2023-11-15T09:38:41-06:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 237236436 EXELON CORPORATION EMPLOYEES' BENEFIT TRUST C/O ACCOUNTING OPERATIONS COMM 3123944107 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 JENNIFER FRANCO VP HEALTH AND BENEFITS 3123944107 2023-11-14 1 JENNIFER FRANCO 999009999 1 DAVID LOWENTHAL P00378651 3122071040 2023-11-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER FRANCO 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 336735319 0 X N/A X 1940 IL PROVIDE HEALTHCARE BENEFITS TO MEMBERS. X 1 0 0 0 350835 281403 0 0 520259842 336304792 41097 430527 0 0 520300939 336735319 0 0 468832385 312064666 100322 58326 0 0 0 25687594 16450706 494620301 328573698 25680638 8161621 65808636 65147624 2527984 2300351 63280652 62847273 TO PROVIDE HEALTHCARE BENEFITS TO MEMBERS. 0 0 PAYMENT OF MEDICAL, DENTAL, AND VISION CARE BENEFITS FOR MEMBERS AND THEIR DEPENDENTS. AS OF DECEMBER 31, 2022, THERE WERE APPROXIMATELY 17,547 MEMBERS ELIGIBLE TO RECEIVE BENEFITS. 3,248 OF THESE PARTICPANTS ARE ALSO MEMBERS OF A COLLECTIVE BARGAINING UNIT. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 X 1 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X EXELON CORPORATION VP HEALTH AND B 3123944107 10 S DEARBORN STREET 50TH FLOOR CHICAGO IL 60603 THE NORTHERN TRUST COMPANY INSTITUTIONAL TRUSTEE 1.00 0.00 X 58326 0 0 58326 0 0 0 0 0 0 ALIGHT SOLUTIONS LLC 4 OVERLOOK POINT LINCOLNSHIRE IL 60069 RECORD KEEPING 2952508 SHARECARE INC 255 EAST PACES FERRY ROAD NE SUITE ATLANTA GA 30305 CONTRACT ADMINSTRATOR 773263 BENEFIT RECOVERY GROUP 6745 LENOX CENTER CT SUITE 100 MEMPHIS TN 38187 LEGAL 342294 HEALTHEQUITY 15 W SCENIC POINTE DR STE 100 DRAPER UT 84020 CONTRACT ADMINSTRATOR 289778 EXELON BUSINESS SERVICE COMPANY 10 S DEARBORN ST CHICAGO IL 60603 ADMINISTRATOR 240346 8 EMPLOYER CONTRIBUTIONS 900099 265181608 265181608 PARTICIPANT CONTRIBUTIONS 900099 71123184 71123184 336304792 430527 79692 350835 336735319 336384484 350835 0 312064666 58326 366319 13661 247634 CONTRACT ADMINISTRATOR 12531831 RECORD KEEPING 2952508 ADMINISTRATIVE EXPENSES 240346 UBI TAX 45000 53407 328573698 29414904 38080092 25855389 19474068 8268343 5946464 2270000 1647000 65808636 65147624 2347478 2300351 180506 0 2527984 2300351 X 0 0 0 0 63280652 62847273 63280652 62847273 65808636 65147624 X 8161621 -8595000 X 0 1 X 1 0 0 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS ISSUED DETERMINATION LETTERS THAT THE TRUSTS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE. CERTAIN INVESTMENT INCOME OF A SECTION 501(C)(9) TRUST IS SUBJECT TO FEDERAL AND STATE INCOME TAX AS "UNRELATED BUSINESS INCOME" IF THE FUNDS HELD BY THE TRUSTS ARE IN EXCESS OF PRESCRIBED LIMITS AND SUCH INCOME IS EARNED ON FUNDS SET ASIDE TO PAY BENEFITS OF PARTICIPANTS WHO ARE NOT COVERED BY A COLLECTIVE BARGAINING AGREEMENT. THE PLAN ADMINISTRATOR BELIEVES THAT THE TRUSTS AND THE PLAN, AS AMENDED, ARE BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE, BELIEVES THAT THE PLAN IS QUALIFIED AND THE TRUSTS REMAIN TAX EXEMPT. GAAP REQUIRES THE PLAN'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZES A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. THE COMPANY HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN. NET ASSETS 2022-02-01 2149000 BOOK VALUE 874039849 CONSTELLATION EMPLOYEES BENEFIT TRUST 200 EXELON WAY KENNETT SQUARE PA 19348 501(C)(9) 0 0 0 0 SCHEDULE N, PART II: EXELON CORPORATION COMPLETED THE SPINOFF OF ITS GENERATION BUSINESS ON FEBRUARY 1, 2022, CREATING CONSTELLATION ENERGY CORPORATION ("CONSTELLATION"), A NEW AND SEPARATE PUBLICLY-TRADED COMPANY. AS A RESULT OF THE SEPARATION, EMPLOYEES OF CONSTELLATION AND ITS AFFILIATES CEASED PARTICIPATING IN THE EXELON CORPORATION HEALTH CARE PROGRAM PLAN AND ENTERED INTO A NEWLY CREATED PLAN, THE CONSTELLATION HEALTHCARE PROGRAM, SPONSORED BY CONSTELLATION ENERGY GENERATION, LLC, A SUBSIDIARY OF CONSTELLATION. THE CONSTELLATION EMPLOYEES BENEFIT TRUST IS A TRUST FUND WHICH PROVIDES FOR BENEFITS FOR ACTIVE EMPLOYEES PARTICIPATING IN THE CONSTELLATION HEALTHCARE PROGRAM. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PARTICIPATE IN THE SPONSOR HEALTH BENEFIT PLANS AND RECEIVE MEDICAL BENEFITS FROM THE FUNDED VEBA. