2018-11-15T16:06:57-06:00 2017-12-31 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2017-01-01 466653802 NN RETIREES BENEFIT TRUST NNRE 6156783138 PO BOX 292877 NASHVILLE TN 37229 GARY DONAHEE VEBA COMMITTEE CHAIR 6156783138 2018-11-15 1 GEORGE C POPE P01461270 4042537500 40.132.51.144 2018-11-15 17:03:19 ES P 7CA39F5206286230CDA2BDFC0E72C14FDC84072D 064EECB5AFDF2C0753C1302EA8A814FD511A1AE4 2017 2019-02-21 02:37:17Z GARY DONAHEE PO BOX 292877 NASHVILLE TN 37229 173305941 0 X NNRBT.ORG X 2013 NJ THE TRUST (VEBA) PROVIDES REIMBURSEMENT OF ELIGBILE MEDICAL EXPENSES. X 5 5 3811 0 0 0 0 0 0 0 53024 -196874 0 393738 53024 196864 0 0 7268524 33988251 30000 30000 0 0 0 389985 712897 7688509 34731148 -7635485 -34534284 35121714 1850183 262777 1019280 34858937 830903 X UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED AND MAINTAINED A HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS OF IRS NOTICE 2002-45 AND WHICH PROVIDED FOR THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES FOR PARTICIPANTS OF THE HRA PLAN IN ACCORDANCE WITH THE PLAN DOCUMENTS. 0 1 34731148 UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED A HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS SET FORTH IN IRS NOTICE 2002-45. THE HRA PLAN PROVIDED FOR THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES SUBMITTED BY PARTICIPANTS IN THE HRA PLAN WHO WERE ELIGIBLE FORMER RETIREES OF NORTEL NETWORKS INC, ("NORTEL") THAT PARTICIPATED IN THE NORTEL SPONSORED RETIREE HEALTH AND WELFARE BENEFIT PLANS PRIOR TO THE TERMINATION OF SUCH PLANS BY NORTEL IN CONNECTION WITH ITS BANKRUPTCY FILING. THE REIMBURSEMENTS RECEIVED FROM THE HRA PLAN HELPED OFFSET THE BENEFITS THAT RETIREES LOST AS A RESULT OF THE TERMINATION OF THE NORTEL RETIREE HEALTH AND WELFARE BENEFITS PLANS. THE HRA WAS TERMINATED EFFECTIVE SEPTEMBER 1, 2017. EXPENSES SHOWN ABOVE INCLUDE HRA PLAN REIMBURSEMENTS, AS WELL AS TAXABLE CASH PAYMENTS MADE TO TRUST BENEFICIARIES FOLLOWING THE TERMINATION OF THE HRA PLAN. SEE FORM 990, PART IV, LINE 32. 34731148 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 6 0 1 3811 1 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 X INTEGRATIVE ACCOUNTING SOLUTIONS PLLC 2706834333 1616 FREDERICA STREET OWENSBORO KY 42301 GARY R DONAHEE CHAIRMAN, COMMITTEE MEMBER 5.00 X X 7500 0 0 SUSAN KANE SECRETARY, COMMITTEE MEMBE 5.00 X X 6000 0 0 MICHAEL RESSNER TREASURER, COMMITTEE MEMBE 5.00 X X 6000 0 0 JOHN ZALOKAR COMMITTEE MEMBER 5.00 X 7500 0 0 MARK HAUPT COMMITTEE MEMBER 5.00 X 7500 0 0 34500 0 0 0 0 0 0 MCCARTER & ENGLISH FOUR GATEWAY CENTER 100 MULBERRY S NEWARK NJ 07102 LEGAL SERVICES 221201 WAGEWORKS INC 1100 PARK PLACE 4TH FLOOR SAN MATEO CA 94403 BENEFIT PAYOR 152146 2 430352 430352 172481851 173109077 -627226 -627226 -627226 INCOME TAX REFUNDS AND OTHER 900099 393738 393738 393738 196864 0 0 196864 33988251 33988251 30000 30000 329229 329229 89989 89989 79582 79582 150691 150691 112 112 11843 11843 40121 40121 MISCELLANEOUS EXPENSE 11330 11330 34731148 34731148 0 0 12614206 1541773 170707 308410 40121 0 22296680 0 35121714 1850183 262777 258366 0 760914 262777 1019280 X 0 0 0 0 34858937 830903 34858937 830903 35121714 1850183 -34534284 506250 0 X X 0 1 X 1 0 0 0 PAYROLL TAXES PAYABLE 760914 760914 X 703114 506250 506250 196864 0 196864 34731148 0 34731148 0 34731148 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMIMATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OF DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. CASH 2017-12-21 25166474 INVESTMENTS ARE REPORTED AT FAIR VALUE. FAIR VALUE IS THE PRICE THAT WOULD BE RECEIVED TO SELL AN ASSET OR PAID TO TRANSFER A