Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 8a | Bank of America is the Trustee and Independent Voting Member. Hartford HealthCare Corp (HHC) is the Plan Administrator. Day to Day record keeping is performed by a third party administrator. Oversight is provided by employees of HHC. HHC employees receive no additinal compensation for services rendered on behalf of the Trust. |
| Form 990, Part VI, Section A, line 8b | Bank of America is the Trustee and Independent Voting Member. Hartford HealthCare Corp (HHC) is the Plan Administrator. Day to Day record keeping is performed by a third party administrator. Oversight is provided by employees of HHC. HHC employees receive no additinal compensation for services rendered on behalf of the Trust. |
| Form 990, Part VI, Section B, line 11 | The Form 990 was prepared by Hartford HealthCare's Tax Department. The Form was reviewed and signed by the System Tax Director and then filed with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | The Trust had adopted the policy of the member, Hartford HealthCare Corporation (HHC). HHC's Conflict of Interest Policy (Policy) requires all Covered Individuals, including board members and officers, to provide a disclosure of relationships that create or have the appearance of creating a conflict of interest or commitment. The Policy requires updates if changes in circumstances arise during the year that either (a) create a new potential conflict of interest or commitment or (b) change or eliminate a conflict of interest or commitment previously disclosed. Conflict of Interest disclosure statements are maintained by the HHC Office of Compliance, Audit & Privacy (OCAP). Employee disclosures are reviewed by OCAP in collaboration with the Covered Individuals' supervisor when deemed appropriate, to determine if there is a potential conflict. Oversight review of employee disclosures is provided by the HHC Conflict of Interest Committee (the Committee) which includes representation from the Medical Staff, the Legal Department, Human Resources, Supply Chain Management and Compliance. The Committee assesses and may recommend the conflicting interest either be (a) eliminated for a continued relationship with HHC, or (b) managed through a management plan. Board member disclosures are reported to the HHC Nominating and Governance Committee for determinations of conflicts and the management of them, where applicable. |
| Form 990, Part VI, Section B, line 15 | The Independent Executive Compensation Committee (Committee) of the Board of Directors of Hartford HealthCare on behalf of Hartford HealthCare Corporation Group Employee Benefits Plan Trust (VEBA), hires an outside consultant, Integrated Healthcare Strategies, a division on Gallagher Benefit Services Inc., to determine best practices in governing executive compensation. The following steps were taken: - Use of an Independent Executive Compensation Committee (Committee) of the Board of Directors of Hartford HealthCare, on behalf of Hartford HealthCare Corporation Group Employee Benefits Plan Trust (VEBA), established and regularly reviews Executive Compensation Philosophy. - The Committee regularly reviews scope and depth of positions taking into account complexity and the financial impact and accountability of all "disqualified persons". - National peer groups are selected for comparative purposes based on organizational size, operating revenue, geography and other relevant factors. - Analysis of current total compensation versus market performed by independent third party compensation consulting firm, is reviewed by the committee. - Recommendations are made based on data analysis to ensure appropriate competitive positioning within parameters of compensation philosophy. - The CEO compensation is reviewed by the Committee based on comparative market information and organizational performance. - All changes are reviewed and approved by Executive Compensation Committee. The CEO compensation determination process is reviewed on an annual basis. All other executive compensation is regularly reviewed for scope and depth of positions taking into account complexity and the financial impact and accountability. |
| Form 990, Part VI, Section C, line 19 | Annually, the Summary Annual Report (SAR) which includes the Contact and Plan Information is distributed to participants. The Financial Statements, Governing Documents and the Conflict of Interest Policy are available for inspection upon request at the Organization's address. |
| Form 990, Part XI, line 9: | Refunds on Overpayments of Pooled Benefit Accounts to Participating Members -14,675. |
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