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES A CPA FIRM TO PREPARE FORM 990. THE RETURN IS REVIEWED BY EXELON ACCOUNTING, CORPORATE BENEFITS AND LEGAL DEPARTMENTS. THE RETURN IS REVIEWED BY THE PARTIES WHO ADMINISTER THE HEALTH AND WELFARE PLANS THAT ARE FUNDED BY THE ORGANIZATION AND MANAGE THE ASSETS OF THE ORGANIZATION. AS SUCH ALL RESPONSIBLE GOVERNING BODIES REVIEW AND APPROVE THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL PARTIES RESPONSIBLE FOR PLAN ASSETS ARE SUBJECT TO THE EXELON CORPORATION CONFLICT OF INTEREST POLICY. EXELON REGULARLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT PAY ANY COMPENSATION. CONSEQUENTLY LINES 15A AND 15B ARE NOT APPLICABLE TO THIS ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1024, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INTRA-PLAN TRANSFERS -7,972,000. NET ASSETS TRANSFERRED TO CONSTELLATION HEALTHCARE PROGRAM -623,000. FORM 990, PART X, LINE 6: THE AMOUNT REPORTED ON FORM 990, PART X, LINE 6 CONSISTS OF RECEIVABLES OF $5,946,464 DUE FROM CONTRIBUTING EMPLOYERS AND SPONSORING ORGANIZATIONS OF SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ORGANIZATIONS. PER IRS 990 INSTRUCTIONS, SCHEDULE L, PART II IS NOT REQUIRED TO BE COMPLETED. FORM 990, PART VI: THIS ORGANIZATION IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST UNDER IRC 501(C)(9). THIS ORGANIZATION FUNDS HEALTHCARE BENEFITS PROVIDED UNDER CERTAIN HEALTH AND WELFARE PLANS SPONSORED BY EXELON CORPORATION FOR ITS EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS. THIS ORGANIZATION FOLLOWS EXELON'S CORPORATE POLICIES WHERE APPLICABLE INCLUDING PROPER DOCUMENTATION OF ALL ACTIONS TAKEN ON BEHALF OF THE PLAN. EXELON GENERATION CO LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 233064219 POWER GENERATION PA EXELON CORPORATION EXELON NUCLEAR SECURITY LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 261248912 SECURITY TO EXELON'S NUCLEAR POWER PLANTS DE EXELON CORPORATION EXELON BUSINESS SERVICES CO LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 233063219 PROVIDES SUPPORT TO OPERATING COMPANIES DE EXELON CORPORATION EXELON WIND LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 273687029 POWER GENERATION DE EXELON CORPORATION EXELON TEXAS POWER SERVICES LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 233069719 POWER GENERATION DE EXELON CORPORATION CNE GAS HOLDINGS LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 611225551 POWER GENERATION KY EXELON CORPORATION CONSTELLATION MYSTIC POWER LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 273585052 POWER GENERATION DE EXELON CORPORATION CER GENERATION (HILLABEE) LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 261586418 POWER GENERATION DE EXELON CORPORATION CONSTELLATION POWER SOURCE GENERATION INC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 320418194 POWER GENERATION MD EXELON CORPORATION GINNA NUCLEAR PWR PLT LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 450529386 POWER GENERATION MD EXELON CORPORATION NINE MILE NUCLEAR POWER STAT 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 522303044 POWER GENERATION DE EXELON CORPORATION CALVERT CLIFFS NUC PW PLT LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 800493288 ENERGY SERVICES MD EXELON CORPORATION BALTIMORE GAS AND ELECTRIC HOME PRODUCTS & SERVICES LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 800696499 POWER GENERATION DE EXELON CORPORATION PEPCO HOLDINGS LLC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 530127880 HOLDING COMPANY DE EXELON CORPORATION EXELON CORPORATION EMPLOYEES' BENEFIT TRUST FOR MGMT EMPLOYEES 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 363978082 EMPLOYEE BENEFITS DE 501(C)(9) EXELON CORPORATION 0 EXELON CORPORATION EMPLOYEES' BENEFIT TRUST FOR UNION EMPLOYEES 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 363978080 EMPLOYEE BENEFITS DE 501(C)(9) EXELON CORPORATION 0 EXELON CORPORATION 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 232990190 HOLDING COMPANY DE N/A C 0 COMED 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 360938600 ELECTRIC DISTRIBUTION UTILITY IL N/A C 0 BALTIMORE GAS AND ELECTRIC CO 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 520280210 ELECTRIC DISTRIBUTION UTILITY MD N/A C 0 CONSTELLATION POWER INC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 521525572 POWER GENERATION MD N/A C 0 COSI SUNNYSIDE INC 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 522130014 POWER GENERATION MD N/A C 0 EXELON POWER LABS 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 010754473 POWER GENERATION PA N/A C 0 PECO ENERGY COMPANY 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 230970240 ELECTRIC DISTRIBUTION UTILITY PA N/A C 0 EXELON ENERGY COMPANY 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 364265042 ELECTRIC DISTRIBUTION UTILITY AND RELATED SERVICES DE N/A C 0 POTOMAC ELECTRIC POWER CO 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 530127880 ELECTRIC DISTRIBUTION UTILITY VA N/A C 0 DELMARVA POWER & LIGHT CO 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 510084283 POWER GENERATION DE N/A C 0 ATLANTIC CITY ELECTRIC CO 10 SOUTH DEARBORN 51ST FLOOR CHICAGO IL 60603 210398280 ELECTRIC DISTRIBUTION UTILITY NJ N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1