2012-11-09T08:36:04-06:00 2011-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2011-01-01 651297729 FEDEX PILOTS POST-MEDICARE RETIREE HEALTH PLAN % STEVEN HODGSON FEDE 7036894132 535 HERNDON PARKWAY HERNDON VA 20170 Steven Hodgson 2012-11-01 true Mary Torretta 7038477500 2011 2016-02-24 21:20:13Z Steven Hodgson 535 Herndon Parkway Herndon VA 20170 32108126 false X N/A X 2007 VA PROVIDE ELIGIBLE RETIRED PILOTS AND THEIR SPOUSES WITH A REIMBURSEMENT OF PREMIUMS PAID TO CERTAIN MEDICARE PLANS AND TO PROVIDE ACCESS TO A POST AGE 65 GROUP DENTAL PLAN 3 3 0 0 0 0 0 0 2437221 2563462 1295897 800609 0 0 3733118 3364071 0 0 382947 527272 37010 32346 0 0 0 397848 451731 817805 1011349 2915313 2352722 61202671 63427326 169713 1560256 61032958 61867070 X SEE SCHEDULE O false false Provide a premium reimbursement of up to $1,344 per participant for the 1/1/2011 plan year for eligible retired pilots and/or their spouse who are age 65 or over and who are age 65 or over and who purchase a Medicare Supplement Policy and/or Medicare Part D policy. There were approximately 515 participants at the end of the 1/1/2011 plan year. Provide access to group retiree rates for eligible retired FedEx pilots and their spouse who choose to purchase dental insurance through MetLife. This is a contributory plan with no cost to the VEBA for making this benefit available. false false false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false false X 3 3 false false false false false true true true false false true false false true true true false X STEVEN HODGSON 7036894114 535 HERNDON PARKWAY HERNDON VA 20170 MIKE BROOME 5.0 X 0 0 0 CRAIG DROSSEL 5.0 X 6347 0 0 AL SMITH 5.0 X 6311 0 0 FRANK MAGUIRE 5.0 X 6347 0 0 LEE MOAK 1.0 X 0 565460 296976 DAVID CHASE 5.0 X 0 2492 0 THE NORTHERN TRUST COMPANY 1.0 X 0 0 0 STEVEN HODGSON 5.0 X 0 203061 61394 JOHN PRATER X 0 216249 10634 19005 987262 369004 0 true true false NONE NONE 0 0 EMPLOYEE CONTRIBUTIONS 900099 141345 141345 EMPLOYER CONTRIBUTIONS 900099 2422117 2422117 2563462 1647502 1647502 0 0 27897162 28744055 -846893 -846893 -846893 0 0 0 0 3364071 2563462 800609 0 0 0 527272 32346 0 0 0 0 0 0 0 25825 0 0 170846 0 0 0 0 0 0 0 0 0 0 0 0 2100 PREMIUMS PD BY PARTICIPANTS 141345 VEBA ACTUARY/CONSULTANT FEES 59135 BOARD MEMBER EXPENSES 34962 ADMINISTRATIVE EXPENSES 17518 1011349 0 0 0 0 0 0 115065 951263 0 0 0 0 0 0 0 0 0 0 0 61087606 62476063 0 0 0 0 0 0 0 0 61202671 63427326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 169713 1560256 169713 1560256 X 61032958 61867070 0 0 0 0 61032958 61867070 61202671 63427326 X 2352722 -1518610 X false true true X 0 PENDING TRADE PURCHASES 1560256 1560256 3364071 1011349 2352722 -1518610 -1518610 834112 1845461 -1518610 -1518610 3364071 3364071 1011349 1011349 1011349 SUPPLEMENTAL INFORMATION PART X The Air Line Pilots Association Fed Ex Pilots Post-Medicare Retiree Health Plan Trust qualifies under Section 501(c)(9) of the Internal Revenue Code (IRC) as a Voluntary Employees' Beneficiary Association (VEBA). The VEBA has received determination letter from Internal Revenue Service (IRS) on August 22, 2008. Accordingly, no provision for income taxes is needed. The Plan is required to operate in conformity with the IRC in order to maintain the VEBA's tax-exempt status. The Plan administrator is not aware of any course of action or series of events that has occurred that might adversely affect the VEBA's tax-exempt status. The Plan has been amended since the most recent determination letter was issued; however, the Plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC. 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 the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2011, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or 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. