2012-11-12T08:38:03-06:00 2011-12-31 990 2011-01-01 222680630 Educational Testing Service Medical and Dental Benefits Plan EDUC 6099219000 Rosedale Road MS 56D Princeton NJ 08541 Thomas J Elliott 6099219000 2012-11-12 2011 2016-02-24 21:20:13Z Thomas J Elliott Rosedale Road MS 56D Princeton NJ 08541 27191556 0 X n/a X 1989 NJ To fund medical and dental benefits for eligible active employees of Educational Testing Svc. 0 0 0 0 0 0 0 0 23648582 27180768 12 9 25722 10779 23674316 27191556 0 0 22079506 24993371 0 0 0 0 0 1464060 1516664 23543566 26510035 130750 681521 1476047 2057296 117421 17149 1358626 2040147 The funding of medical benefits for eligible active employees of Educational Testing Service (ETS) pursuant to the terms of the Educational Testing Service Medical and Dental Plan. 0 0 26478432 27180768 Payment of medical and dental benefits to members and insurance premiums. 26478432 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 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 1 0 0 1 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X Michael J Freddo ETS Vice Preside 6099219000 Rosedale Road MS 56-D Princeton NJ 08541 Wells Fargo Bank NA 1.00 X 5428 76937 0 5428 76937 0 0 0 0 0 Aetna Life Insurance Company 151 Farmington Avenue Hartford CT 06156 Third Party Administration 1655109 Medco Health Solutions Inc 100 Parsons Pond Drive Franklin Lakes NJ 07417 Third Party Administration 219770 2 Employer contributions 900099 20179202 20179202 Employee contributions 900099 7001566 7001566 27180768 9 9 Miscellaneous Income 900099 10779 10779 10779 27191556 27180768 0 10788 24993371 24993371 26175 26175 Third party administrat 1485061 1485061 Bank and trustee fees 5428 5428 26510035 26478432 31603 0 6931 892 1186 1248 30984 1436946 2055156 1476047 2057296 117421 17149 117421 17149 X 1358626 2040147 1358626 2040147 1476047 2057296 681521 0 X 0 1 0 X 0 0 Receivable - Employer contributions 211450 Receivable - Employee contributions 262780 Receivable - ETS Retiree Benefits Plan 1521936 Receivable - Interest 2 Receivable - Stop Loss Reimbursement 58988 2055156 27191556 26510035 681521 681521 27191556 0 27191556 0 27191556 26510035 0 26510035 0 26510035 The Trust is intended to meet the qualification requirements pursuant to Section 501(c)(9) of the Internal Revenue Code (the "Code"), and, accordingly, the net investment income of the Trust is exempt from income taxes. The Internal Revenue Service ("IRS") had determined and informed ETS by a letter issued on April 2, 1990, that the Plan and related Trust are designed in accordance with the applicable sections of the Code. ETS believes that the Trust, as amended, continues to be a tax exempt trust and operates in accordance with applicable provisions of the Code. ETS evaluated the Plan's tax positions and concluded that the Trust maintained its tax exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes is required in the financial statements as of December 31, 2011 and 2010. The Plan is subject to routine examinations by taxing jurisdictions; however, there are currently no examinations for any open tax periods in progress. ETS believes the Plan is not subject to income tax examinations by the IRS for years prior to 2008. Form 990, Part VI, Section A, line 6 The members are the beneficiaries of the ETS Active Employees VEBA. Form 990, Part VI, Section A, line 8a Please see "General Explanation" below. Form 990, Part VI, Section A, line 8b Please see "General Explanation" below. Form 990, Part VI, Section B, line 11 Please see "General Explanation" below. The Form 990 was reviewed in detail by ETS senior management prior to filing. Form 990, Part VI, Section C, line 19 Currently, the Educational Testing Service Medical and Dental Benefits Plan (the ETS Active Employees VEBA), does not make its governing documents or financial statements available to the general public. General Explanation Form 990 This voluntary employees beneficiary association (VEBA) was established for the purpose of providing medical and dental benefits to substantially all eligible employees, as defined, of Education Testing Service (ETS), and is only for active ETS employees. The ETS Active Employees VEBA does not have its own governing Board or committees, but is overseen by the ETS Board of Trustee Finance Committee, officers and senior management, who administer this entity and its decisions regarding investments, benefit administrators, etc. The ETS Active Employees VEBA has no employees of its own and so it has no CEO, Executive Director or top management official, other officers or key employees, referred to in Part VI, Section B, Line 15. With no employees, it pays no compensation to any employees. Rather, it uses the employees of ETS, including the officers and senior management mentioned above, all of whom are covered by and subject to the ETS conflict of interest and whistleblower policies. The Form 990 for the ETS Active Employees VEBA was reviewed by ETS senior management prior to its filing. Retirees Medical Benefits under the Educational Testing Svc Med Dental Plan Rosedale Road MS 56-D Princeton NJ 08541 223372287 Benefit Plan NJ 501(c)(9) Educational Testing Service 0 Educational Testing Service Rosedale Road MS 56-D Princeton NJ 08541 210634479 Educational Testing NY 501(c)(3) 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Retirees Medical Benefits under the Educational Testing Svc Med Dental Plan P 3379304 Cash Educational Testing Service P 20300242 Cash