2024-08-16T09:33:24-05:00 2023-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2023-01-01 141961215 UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST % LORETTA LOGRIPPO UNIS 4122362741 BNY MELLON CTR 500 GRANT ST PITTSBURGH PA 152580001 GARY HARTENSTEIN TRUSTEE 2673303000 2024-08-16 true true ANTONIO C RUSSO DIRECTOR P00858539 2673303000 2024-08-12 2023 2024-08-08 14:25:15Z THE BANK OF NEW YORK MELLON 500 GRANT ST RM 151-4040 PITTSBURGH PA 152580001 649065 false X N/A X 2006 PA PROVISION OF SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PLAN PARTICIPANTS. 0 0 100 0 602 0 0 0 1030811 648463 242 602 0 0 1031053 649065 0 0 1062989 639366 0 0 0 0 0 13592 13978 1076581 653344 -45528 -4279 30250 25971 0 0 30250 25971 X THE UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST (THE "TRUST") FORMS A PART OF THE UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN (THE "PLAN") IN ACCORDANCE WITH SECTION 501(C)(17) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ACTIVITY OF THE TRUST INCLUDES RECEIVING CONTRIBUTIONS FROM UNISYS CORPORATION (AS PLAN SPONSOR) AND PAYING SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE PLAN. AS REQUIRED UNDER CODE SECTION 501(C)(17), THE EXCLUSIVE PURPOSE OF THE PLAN AND TRUST IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE EMPLOYEES, AS A RESULT OF THEIR INVOLUNTARY SEPARATION FROM THE EMPLOYMENT OF UNISYS CORPORATION OR CERTAIN OF ITS SUBSIDIARIES AS PART OF A WORKFORCE REDUCTION OR LAYOFF. false false 653344 0 648463 EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE (SEE SCHEDULE O) 653344 false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true X 0 0 100 true false false false false false false false false X 0 0 false false false false false false false false false false false true false false false false false false X LORETTA LOGRIPPO 2152741370 801 LAKEVIEW DR STE 100 2NE BLUE BELL PA 19422 X THE BANK OF NEW YORK MELLON TRUSTEE (SEE SCHEDULE O) 0.0 0.0 X 0 800 0 0 800 0 0 false false false 0 0 CONTRIBUTIONS FROM UNISYS CORPORATION 900099 648463 648463 648463 602 602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 649065 648463 602 0 0 0 639366 639366 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK SERVICE CHARGES 13978 13978 0 0 653344 653344 0 0 X 8650 16455 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21600 9516 0 0 0 0 0 0 0 0 30250 25971 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 30250 25971 30250 25971 30250 25971 -4279 X X false true X true false 0 0 X 649065 649065 649065 653344 653344 653344 TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FORM 990, SCEDULE D, PART X, LNE 2 THE TRUST FUNDING THE PLAN HAS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED AUGUST 4, 2006, STATING THAT THE TRUST IS TAX EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(17) OF THE INTERNAL REVENUE CODE, AS A SUPPLEMENTAL UNEMPLOYMENT BENEFITS TRUST. THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE EXEMPTION LETTER. THE PLAN ADMINISTRATOR BELIEVES THE PLAN AND TRUST ARE CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE AND, THEREFORE, BELIEVES THE RELATED TRUST IS TAX EXEMPT. THE PLAN ADMINISTRATOR HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE PLAN'S FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022. THE IRS HAS THE ABILITY TO EXAMINE THE PLAN'S TAX RETURN FILINGS FOR ALL OPEN TAX YEARS, WHICH IS GENERALLY THE THREE PRIOR YEARS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. ----------------------------------- SUPPLEMENTAL DISCLOSURES AUDITED FINANCIAL STATEMENTS FORM 990, PART IV, LINE 12 & PART XII, LINE 1 THE AUDITED FINANCIAL STATEMENTS OF UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST (THE "TRUST") ARE PREPARED ON A MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GAAP. ----------------------------------- NUMBER OF EMPLOYEES REPORTED ON FORM W-3 FORM 990, PART V, LINE 2A THE TRUST DOES NOT HAVE EMPLOYEES. THE FORMS W-2 FILED FOR THE YEAR WERE TO REPORT BENEFITS PAID TO ELIGIBLE PLAN PARTICIPANTS. SUCH PARTICIPANTS ARE NOT EMPLOYEES OF THE TRUST. ----------------------------------- TOTAL NUMBER OF OFFICERS, DIRECTORS, AND TRUSTEES PERMITTED TO VOTE FORM 990, PART VI, SECTION A, LINE 1A THE TRUST OPERATES FOR THE EXCLUSIVE PURPOSE OF FUNDING SUPPLEMENTAL UNEMPLOYMENT BENEFIT PAYMENTS SPONSORED BY UNISYS CORPORATION. THE TRUST DOES NOT OPERATE INDEPENDENTLY WITH RESPECT TO CONDUCTING BUSINESS AND, AS SUCH, DOES NOT HOLD BOARD MEETINGS. ALL ADMINISTRATIVE ACTIVITIES INVOLVED WITH RESPECT TO THE TRUST ARE HANDLED BY THE TRUSTEE, THE PLAN MANAGER AND THE UNISYS CORPORATION PENSION INVESTMENT REVIEW COMMITTEE. ----------------------------------- GOVERNANCE AND POLICIES FORM 990, PART VI, SECTION A, LINE 8 & SECTION B, LINES 12-15 THE TRUST IS A SUPPLEMENTAL UNEMPLOYMENT BENEFITS TRUST PURSUANT TO IRC SECTION 501(C)(17). ITS TRUSTEE, THE BANK OF NEW YORK MELLON, HAS A FIDUCIARY DUTY TO ADMINISTER THE TRUST IN THE BEST INTEREST OF THE BENEFICIARIES AND OPERATE PURSUANT TO A STRINGENT CODE OF CONDUCT. SINCE THE TRUST DOES NOT HAVE EMPLOYEES, THERE ARE NO PROCESSES IN PLACE RELATED TO EMPLOYEE COMPENSATION. ----------------------------------- REVIEW OF FORM 990 FORM 990, PART VI, SECTION B, LINE 11B DATA FOR THE FORM 990 IS PROVIDED TO PWC US TAX LLP FOR USE IN PREPARATION OF THE FORM 990. THE FORM 990, AS PREPARED BY PWC US TAX LLP, IS REVIEWED FOR ACCURACY BY THE PLAN MANAGER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. ----------------------------------- AVAILABILITY OF GOVERNING DOCUMENTS, ETC. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE TRUST AGREEMENT IS MADE AVAILABLE TO PLAN BENEFICIARIES. THE TRUST AGREEMENT IS GENERALLY NOT MADE AVAILABLE TO THE PUBLIC. ----------------------------------- AVERAGE HOURS PER WEEK DEVOTED TO POSITION FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST, SUCH AS ACTING AS ITS INVESTMENT MANAGER. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL BANK EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS, BUT INSTEAD 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 UNISYS CORPORATION. UNISYS CORPORATION- PLAN SPONSOR 801 LAKEVIEW DR STE 100 2NE BLUE BELL PA 19422 380387840 COMPUTER SRVC DE NA C CORP false false false false false false false false false false false false false false false false false false false true