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 6 | The Organization has members or stockholders. |
| Form 990, Part VI, Section A, line 7a | The oranization has members, stockholders, or other persons who may elect one or more members of the governing body. |
| Form 990, Part VI, Section A, line 7b | Decisions of the governing body are subject to approval by members, stockholders, or other persons. Solutia Retiree Welfare Trust is administered by one human resources benefit manager. All changes to this plan must be approved by the voting members of the governing body. |
| Form 990, Part VI, Section B, line 11 | The completed Form 990 is provided to voting members, prior to filing with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | Solutia, Inc. ("Solutia") is a wholly-owned subsidiary of Eastman Chemical Company ("Eastman"). All employees of Eastman including the voting members of the benefits planning committee are required to complete compliance and other risk based training classes on an annual basis. Employees' participation and test results are monitored by Solutia for reportable events (e.g. conflict of interest) and are reviewed by senior management of Solutia. There are no restrictions at this time which prohibit the governing body in policy discussions and decisions. |
| Form 990, Part VI, Section C, line 19 | No documentation available to the public. |
| Form 990 Part VII | BMO Harris Bank NA was the trustee of the Plan until January 16, 2015, when the Northern Trust Company became the trustee of the Plan. There are 3 members of the Benefits Planning Committee, which is the governing body for the trust. None of them received compensation directly from the trust. Additional Information available upon request for the individual members. |
| Form 990, Part XI, line 9: | Transfer to Solutia Inc. MEdical Plan for Retirees. -680,461. Other adjustments - cash to accrual adjustments 1,106,953. |
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