2023-11-09T19:44:04-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-01-01 521767808 ABA VEBA ABAV 2026635384 1333 NEW HAMPSHIRE AVENUE NW 700 WASHINGTON DC 20036 KARIN FLYNN CHIEF FINANCIAL OFFICER 2026635384 2023-11-03 1 KARIN FLYNN XXX-XX-XXXX 0 AMY CHAPMAN P00843460 4078021200 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALETHIA BAGGETT 1333 NEW HAMPSHIRE AVENUE NW 700 WASHINGTON DC 20036 11320021 0 X N/A X 1991 DC A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. 1 1 0 0 0 0 0 0 142360 10172496 796235 179048 0 0 938595 10351544 0 0 1209224 1460373 38845 20457 0 0 0 94219 61577 1342288 1542407 -403693 8809137 7309440 15420645 104762 64302 7204678 15356343 ABA VEBA IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. THE MAIN ACTIVITIES OF THE ABA VEBA IS TO PROVIDE MEDICAL AND INSURANCE BENEFITS TO ABA'S RETIREES AND THEIR BENEFICIARIES. 0 0 PROVISION OF MEDICAL AND INSURANCE BENEFITS FOR RETIREES AND BENEFICIARIES. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X CRYSTAL REDDING 2026635384 1333 NEW HAMPSHIRE AVENUE NW STE WASHINGTON DC 20036 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 1.00 36.50 X 0 648376 103308 ALETHIA BAGGETT CHIEF HUMAN RESOURCES OFFICER 1.00 36.50 X 0 635287 62822 NORTHERN TRUST COMPANY TRUSTEE 1.00 X 20457 0 0 20457 1283663 166130 2 0 1 0 0 PLAN CONTRIBUTIONS 900099 10172496 10172496 10172496 206053 206053 941472 968477 -27005 -27005 -27005 10351544 10172496 0 179048 1460373 20457 3788 20645 37144 1542407 7309311 15418905 129 1740 7309440 15420645 21498 104762 42804 104762 64302 X 0 0 0 0 7204678 15356343 7204678 15356343 7309440 15420645 8809137 -631254 -26218 0 X 0 1 X 1 0 0 PAYABLE TO PLAN SPONSOR FOR CLAIMS PAID 42804 42804 X 9720290 -631254 -631254 10351544 0 10351544 1542407 0 1542407 0 1542407 PART X, LINE 2: THE VEBA TRUST FUNDING CERTAIN HEALTH BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED JUNE 23, 1993, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(9) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC, AND THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAX JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 1 0 KARIN PETERSEN FLYNN CHIEF FINANCIAL OFFICER 0 486585 0 148000 0 13791 0 77058 0 26250 0 751684 0 0 ALETHIA BAGGETT CHIEF HUMAN RESOURCES OFFICER 0 407735 0 83200 0 144352 0 36600 0 26222 0 698109 0 75500 PART I, LINE 4B THE TWO EMPLOYEES LISTED PARTICIPATE IN A NON QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN PROVIDED BY A RELATED ORGANIZATION, AMERICAN BANKERS ASSOCIATION (ABA). THE CURRENT YEAR ADDITIONAL ACCRUED BENEFITS WERE: ALETHIA BAGGETT - $23,803 KARIN PETERSEN FLYNN - $40,548 FORM 990, PART VI, SECTION B, LINE 11B ABA VEBA IS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION ESTABLISHED BY THE AMERICAN BANKERS ASSOCIATION (ABA). THE ABA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, CONDUCTED SEVERAL INTERNAL REVIEWS OF THE FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C ABA VEBA MONITORS AND ENFORCES ITS CONFLICTS OF INTEREST POLICY BY, AT LEAST ANNUALLY, HAVING EACH OFFICER, MEMBER OF THE BOARD OF DIRECTORS, AND ALL EMPLOYEES ATTEST BY SIGNATURE THAT THEY HAVE READ, UNDERSTAND, AND ARE IN COMPLIANCE WITH THE POLICY. ON AN ANNUAL BASIS, THE BOARD IS PROVIDED A COPY OF THE POLICY, OFFERED AN OPPORTUNITY TO DISCUSS ITS REQUIREMENTS, AND HAVE ANY QUESTIONS ANSWERED. STAFF ATTENDS THE MEETINGS OF THE BOARD IN ORDER TO MONITOR COMPLIANCE WITH THE REQUIREMENTS AND THAT THE MINUTES OF THE MEETINGS FAIRLY REPRESENT THE DISCUSSIONS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ABA VEBA DOES NOT MAKE ITS GOVERNING DOCUMENTS, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. AMERICAN BANKERS ASSOCIATION 1333 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20036 521001304 MEMBERSHIP ORGANIZATION DC 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 AMERICAN BANKERS ASSOCIATION P 800724 ACTUAL/CASH