2016-08-09T10:32:50-07:00 2015-12-31 990 2015-01-01 391519322 WEA INSURANCE CORPORATION WEAI 6082764000 45 NOB HILL ROAD MADISON WI 537133959 Michael I Quist Executive VP/COO 6082764000 2016-08-09 2015 2016-12-15 16:53:06Z Michael I Quist 45 Nob Hill Road Madison WI 53713 1456127987 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. 11 11 360 0 6395 0 0 0 593275605 550556250 38333064 20073835 329528 1802124 631938197 572432209 0 0 607523885 560621294 33622278 32627786 0 0 0 36076695 34677624 677222858 627926704 -45284661 -55494495 692017768 648939594 479243200 503509781 212774568 145429813 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 552351979 Health Insurance programs: Provide benefits for approximately 36,800 health participants, 20,300 long term disability participants, 4,400 short term disability participants, 1,300 vision participants, and 12,600 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 6185 0 1 360 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Carmen Raha 6086616682 45 NOB HILL ROAD MADISON WI 537133959 Margaret Guertler Board Member 2.5 0.5 X 0 0 0 Mike Halloran Board Member 2.5 0.5 X 0 0 0 Amy Johnson Board Member 2.5 0.5 X 0 0 0 Suzanne Kahl Board Member 2.5 0.5 X 0 0 0 Carol Kettner Board Member 2.5 0.5 X 0 0 0 Betsy Kippers Board Member 2.5 0.5 X 0 0 0 Shelly Krajacic Board member 2.5 0.5 X 0 0 0 Heather Mielke Board member 2.5 0.5 X 0 0 0 Martin Preizler Board Member 2.5 0.5 X 0 0 0 David Stella Board Member 2.5 0.5 X 0 0 0 Mary Theisen Board Member 2.5 0.5 X 0 0 0 Dan Weidner Board Member 2.5 0.5 X 0 0 0 Mark Moody CEO/President 36 4 X 427803 0 119148 Michael Quist Executive Vice President/Chief Operating Officer 36 4 X 289742 0 105011 Vaughn Vance General Counsel/Vice President/Corporate Secretary 36 4 X 192841 0 77137 Timothy Bartholow Chief Medical Officer 40 0 X 294626 0 81448 Jon Klett VP of Sales, Marketing and Product Development 40 0 X 260497 0 56583 Jeffrey Hackel Vice President and Chief Human Resources Officer 36 4 X 211176 0 102561 John Church Senior Director of Business Services 40 0 X 168881 0 52372 Carmen Raha Controller 40 0 X 165717 0 48365 Theresa Lowe Senior Director of Insurance Operations 40 0 X 148517 0 48322 Michael Schwitzer Account Executive 40 0 X 142661 0 34169 Cheryl McIlquham Senior Director of Customer Experience 40 0 X 138599 0 46491 2441060 0 771607 26 0 1 0 HealthEdge Software Inc 3 Van de Graaff Drive Burlington MA 01803 Information Technology Company 1893764 M3 Insurance Solutions Inc 3113 West Beltline Highway PO Box 8950 Madison WI 537088950 Agency Commissions 1775532 Patina Solutions Group Inc 13890 Bishops Drive Suite 320 Brookfield WI 53005 Business consulting 1466229 Synthesis Health Systems Inc PO Box 51364 Boston MA 02205 Consulting 1132264 Milliman 15800 W Bluemound Road Brookfield WI 53005 Actuarial and consulting services 922983 50 0 0 0 0 0 0 0 0 Contributions Received 524114 550556250 550556250 0 0 0 0 0 0 550556250 13887881 0 0 13887881 0 0 0 0 0 0 0 0 0 0 889881732 0 883695778 0 6185954 0 6185954 0 0 6185954 0 Administrative support to related entities 900099 6395 0 6395 0 1795729 1795729 0 0 1802124 572432209 552351979 6395 20073835 560621294 2117862 19681085 3146552 6071570 1610717 0 152689 1288566 84750 0 2158853 10165214 302287 1479982 11459984 