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2008. true true false LEE MOAK 0 370286 0 0 0 195174 0 268972 0 28004 0 862436 0 STEVEN HODGSON 0 201278 0 0 0 1783 0 42783 0 18611 0 264455 0 JOHN PRATER 0 108655 0 0 0 107594 0 10634 0 0 0 226883 0 0 Schedule J, Part I, Line 4a Capt. Prater received the following compensation as a former officer. Base Compensation $108,655 Severance Payout $107,594 401(k) Contribution $ 10,634 ---------- Total $226,883 Schedule J, Part I, Line 4b Participant of a supplemental nonqualified retirement plan: Steven Hodgson: $ 20,800 ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 PURSUANT TO THE COLLECTIVE BARGAINING AGREEMENT BETWEEN FEDEX CORPORATION AND THE AIR LINE PILOTS ASSOCIATION, INTERNATIONAL, THE MISSION OF THE FEDEX PILOTS POST-MEDICARE RETIREE HEALTH PLAN IS TO PROVIDE ELIGIBLE RETIRED PILOTS AND THEIR SPOUSES WITH A REIMBURSEMENT OF PREMIUMS PAID TO A MEDICARE SUPPLEMENT HEALTH PLAN AND/OR A MEDICARE PART D PLAN, AND TO PROVIDE ACCESS TO A POST AGE 65 GROUP DENTAL PLAN. THE PREMIUM REINBURSEMENT RATE IS DETERMINED ANNUALLY BY THE BOARD IN ACCORDANCE WITH THE PLAN DOCUMENT. Governing Body PART VI, SECTION A, LINE 1A AND 1B The Board consists of two active pilots one of whom is a regular board member with voting rights, and one of whom is an alternate member who votes if the regular member is not present. The Board also consists of three retired pilot members, two of whom are regular board members with voting rights and one who votes if the one of the regular members is not present. Organization's Members and Stockholders Part VI, Section A, Line 7a The president of the Air Line Pilots Association, International, has the power to appoint and remove all members of the Administrative Board. Part VI, Section A, Line 7b AS THE ASSOCIATION IS THE PLAN SPONSOR, THE PRESIDENT OF THE ASSOCIATION SIGNS ANY PLAN DOCUMENTS AND ANY CHANGES TO THE PLAN DOCUMENT. Committee with Authority Part VI, Section A, Line 8b The organization does not have committees with authority to act on behalf of the governing body Form 990 Review Process Part VI, Section B, Line 11 The final draft of the organization's form 990 is sent to the VEBA Board Members; Steven Hodgson, ALPA management; and Barbara Esplin - consultant who coordinates the audit, 5500 and 990 for the Plan. Each person reviews the draft Form 990 and is requested to provide any feedback to Barbara Esplin, who in turn reports any comments back to Grant Thornton. The comments are incorporated into the final version of the Form 990 which is filed with the IRS. Process of determining Compensation Part VI, Section C, Line 15a and 15b The Administrative Board of the Organization has set the reasonable compensation rate which is articulated in the organization's VEBA Administrative Board Administrative Manual. 1. Retired Members serving on the Board: will be compensated 6 hours per day at the widebody Captain rate, plus a 7.65% override to offset THE EMPLOYER'S SOCIAL SECURITY MATCH. TRAVEL DAYS WILL BE COMPENSATED AT 1/2 (ONE HALF) OF A FULL DAY RATE. PARTIAL DAYS WILL BE PRORATED. 2. Active Members of ALPA serving on the Board: will be compensated 6 hours per day at the widebody Captain rate, plus a 7.65% override TO OFFSET THE EMPLOYER'S SOCIAL SECURITY MATCH. TRAVEL DAYS WILL BE compensated at (one half) of a full day rate. However, when the pilot is on flight pay loss, compensation will be per the MEC policy manual. 3. All VEBA Administrative Board compensation will be approved before payment by the VEBA Administrative Board Chairman or his designee. In no case will a Board Member approve his own compensation. The organization does not compensate its officers directly. Public availability of information Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION CURRENTLY DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY, BUT IF THIS POLICY IS DEVELOPED, IT TOO WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Other changes in net assets or fund balances Part XI, line 5 unrealized losses of $1,518,610. Air Line Pilots Association 360710830 Labor Union VA 501(C)(5) N/A NA false false false false false false false false false false false true true true true false false false false