2025-11-19T14:56:01-06:00 2024-12-31 WITHUMSMITHBROWNPC 1800 TYSONS BLVD SUITE 800 TYSONS VA 22102 990 2024-01-01 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 2025-11-11 true true RICHARD RUVELSON P00234075 3012726000 2024 2025-03-06 01:10:19Z X Jeff Rodgers Jeremy Ferguson 251 - 18th Street South 750 Arlington VA 22202 644079592 false X N/A X 2000 VA TO PROVIDE EMPLOYEE WELFARE BENEFITS TO ELIGIBLE RAILROAD EMPLOYEES PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS. 2 2 0 0 0 0 0 0 784440636 632617271 7591169 11422707 366859 39614 792398664 644079592 0 0 581762643 627382219 0 0 0 0 0 34312916 36844193 616075559 664226412 176323105 -20146820 341211885 320961486 1579162 1475583 339632723 319485903 X TO PROVIDE EMPLOYEE WELFARE BENEFITS TO ELIGIBLE RAILROAD EMPLOYEES 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 true 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 false 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 Chair 1/1 TO 10/31/2024 2.0 0.0 X 0 0 0 JEFFREY RODGERS CHAIR 11/1/ TO 12/31/2024 2.0 0.0 X 0 0 0 Jeremy Ferguson Chair - H&W Committee 2.0 0.0 X 0 0 0 Jeff Brandow Comm Mbr - H&W Committee 1.0 0.0 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 Sam Macedonio Comm MBr - NCCC 1.0 39.0 X 0 0 0 Matt Dolin Comm Mbr - H&W committee 1.0 0.0 X 0 0 0 0 0 0 0 false false false UNITEDHEALTHCARE 185 Asylum St HARTFORD CT 06103 contr administrator 23476871 Highmark 120 Fifth Ave PITTSBURG PA 15222 contr administrator 5630453 AETNA INC 151 Farmington Ave HARTFORD CT 06186 Contr Administrator 3447130 Express Scripts Inc 400 Parsons Pond Dr FRANKLIN LAKES NJ 07417 Prescription Ben Mgr 1626265 WITHUMSMITHBROWN PC 500 E Pratt Street 525 BALTIMORE MD 21202 ACCOUNTING 634742 10 0 RR CONTRIBUTIONS 900099 509818356 509818356 PARTICIPANTS CONTRIBUTIONS 900099 122411957 122411957 COBRA CONTRIBUTIONS 900099 371894 371894 RETIREE DRUG SUBS PROGRAM 900099 15064 15064 632617271 11422707 11422707 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER 900099 39614 39614 39614 644079592 632656885 11422707 X 0 0 0 627382219 0 0 0 0 0 0 0 20380 634742 0 0 335007 204079 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATION 35239832 PCORI FEES 231221 OTHER EXPENSE 178932 664226412 1500000 999999 225816853 226860530 0 0 98612241 75848891 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15282791 17252066 341211885 320961486 1546884 1457335 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32278 18248 1579162 1475583 X 0 0 0 0 339632723 319485903 339632723 319485903 341211885 320961486 -20146820 X false true X true false INS. PREMIUM STABILIZATION RES 16044257 INS. FUNDING AGREEMENT INVEST 1207809 17252066 0 PREPAID COBRA CONTRIBUTIONS 18248 18248 X 643744585 643744585 335007 335007 644079592 663891405 663891405 335007 335007 664226412 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 2024 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, 2024 AND 2023. 