2024-10-01T09:01:28-05:00 2023-12-31 920460586 PWC US TAX LLP 4300 E CAMELBACK ROAD STE 475 PHOENIX AZ 85018 990 2023-01-01 341844560 KEYCORP EBA FOR POST RET MEDICAL KEYC 2166897663 4900 TIEDEMAN ROAD OH-01-49-0381 BROOKLYN OH 44144 KEYBANK BY JOSEPH VELKOS VICE PRESIDENT 2166897663 2024-07-23 true true JEFFREY E KUHLIN P00353001 4123556000 2024-07-23 X 2023 2024-10-15 13:58:12Z KEYBANK NA TRUSTEE 19660083 false X N/A X 1996 OH THE KEYCORP RETIREE MEDICAL BENEFITS TRUST PROVIDES MEDICAL BENEFITS TO OR FOR MEMBERS. 6 6 0 6 3239889 3238889 0 8880397 1014803 5690534 3239889 0 14570931 4254692 0 6393541 4791034 0 0 0 2354227 3595605 8747768 8386639 5823163 -4131947 32504627 28372680 0 0 32504627 28372680 THE KEYCORP RETIREE MEDICAL BENEFITS TRUST PROVIDES MEDICAL BENEFITS TO OR FOR MEMBERS. false false 4791034 THE KEYCORP RETIREE MEDICAL BENEFITS TRUST PROVIDES MEDICAL BENEFITS FOR QUALIFYING KEYCORP PARTICIPATING RETIREES AND THEIR SPOUSES. 4791034 false false false false false false false false false false false false false false false false false false false false 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 X 0 0 0 true true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true false false false false false false X KEYBANK NATIONAL ASSOCIATION 2168134556 4900 TIEDEMAN RD OH-01-49-0381 BROOKLYN OH 44144 X KEYBANK NA TRUSTEE 2.0 X 0 0 0 DOUGLAS W PREISER TRUST OVERSIGHT COMMITTEE 1.0 X 0 0 0 DOUGLAS M SCHOSSER CHAIRMAN 1.0 X 0 0 0 SHELBY H BALL TRUST OVERSIGHT COMMITTEE 1.0 X 0 0 0 ALAN D DUFFY TRUST OVERSIGHT COMMITTEE 1.0 X 0 0 0 JAMES A HOFFMAN CHAIRPERSON 1.0 X 0 0 0 0 0 0 false false false EMPLOYEE CONTRIBUTIONS 525100 1014803 1014803 1014803 871059 871059 0 17774221 15405391 2368830 2368830 2368830 990T TAX REFUND 2017 TAX YEAR 4254692 1014803 3239889 0 4791034 4791034 EXCISE TAX ESTIMATES FOR THE 990-T 3595605 3595605 8386639 4791034 3595605 0 32504627 28372680 32504627 28372680 0 0 X 32504627 28372680 32504627 28372680 32504627 28372680 -4131947 X X false false false EXPLANATION FOR FORM 990, PAGE 5, PART V, LINE 3b A 990T WILL BE FILED OR EXTENDED AT THE SAME TIME AS THE 990. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a KEYBANK IS SOLE TRUSTEE. THE TRUST IS ADMINISTERED BY A TRUST OVERSIGHT COMMITTEE. ALL MEMBERS HAVE A VOTE. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a MEETS TWICE A YEAR OR AS NECESSARY. MINUTES ARE KEPT. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THERE IS ONLY ONE COMMITTEE, THE TRUST OVERSIGHT COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW ALL RETURNS ARE PREPARED AND THOROUGHLY REVIEWED BY OUR TAX VENDOR AND/OR INTERNAL PROFESSIONAL TAX DEPARTMENT EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c NO CONFLICT OF INTEREST POLICY EXISTS FOR THE TRUST. KEYBANK N.A. HAS A CORPORATE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15a THE TRUSTEE, KEYBANK N.A. DOES NOT RECEIVE ANY COMPENSATION FROM THE TRUST FOR ITS SERVICES RENDERED. THE FEES RELATING TO THESE SERVICES ARE PAID DIRECTLY BY KEYCORP NOT BY THE TRUST FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST BY MAIL OR BY PHONE AND DELIVERED WITHIN TWO WEEKS OF THE REQUEST. FORM 990, PAGE 12, PART XII, LINE 1 MODIFIED CASH BASIS EXPLANATION FOR FORM 990, PAGE 12, PART XII, LINE 3b THE SPECIFIC TRUST AND RELATED FINANCIAL INFORMATION COVERED BY THIS RETURN IS NOT AUDITED. THE TRUST IS USED TO FUND, IN PART, BENEFITS PROVIDED FOR UNDER THE KEYCORP MEDICAL BENEFITS PLAN FOR RETIREES. CERTAIN FINANCIAL ACTIVITY RELATED TO THE PLAN IS ALSO TRANSACTED AND FUNDED DIRECTLY BY THE EMPLOYER (KEYCORP) SEPARATELY AND OUTSIDE FROM THE TRUST. THE MOST SIGNIFICANT ACTIVITY TRANSACTED AND FUNDED DIRECTLY BY THE EMPLOYER APART FROM THE TRUST RELATES TO "KEY EMPLOYEES" AS THAT TERM IS DEFINED IN IRC 419(I). ALL ACTIVITY (BENEFIT PAYMENTS, EMPLOYER AND RETIREE CONTRIBUTIONS) RELATING TO "KEY EMPLOYEES" IS TRANSACTED AND FUNDED DIRECTLY BY THE EMPLOYER AND NOT BY THE TRUST BECAUSE OF RESTRICTIONS RELATING TO "KEY EXPLANATION FOR FORM 990, PAGE 12, PART XII, LINE 3b EMPLOYEESTHE VEBA POSTRETIREMENT MEDICAL TRUST SET FORTH IN IRD419a(d). ALTHOUGH THE TRUST AND RELATED FINANCIAL INFORMATION COVERED BY THIS RETURN IS NOT AUDITED./ "THE PLAN" WHICH IS FUNDED IN PART BY THE TRUST, IS AUDITED. THE SEPARATE AUDITED FINANCIAL STATEMENTS RELATING TO THE PLAN ARE FILED ANNUALLY FOR PURPOSES OF COMPLYING WITH IRS/DOL FORM 5500 (ANNUAL RETURN/REPORT OF EMPLOYEES BENEFIT PLANS). BECAUSE THE FINANCIAL ACTIVITY RELATING TO THE TRUST COVERED BY THIS RETURN DOES NOT INCLUDE ALL OF THE PLAN'S FINANCIAL ACTIVITY, ANY COMPARISON OF THE PLAN'S AUDITED FINANCIAL STATEMENTS FOR THE TRUST WOULD NOT BE MEANINGFUL. KEYCORP EMPLOYEE WELFARE BENEFITS TRUST 127 PUBLIC SQUARE CLEVELAND OH 44114 341844561 THE WELFARE TRUST PROVIDES MEDICAL, DISABILIT OH 34-1844561 501(c)9 KEYCORP false