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
2020
Open to Public
Inspection
Inspection
Name of the organization
THE RAILROAD EMPLOYEES NATIONAL HEALTH &
WELFARE PLAN
WELFARE PLAN
Employer identification number
52-1118310
52-1118310
| Return Reference | Explanation |
|---|---|
| FORM 990, PART 1, LINE 22 | NET ASSETS IN ACCORDANCE WITH THE INSTRUCTIONS FOR COMPLETING THE FEDERAL FORM 990, THE FOLLOWING CLAIMS RELATED OBLIGATIONS HAVE NOT BEEN REPORTED IN THE FORM 990 FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. 2020 2019 HEALTH CLAIMS PAYABLE $50,666,889 $60,378,147 INSURANCE PREMIUMS PAYABLE 32,775 5,130 CLAIMS INCURRED BUT NOT REPORTED 125,492,933 112,239,910 ACCUMULATED ELIGIBILITY CREDIT AND EXTENDED BENEFIT COVERAGE 180,364,944 182,116,737 356,557,541 354,739,924 POSTRETIREMENT BENEFIT OBLIGATIONS 140,670,888 127,956,612 TOTAL PLAN BENEFIT OBLIGATIONS $497,228,429 $482,696,536 |
| FORM 990, PART VI, SECTION A, LINE 3 | CLAIMS PROCESSING AND ADMINISTRATION DUTIES HAVE BEEN DELEGATED TO THIRD PARTY ADMINISTRATORS. IN ADDITION, ONE THIRD PARTY ADMINISTRATOR ACTS AS THE CENTRAL ADMINISTRATOR WHOSE DUTIES INCLUDE ADMINISTRATIVE SERVICES RELATING TO THE MAINTENANCE AND PREPARATION OF THE PLAN'S FINANCIAL RECORDS (INCLUDES RECEIVING AND COMPILING INFORMATION FROM ALL OTHER THIRD PARTY ADMINISTRATORS) AND THE DETERMINATION AND MAINTENANCE OF EMPLOYEE ELIGIBILITY (INCLUDES RECEIVING WORK HISTORY REPORTING FROM THE PARTICIPATING RAILROADS, DETERMINING EMPLOYEE ELIGIBILITY, AND DISTRIBUTION OF ELIGIBILITY INFORMATION TO ALL OTHER THIRD PARTY ADMINISTRATORS). |
| FORM 990, PART VI, SECTION A, LINE 8A | GENERALLY SPEAKING, ACTIONS TAKEN BY THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. HOWEVER, FROM TIME TO TIME, THERE MAY BE ACTION TAKEN BY THE GOVERNING BODY THROUGH INFORMAL CONCURRENCE THAT IS NOT CONTEMPORANEOUSLY DOCUMENTED. |
| FORM 990, PART VI, SECTION A, LINE 8B | GENERALLY SPEAKING, ACTIONS TAKEN BY THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. HOWEVER, FROM TIME TO TIME, THERE MAY BE ACTION TAKEN BY THE GOVERNING BODY THROUGH INFORMAL CONCURRENCE THAT IS NOT CONTEMPORANEOUSLY DOCUMENTED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS COMPILED BY THE PLAN'S AUDITOR AND DRAFT COPIES ARE PROVIDED TO A REPRESENTATIVE OF THE PLAN. THE PLAN REPRESENTATIVE COMPARES ALL FINANCIAL INFORMATION CONTAINED IN THE 990 TO THE PLAN'S AUDITED FINANCIAL STATEMENTS TO ENSURE AMOUNTS ARE CONSISTENT AND IN AGREEMENT. ALL NON-FINANCIAL INFORMATION CONTAINED WITHIN THE 990 IS ALSO REVIEWED FOR ACCURACY. ALL QUESTIONS AND/OR CONCERNS ARE DISCUSSED WITH THE AUDITOR. ONCE ALL QUESTIONS ARE REMEDIED, THE PLAN REPRESENTATIVE DISTRIBUTES COPIES OF THE 990 TO THE VOTING MEMBER OF THE NCCC AND HEALTH & WELFARE COMMITTEE CRLO. AMOUNTS ARE REVIEWED AND ANY RECOMMENDATIONS, ADJUSTMENTS OR CHANGES ARE DISCUSSED WITH THE PLAN REPRESENTATIVE AND PLAN AUDITOR. ALL APPROPRIATE CHANGES ARE MADE TO THE 990 AND THE FINAL DOCUMENT IS REVIEWED AND SIGNED BY THE VOTING MEMBER OF BOTH GOVERNING COMMITTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VI, SECTION B. POLICIES, LINES 12 - 14 | ALTHOUGH NO WRITTEN CONFLICT OF INTEREST, WHISTLEBLOWER, OR DOCUMENT RETENTION AND DESTRUCTION POLICIES HAVE BEEN IMPLEMENTED FOR THE GOVERNING COMMITTEES OF THE PLAN, THE ORGANIZATIONS THAT HAVE BEEN DELEGATED MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES HAVE SUCH POLICIES IN PLACE. |
| FORM 990, PART VI, SECTION B. POLICIES, LINE 15A AND 15B | NO DIRECTORS ARE COMPENSATED BY THE PLAN, THEREFORE, THERE IS NO APPROVAL PROCESS FOR APPROVING DIRECTOR COMPENSATION. |
| FORM 990, PART IX | STATEMENT OF FUNCTIONAL EXPENSES HEALTH CLAIMS $1,115,845,971 PRESCRIPTION DRUG CLAIMS 267,925,313 INSURANCE PREMIUMS 14,109,492 TOTAL $1,397,880,776 |
| FORM 990, PART VII, SECTION A | OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES THE PLAN IS MANAGED BY THE JOINT PLAN COMMITTEE (JPC) WHICH CONSISTS OF THE NATIONAL CARRIERS' CONFERENCE COMMITTEE AND THE HEALTH AND WELFARE COMMITTEE OF THE COOPERATING RAILWAY LABOR ORGANIZATIONS. THE JPC IS THE PLAN SPONSOR AND THE PLAN ADMINISTRATOR AND THE COMMITTEES ARE LOCATED AT: NATIONAL CARRIERS' CONFERENCE COMMITTEE 251 - 18TH STREET, SOUTH SUITE 750 ARLINGTON, VA 22202 AND HEALTH AND WELFARE COMMITTEE COOPERATING RAILWAY LABOR ORGANIZATIONS 7061 EAST PLEASANT VALLEY ROAD INDEPENDENCE, OH 44131 THE COMMITTEE MEMBERS RECEIVE NO COMPENSATION FROM THE PLAN FOR THEIR SERVICES. EACH COMMITTEE HAS MULTIPLE MEMBERS, BUT EACH COMMITTEE HAS A SINGLE VOTE. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020
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