2025-04-02T06:46:44-05:00 2024-08-31 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2023-09-01 232121745 PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH AND WELFARE FUND PENN 7172557140 400 NORTH THIRD STREET HARRISBURG PA 17101 MELVIN S RIDDICK TRUSTEE-CHAIRPERSON 7172557140 2025-04-01 1 1 ALYSSA N IRISH P02389116 7177617910 2025-04-01 2023 2025-03-06 01:10:19Z MELVIN S RIDDICK 400 NORTH THIRD STREET HARRISBURG PA 17101 18087421 0 X N/A X 1980 PA THE PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH & WELFARE FUND PROVIDES LIFE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON A FULLY INSURED BASIS AND DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS FOR THE TEACHING PROFESSION AND OTHER SCHOOL EMPLOYEES IN THE COMMONWEALTH OF PENNSYLVANIA. 7 5 0 7 0 0 0 0 15042386 16864923 935365 1222498 0 0 15977751 18087421 0 0 0 0 788809 861153 0 0 0 14144792 15682267 14933601 16543420 1044150 1544001 37951346 43167296 3077885 3328301 34873461 39838995 X THE PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH & WELFARE FUND PROVIDES LIFE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON A FULLY INSURED BASIS AND DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS FOR THE TEACHING PROFESSION AND OTHER SCHOOL EMPLOYEES IN THE COMMONWEALTH OF PENNSYLVANIA. 0 0 THE SELF-FUNDED PROGRAM PROVIDES DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS. BENEFITS ARE PROVIDED BY THE PLAN PURSUANT TO AGREEMENTS BETWEEN EMPLOYERS AND THE PLAN. PLAN EMPLOYERS PROVIDE PARTICIPANT BENEFITS PURSUANT TO COLLECTIVE BARGAINING AND OTHER AGREEMENTS. THE INSURED PROGRAM PROVIDES LIFE INSURANCE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON AN INSURED BASIS. THE FLEXIBLE BENEFITS PROGRAM OFFERS HEALTH CARE AND DEPENDENT CARE REIMBURSEMENT ACCOUNTS TO ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 0 1 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 4 0 1 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X ELIZABETH KRAUSE 7172557140 400 NORTH THIRD STREET HARRISBURG PA 17101 RACHAEL WEST TRUSTEE 1.00 55.00 X 0 53607 68766 JEFFREY D NEY TRUSTEE 1.00 55.00 X 0 111044 69071 MELVIN S RIDDICK TRUSTEE - CHAIRPERSON 1.00 X X 0 0 0 ARTHUR ALOISE TRUSTEE 1.00 X 0 0 0 JACK KELLY TRUSTEE 1.00 X 0 0 0 WENDY SHEEDER TRUSTEE 1.00 X 0 0 0 JOSEPH STEEVES TRUSTEE 1.00 X 0 0 0 0 164651 137837 0 0 1 0 0 EMPLOYERS'CONTRIBUTION 900099 16744976 16744976 ADMINISTRATIVE REVENUE 900099 119947 119947 16864923 1222498 1222498 18087421 16864923 0 1222498 560957 52793 202601 44802 1856 27914 24300 1054 2212 5392 10547 391 30490 CLAIMS INCURRED 14928456 THIRD PARTY ADMINISTRAT 617390 BANK FEES 22335 POSTAGE AND SHIPPING 9930 16543420 3594 0 1831722 2269961 818446 1275191 30057 11648 6542 5368 1565 1174 35256560 39598627 9402 10695 37951346 43167296 8435 9253 1548242 1631762 1521208 1687286 3077885 3328301 X 34873461 39838995 34873461 39838995 37951346 43167296 X 1544001 3236263 185270 X X 0 1 X 1 0 6542 5368 1174 1174 CLAIMS PAYABLE 473433 CLAIMS ESCROW 728080 DUE TO PSEA 433876 ADMINISTRATIVE FEE PAYABLE 51897 1687286 X 21323684 3236263 3236263 18087421 0 18087421 16543420 0 16543420 0 16543420 