0 1078443 307596 0 166271 0 0 323295 251110 ACA Fees 4345133 Change in LAE Reserves 1263207 Insurance dept licenses and fees 83857 Costs allocated to affiliates -507938 274325 627926704 0 0 0 -11008355 4823900 31621784 21926543 0 0 10064964 3477007 0 0 0 0 0 0 0 0 692170 1219235 8811646 8314225 235806 497421 632546414 608286781 0 0 0 0 0 0 27864985 8708707 692017768 648939594 27439717 25498024 0 0 18643813 18051954 0 0 0 0 0 0 0 0 0 0 433159670 459959803 479243200 503509781 X 2000000 2000000 0 0 210774568 143429813 212774568 145429813 692017768 648939594 -55494495 -11850260 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 8811646 8314225 497421 0 0 0 0 497421 0 Benefits Payable 458499553 Payable for Securities 1413828 Drafts Payable 46422 459959803 X 1 1 X X X X 1 0 0 Mark Moody CEO/President 400000 0 0 0 27803 0 99154 0 24120 0 551077 0 0 0 Michael Quist Executive Vice President/Chief Operating Officer 285231 0 0 0 4512 0 86567 0 24216 0 400526 0 0 0 Vaughn Vance General Counsel/Vice President/Corporate Secretary 190161 0 0 0 2680 0 58693 0 23458 0 274992 0 0 0 Timothy Bartholow Chief Medical Officer 290000 0 0 0 4626 0 60454 0 26881 0 381961 0 0 0 Jon Klett VP of Sales, Marketing and Product Development 196269 0 60000 0 4228 0 37404 0 23091 0 320992 0 0 0 Jeffrey Hackel Vice President and Chief Human Resources Officer 154835 0 0 0 56341 0 85076 0 21692 0 317944 0 7553 0 John Church Senior Director of Business Services 164858 0 0 0 4023 0 31223 0 25784 0 225888 0 0 0 Carmen Raha Controller 154552 0 8530 0 2635 0 29371 0 23003 0 218091 0 0 0 Theresa Lowe Senior Director of Insurance Operations 146266 0 0 0 2252 0 27828 0 24599 0 200945 0 0 0 Cheryl McIlquham Senior Director of Customer Experience 135175 0 0 0 3424 0 26297 0 22741 0 187637 0 0 0 Michael Schwitzer Account Executive 75000 0 63560 0 4101 0 24997 0 11855 0 179513 0 0 0 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. Schedule J, Part I, Line 4 Severance payments are included for Jeffrey Hackel ($35,067.30). 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. Form 990, Part VI, Section A, Line 7a Wisconsin Education Association Insurance Trust elects all board members. 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 prior to signing. 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. 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. 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. Wisconsin Education Association Insurance Trust 45 Nob Hill Road Madison WI 53713 391142212 Welfare Benefits WI 501(c)(9) N/A 0 WEA Tax Sheltered Annuity Trust 45 Nob Hill Road Madison WI 53713 391310713 403(b) Trust WI N/A T 0 0 WEA Member Benefit Trust 45 Nob Hill Road Madison WI 53713 396189371 Agency WI N/A T 0 0 WEA Property & Casualty Insurance Company 45 Nob Hill Road Madison WI 53713 391767647 Insurance WI N/A C 0 0 WEA Investment Services Inc 45 Nob Hill Road Madison WI 53713 450510731 Broker Dealer WI N/A C 0 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 0 1 0 0 0 1 1 0 0 Wisconsin Education Association Insurance Trust l 362446930 Cost studies. Wisconsin Education Association Insurance Trust p 875000 Cost studies. Wisconsin Education Association Insurance Trust q 1382938 Cost studies. WEA Property & Casualty Insurance Company q 6395 Based on actual costs.