTION OF ELIGIBILITY INFORMATION TO ALL OTHER THIRD PARTY ADMINISTRATORS). FORM 990, PART VI, SECTION A, LINE 8A: GENERALLY SPEAKING, ACTIONS TAKEN BY THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. HOWEVER, FROM TIME TO TIME, THERE MAY BE ACTION TAKEN BY THE GOVERNING BODY THROUGH INFORMAL CONCURRENCE THAT IS NOT CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION A, LINE 8B: GENERALLY SPEAKING, ACTIONS TAKEN BY THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. HOWEVER, FROM TIME TO TIME, THERE MAY BE ACTION TAKEN BY THE GOVERNING BODY THROUGH INFORMAL CONCURRENCE THAT IS NOT CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B: THE 990 IS COMPILIED BY THE PLAN'S AUDITOR AND DRAFT COPIES ARE PROVIDED TO A REPRESENTATIVE OF THE PLAN. THE PLAN'S REPRESENTATIVE COMPARES ALL FINANCIAL INFORMATION CONTAINED IN THE 990 TO THE PLAN'S AUDITED FINANCIAL STATEMENTS TO ENSURE AMOUNTS ARE CONSISTENT AND IN AGREEMENT. ALL NON-FINANCIAL INFORMATION CONTAINED WITHIN THE 990 IS ALSO REVIEWED FOR ACCURACY. ALL QUESTIONS AND/OR CONCERNS ARE DISCUSSED WITH THE AUDITOR. ONCE ALL QUESTIONS ARE REMEDIED, THE PLAN REPRESENTATIVE DISTRIBUTES COPIES OF THE 990 TO THE VOTING MEMBER OF THE NCCC AND HEALTH & WELFARE COMMITTEE SMART-TD. AMOUNTS ARE REVIEWED AND ANY RECOMMENDATIONS, ADJUSTMENTS OR CHANGES ARE DISCUSSED WITH THE PLAN REPRESENTATIVE AND PLAN AUDITOR. ALL APPROPRIATE CHANGES ARE MADE TO THE 990 AND THE FINAL DOCUMENT IS REVIEWED AND SIGNED BY THE VOTING MEMBER OF BOTH GOVERNING COMMITTEES. FORM 990, PART VI, SECTION B, LINES 12-14: ALTHOUGH NO WRITTEN CONFLICT Of INTEREST, WHISTLEBLOWER, OR DOCUMENT RETENTION AND DESTRUCTION POLICIES HAVE BEEN IMPLEMENTED FOR THE GOVERNING COMMITTEES OF THE PLAN, THE ORGANIZATIONS THAT HAVE BEEN DELEGATED MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS OR TRUSTEES HAVE SUCH POLICIES IN PLACE. FORM 990, PART VI, SECTION B, LINE 15A AND 15B NO DIRECTORS ARE COMPENSATED BY THE PLAN, THEREFORE, THERE IS NO APPROVAL PROCESS FOR APPROVING DIRECTOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A: OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES THE PLAN IS MANAGED BY THE GOVERNING COMMITTEE (GC) WHICH CONSISTS OF THE NATIONAL CARRIERS' CONFERENCE COMMITTEE AND THE HEALTH AND WELFARE COMMITTEE OF THE SMART-TD. THE GC IS THE PLAN SPONSOR AND THE PLAN ADMINISTRATOR AND THE COMMITTEES ARE LOCATED AT: NATIONAL CARRIERS' CONFERENCE COMMITTEE 251 - 18TH STREET, SOUTH SUITE 750 ARLINGTON, VA 22202 AND HEALTH AND WELFARE COMMITTEE SMART-TD 6060 ROCKSIDE WOODS BLDV. N SUITE 325 INDEPENDENCE, OH 44131 THE COMMITTEE MEMBERS RECEIVED NO COMPENSATION FROM THE PLAN FOR THEIR SERVICES. EACH COMMITTEE HAS MULTIPLE MEMBERS, BUT EACH COMMITTEE HAS A SINGLE VOTE. FORM 990, PART IX: STATEMENT OF FUNCTIONAL EXPENSES HEALTH CLAIMS $459,242,341 PRESCRIPTION DRUG CLAIMS 118,590,490 INSURANCE PREMIUMS 3,929,812 TOTAL $581,762,643 FORM 990, PART VI, LINE 4 EFFECTIVE JANUARY 1, 2023 THE PLAN CHANGED ITS NAME FROM "NATIONAL RAILWAY CARRIERS & UNITED TRANSPORTATION UNION HEALTH & WELFARE PLAN" TO "SMART - TD HEALTH AND WELFARE PLAN". 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