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, THE PLAN'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE, DATED MARCH 10, 1980, AND THE PLAN SPONSOR BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE AS DESIGNED. THE PLAN SPONSOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF AUGUST 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 0 0 JEFFREY D NEY TRUSTEE 0 93791 0 0 0 17253 0 31594 0 37477 0 180115 0 0 PART I, LINE 3: SEE FORM 990, SCHEDULE O DISCLOSURE FOR PART VI, SECTION B, LINE 15. FORM 990, PART VI, SECTION A, LINE 8B THE PSEA HEALTH AND WELFARE FUND DOES NOT HAVE SEPARATE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY MANAGEMENT AND THE TRUSTEES. MANAGEMENT AND THE TRUSTEES ALSO MEET WITH A REPRESENTATIVE OF THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 AND RELATED SCHEDULES TO DISCUSS THE CONTENT AND ANSWER ANY QUESTIONS OF MANAGEMENT AND THE TRUSTEES. THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. EACH PSEA HEALTH AND WELFARE TRUSTEE OR OTHER INDIVIDUAL DELEGATED POWERS OR FIDUCIARY RESPONSIBILITY FOR THE PSEA HEALTH AND WELFARE FUND SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED, READ, AND UNDERSTAND THE POLICY. FUTHERMORE THAT THEY AGREE TO COMPLY WITH THE POLICY AND THEY UNDERSTAND THAT THE PSEA HEALTH AND WELFARE FUND IS A TAX EXEMPT ORGANIZATION, AND IN ORDER TO MAINTAIN ITS FEDERAL EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ITS TAX EXEMPT PURPOSE. TO ENSURE THAT THE PSEA HEALTH AND WELFARE FUND OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSE, PERIODIC REVIEWS SHALL BE CONDUCTED. THESE REVIEWS WILL SERVE TO ENSURE THAT ANY COMPENSATION ARRANGEMENTS ENTERED INTO BY THE PSEA HEALTH AND WELFARE FUND ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARMS LENGTH BARGAINING. THEY WILL ALSO ENSURE THAT ANY CONTRACTUAL ARRANGEMENTS WITH THIRD-PARTY ADMINISTRATORS CONFORM TO THE PSEA HEALTH AND WELFARE FUND'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENT, FURTHER TAX EXEMPT PURPOSES, AND DO NOT RESULT IN PROHIBITED INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT AND TREASURER OF PSEA SERVE AS TRUSTEES OF THE PSEA HEALTH AND WELFARE FUND. COMPENSATION FOR THESE INDIVIDUALS IS SET BY THE PSEA PERSONNEL COMMITTEE AND THEN APPROVED BY THE PSEA BOARD OF DIRECTORS. COMPENSATION FOR OFFICERS IS DOCUMENTED IN WRITTEN EMPLOYMENT CONTRACTS. THE SALARIES FOR THE OFFICERS ARE BASED ON A DIFFERENTIAL FROM THE HIGHEST BARGAINING UNIT SALARY. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES A REVIEW OF COMPARABILITY DATA. COMPARISON DATA FROM NATIONAL EDUCATION ASSOCIATION STATE AFFILIATES IS COLLECTED, SUMMARIZED, AND MADE AVAILABLE TO THE PERSONNEL COMMITTEE FOR THEIR CONSIDERATION. THE DELIBERATION PROCESS AND OUTCOME IS DOCUMENTED IN THE PERSONNEL COMMITTEE MEETING FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFIT OBLIGATION 185,270. PART XII, LINE 2C THE TRUSTEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PENNSYLVANIA STATE EDUCATION ASSOCIATION 400 NORTH THIRD STREET HARRISBURG PA 17101 230961125 LABOR UNION/PROFESSIONAL ASSOCIATION PA 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0