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.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
PSEG HEALTH BENEFITS TRUST
Employer identification number
13-4019139
13-4019139
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINES 1A & 1B | THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED. THE TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH, THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. |
| FORM 990, PART VI, LINE 11B | A COMPLETE ELECTRONIC COPY OF THE TRUST'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, LINE 12A | THE TRUST DOES NOT MAINTAIN ITS OWN CONFLICT OF INTEREST POLICY, BUT IS SUBJECT TO PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED'S OVERALL POLICY. PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED DOES MONITOR AND ENFORCE COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY. |
| FORM 990, PART VI, LINE 13 | THE TRUST IS SUBJECT TO PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED'S WHISTLEBLOWER POLICY. |
| FORM 990, PART VI, LINE 14 | THE TRUST DOES NOT MAINTAIN ITS OWN DOCUMENT RETENTION AND DESTRUCTION POLICY AS IT IS SUBJECT TO PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED'S DOCUMENT RETENTION AND DESTRUCTION POLICY. |
| FORM 990, PART VI, LINE 15 | NOT APPLICABLE TO THIS ORGANIZATION, AS IT IS A 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE ANY EMPLOYEES, THEREFORE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE. |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) | AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR PSEG HEALTH BENEFITS TRUST. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES/ INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) CONTINUED | THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED. |
| FORM 990, PART XII, LINE 1 | MODIFIED CASH BASIS |
| SUPPLEMENTAL INFORMATION | PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED SPONSORS THE POST-RETIREMENT HEALTH BENEFITS PLAN, WHICH IS THE UNDERLYING PLAN, AND IS THE SPONSORING ENTITY OF THE TRUST. THE EMPLOYEES OF PSEG SERVICES CORP, PSEG POWER LLC, AND PUBLIC SERVICE ELECTRIC & GAS COMPANY (ALL SUBSIDIARIES OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED) PARTICIPATE IN THE POST-RETIREMENT HEALTH BENEFITS PLAN AND THEIR CONTRIBUTIONS ARE REMITTED TO THE TRUST. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
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