2024 2023 HEALTH CLAIMS PAYABLE $26,234,611 $21,248,622 INSURANCE PREMIUMS PAYABLE 4,969 15 CLAIMS INCURRED BUT NOT REPORTED 67,285,040 49,079,516 ACCUMULATED ELIGIBLITY CREDIT AND EXTENDED BENEFIT COVERAGE 70,965,160 69,731,515 164,489,780 140,059,668 POST RETIREMENT BENEFIT OBLIGATIONS 45,714,493 44,308,329 TOTAL PLAN BENEFIT OBLIGATIONS $210,204,273 $184,367,997 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 BLVD. 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 $480,712,204 PRESCRIPTION DRUG CLAIMS $142,512,329 INSURANCE PREMIUMS 4,157,686 TOTAL $627,382,219 GOVERNING COMMITTEE 251 - 18TH ST SOUTH SUITE 750 ARLINGTON VA 22202 800616629 PLAN SPONSOR VA 501(C)9 NA false ALTON & SOUTHERN RAILROAD CONTR EMPLOYER NA false THE BELT RAILWAY CO OF CHICAGO CONTR EMPLOYER NA false PORTLAND TERMINAL RAILROAD COMPANY CONTR EMPLOYER NA false CANTON RAILROAD CO CONTR EMPLOYER NA false NEW ORLEANS PUBLIC BELT RAILROAD CONTR EMPLOYER NA false PROVIDENCE & WORCHESTER RAILROAD CO CONTR EMPLOYER NA false THE COLORADO & WYOMING RAILROAD CONTR EMPLOYER NA false DELAWARE & HUDSON RAILROAD CONTR EMPLOYER NA false TERMINAL RAILROAD ALABAMA STATE DOCKS CONTR EMPLOYER NA false INDIANA HARBOR BELT CONTR EMPLOYER NA false ILLINOIS CENTRAL RAILROAD CONTR EMPLOYER NA false KANSAS CITY SOUTHERN RAILWAY CO CONTR EMPLOYER NA false SOO LINE RAILROAD COMPANY CONTR EMPLOYER NA false PORT TERMINAL RAILROAD ASSOC CONTR EMPLOYER NA false TEXAS CITY TERMINAL RAILWAY CONTR EMPLOYER NA false MISSISSIPPI EXPORT RAILROAD CO CONTR EMPLOYER NA false IOWA INTERSTATE RAILROAD LTD CONTR EMPLOYER NA false CSX TRANSPORTATION CONTR EMPLOYER NA false TERMINAL RAILROAD ASSOC OF ST LOUIS CONTR EMPLOYER NA false SPRINGFIELD TERMINAL RAILWAY CO CONTR EMPLOYER NA false PACIFIC & ARCTIC RAILWAY & NAVIGATION CO CONTR EMPLOYER NA false BURLINGTON NORTHERN INC CONTR EMPLOYER NA false UNION PACIFIC RAILROAD CO CONTR EMPLOYER NA false CHICAGO SOUTH SHORE&SOUTH BEND RAILROAD CONTR EMPLOYER NA false WICHITA TERMINAL ASSOCIATION CONTR EMPLOYER NA false ALBANY PORT RAILROAD CORPORATION CONTR EMPLOYER NA false NORTHEAST ILLINOIS CORPORATION CONTR EMPLOYER NA false NORFOLK SOUTHERN CORPORATION CONTR EMPLOYER NA false NORTH INDIANA COMMUTER TRANS DISTRICT CONTR EMPLOYER NA false FORE RIVER TRANSPORTATION CORP CONTR EMPLOYER NA false CHICAGO RAIL LINK CONTR EMPLOYER NA false CENTRAL CALIFORNIA TRACTION CO CONTR EMPLOYER NA false LOUISIANA & NORTHWEST RAILROAD CO CONTR EMPLOYER NA false LONGVIEW SWITCHING COMPANY CONTR EMPLOYER NA false ESCANABA & LAKE SUPERIOR RAILROAD CO CONTR EMPLOYER NA false LOS ANGELES JUNCTION CONTR EMPLOYER NA false TRANSIT AMERICA SERVICES CONTR EMPLOYER NA false SOUTH CAROLINA PUBLIC RAILWAY CONTR EMPLOYER NA false HERZOG TRANSIT SERVICES INC CONTR EMPLOYER NA false PITTSBURG & SHAWMUT CONTR EMPLOYER NA false CONRAIL CORPORATION CONTR EMPLOYER NA false false false false false false false false false false false false false false false false false false false false