LIABILITY IN AN ORDERLY TRANSACTION BETWEEN MARKET PARTICIPANTS AT THE MEASUREMENT DATE. 161124166 PAYCHEX INC 911 PANORAMA TRAIL SOUTH ROCHESTER NY 146252396 501(C)(9) 0 0 0 0 FORM 990; PART V; LINE 32 EFFECTIVE SEPTEMBER 1, 2017, IN CONNECTION WITH THE TERMINATION OF THE HRA PLAN (AND AFTER ALL TIMELY SUBMITTED CLAIMS FOR REIMBURSEMENT WERE PROCESSED AND PAID), SUBSTANTIALLY ALL OF THE REMAINING ASSETS OF THE TRUST (AFTER PAYMENT OF ALL REASONABLE AND NECESSARY ADMINISTRATIVE EXPENSES, INCLUDING TAXES (AS APPLICABLE), OR AFTER PROVISION WAS MADE FOR SUCH PAYMENT OF EXPENSES AND TAXES), WERE PAID OUT IN CASH TO ELIGIBLE TRUST BENEFICIARIES (SUBJECT TO APPLICABLE TAX WITHHOLDINGS). FORM 990; SCHEDULE N; PART II; LINE 1 EFFECTIVE SEPTEMBER 1, 2017, IN CONNECTION WITH THE TERMINATION OF THE HRA PLAN (AND AFTER ALL TIMELY SUBMITTED CLAIMS FOR REIMBURSEMENT WERE PROCESSED AND PAID), SUBSTANTIALLY ALL OF THE REMAINING ASSETS OF THE TRUST (AFTER PAYMENT OF ALL REASONABLE AND NECESSARY ADMINISTRATIVE EXPENSES, INCLUDING TAXES (AS APPLICABLE), OR AFTER PROVISION WAS MADE FOR SUCH PAYMENT OF EXPENSES AND TAXES), WERE TRANSFERRED TO PAYCHEX, INC., A PAYROLL SERVICES COMPANY, WHICH THEN ISSUED PAYMENTS, ON BEHALF OF THE TRUST, TO ELIGIBLE TRUST BENEFICIARIES (SUBJECT TO APPLICABLE TAX WITHHOLDINGS). FORM 990, PART III, LINE 3 UNTIL SEPTEMBER 1, 2017, THE TRUST SPONSORED AND MAINTAINED A HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN WHICH WAS INTENDED TO MEET THE REQUIREMENTS OF IRS NOTICE 2002-45 AND WHICH PROVIDED FOR THE REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES FOR PARTICIPANTS OF THE HRA PLAN IN ACCORDANCE WITH THE PLAN DOCUMENTS. FORM 990; PART V; LINE 2A THE TRUST DID NOT HAVE ANY EMPLOYEES, BUT FILED A FORM W-3 (TRANSMITTAL OF WAGE AND TAX STATEMENTS) WITH RESPECT TO CERTAIN TAXABLE CASH PAYMENTS MADE TO TRUST BENEFICIARIES FOLLOWING THE TERMINATION OF THE HRA PLAN, WHICH, PURSUANT TO IRS GUIDANCE, WERE SUBJECT TO TAX WITHHOLDING. FORM 990, PART VI, SECTION A, LINE 3 THE TRUST DELEGATED CONTROL OVER THE CLAIMS PAYMENT PROCESS TO AN OUTSIDE THIRD-PARTY PROCESSOR PURSUANT TO A WRITTEN CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ARE BENEFICIARIES OF THE VEBA (TRUST) AND RECEIVED REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES IN ACCORDANCE WITH THE HRA PLAN DOCUMENT. FORM 990, PART VI, SECTION A, LINE 7A THE VEBA COMMITTEE HAS THE AUTHORITY TO APPOINT AND REMOVE, EMPLOY AND DISCHARGE, AND PRESCRIBE THE DUTIES AND FIX THE COMPENSATION, IF ANY, OF ALL OFFICERS, AGENTS, AND THIRD PARTY SERVICE PROVIDERS OF THE TRUST. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE VEBA COMMITTEE. THE COMMITTEE MEETS TO DISCUSS AND APPROVE THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST AGREEMENT, HRA PLAN DOCUMENTS AND OTHER GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. BENEFICIARIES OR THE TRUST (AND PARTICIPANTS IN THE HRA PLAN) MAY REQUEST COPIES OF HRA PLAN DOCUMENTS AND THE FORM 5500, AND WILL BE PROVIDED WITH A SUMMARY ANNUAL REPORT (SAR) FOR THE HRA PLAN PER ERISA REQUIREMENTS. FORM 990; PART VI; SECTION B; LINE 15 THE ORGANIZATION DOES NOT HAVE PROCESSES FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS OR OTHER OFFICERS OR KEY EMPLOYEES BECAUSE THE ORGANIZAITON DOES NOT HAVE PERSONS SERVING IN SUCH POSITONS. ACCORDINGLY SUCH PROCESSES WOULD NOT BE APPLICABLE TO THE ORGANIZATION. FORM 990; PART XII; LINE 2(C) THE ENTIRE VEBA COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND IS INVOLVED IN THE SELECTION OF THE AUDITOR AND THE REVIEW OF THE FINANCIALS STATEMENTS AND AUDITOR'S REPORT ISSUED BY THE INDEPENDENT AUDITOR.