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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Inspection
Name of the organization
KRAFT FOODS GROUPINC GROUP BENEFIT TRUST II
Employer identification number
36-6961127
36-6961127
| Return Reference | Explanation |
|---|---|
| PART VI, SECTION A | PART VI, SECTION A, ITEM 2: EACH INDIVIDUAL SERVING AS AN OFFICER OF THE ORGANIZATION WAS A SENIOR MANAGER OF KRAFT FOODS GROUP, INC. THE SPONSOR OF THE ORGANIZATION. EACH RECEIVED COMPENSATION FROM KRAFT FOODS IN HIS OR HER CAPACITY AS AN EMPLOYEE OF THAT COMPANY OR AFFILIATE. LINE 3: JPMORGAN CHASE IS THE DIRECTED TRUSTEE OF THE TRUST AND PURSUANT TO THE TRUST AGREEMENT PERFORMS CERTAIN FUNCTIONS WITH RESPECT TO THE TRUST. LINE 8B: KRAFT FOODS GROUP, INC. BENEFITS INVESTMENT COMMITTEE IS RESPONSIBLE FOR DIRECTING CHASE AS TRUSTEE WITH RESPECT TO TRUST INVESTMENTS. THE KRAFT FOODS GROUP, INC. ADMINISTRATIVE COMMITTEE IS RESPONSIBLE FOR ADMINISTRATION OF THE BENEFIT PLAN FUNDED THROUGH THE TRUST. EACH COMMITTEE MAY DELEGATE ALL OR PART OF ITS AUTHORITY TO AN INDIVIDUAL OR ENTITY. LINE 9: EACH OFFICER OF THE VEBA CAN BE REACHED THROUGH THE MAILING ADDRESS PROVIDED (THE TRUSTEE'S ADDRESS). EACH SUCH OFFICER WORKS IN A DIFFERENT LOCATION: KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD, IL 60093. |
| PART VI, SECTION B | LINE 11A: THE GOVERNING TRUST COMMITTEE DELEGATES DAY TO DAY RESPONSIBILITY FOR OPERATING THE TRUST TO THE TRUSTEE AND TO PROFESSIONALS IN FINANCE, BENEFITS AND LAW OF THE TRUST SPONSOR. THE TRUSTEE PREPARES A DRAFT OF THE FORM 990 WHICH IS THEN REVIEWED BY STAFF PROFESSIONALS ON BEHALF OF THE GOVERNING TRUST COMMITTEE. A COPY IS THEN PROVIDED TO MEMBERS OF THE COMMITTEE. LINE 12C: APART FROM THE TRUSTEE WHICH IS AN INSTITUTIONAL TRUSTEE AND SUBJECT TO FIDUCIARY AND CONTRACTUAL STANDARDS, EACH OFFICER WHO IS A MEMBER OF THE TRUST'S GOVERNING COMMITTEE IS ALSO A FIDUCIARY UNDER ERISA WHO IS REQUIRED TO ACT IN THE EXCLUSIVE BENEFIT OF BENEFIT PLAN PARTICIPANTS. FURTHER, EACH OFFICER, AS AN EMPLOYEE OF KRAFT FOODS GROUP, INC. IS SUBJECT TO THE KRAFT FOODS GROUP, INC. CONFLICTS OF INTEREST/ETHICS POLICY. UNDER THIS POLICY, AN OFFICER WOULD BE PRECLUDED FROM ACTING IN A MANNER WHICH WOULD REPRESENT A CONFLICT OF INTEREST WITH KRAFT FOODS GROUP, INC. OR ITS BENEFIT PLANS OR TRUSTS. |
| PART VI, SECTION C | QUESTION 19: THE TRUST PROVIDES COPIES OF ITS GOVERNING DOCUMENTS TO PLAN PARTICIPANTS ON WRITTEN REQUEST TO THE PLAN ADMINISTRATOR. ALL KRAFT FOODS EMPLOYEES HAVE INTRANET ACCESS TO THE KRAFT FOODS CONFLICTS OF INTEREST POLICIES APPLYING TO THE TRUST OFFICERS WHO ARE KRAFT FOOD EMPLOYEES. THE TRUST FINANCIAL STATEMENTS ARE AVAILABLE TO ALL PLAN PARTICIPANTS ON REQUEST; SUMMARY ANNUAL REPORTS ARE DISTRIBUTED TO PLAN PARTICIPANTS AND POSTED ON AN INTRANET SITE. |
| PART VI, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED PRIOR TO FILING BY THE TRUSTEE AND OTHERS AT THE SPONSOR WHO ARE RESPONSIBLE FOR THE ADMINISTRATION OF THE TRUST. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014
Additional Data
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