2024-05-15T08:05:24-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 411767627 Minnesota Bankers Association Employee Benefits Trust MINN 9528353900 8050 Washington Ave South 150 Eden Prairie MN 55344 Joseph Witt President/CEO 9528353900 2024-05-14 1 Joseph Witt 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Joseph Witt 8050 Washington Ave South 150 Eden Prairie MN 55344 3439780 0 X N/A X 1986 MN Provides group insurance benefits for employees of member banks of Minnesota Bankers Assoc. 8 0 0 0 12173 0 0 0 3474468 3427607 5414 12173 0 0 3479882 3439780 0 0 0 1853276 352162 362474 0 0 0 3336551 1439688 3688713 3655438 -208831 -215658 1999600 1847930 154075 218063 1845525 1629867 MBA EBT provides insurance products to over 5,400 employees of banks throughout Minnesota. 0 0 The MBA Life Plan provides basic and optional life insurance to 3,568 employees of Minnesota banks.The MBA Disability Plan provides long-term and short-term disability insurance to 2,860 employees of Minnesota banks.The MBA Dental Plan provides dental insurance to 2,487 employees of Minnesota banks. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 1 1 0 0 0 0 0 0 0 X 8 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 X Joseph Witt 9528353900 8050 Washington Ave S Ste 150 Eden Prairie MN 55344 X Heather Johnson Trustee 1.00 39.00 X 0 0 0 Douglas Tate Trustee 1.00 39.00 X 0 0 0 Kellie Oestrich Trustee 1.00 39.00 X 0 0 0 Sara Bode Trustee 1.00 39.00 X 0 0 0 Amy Amundson Trustee 1.00 39.00 X 0 0 0 Chelsea Bennett Trustee 1.00 39.00 X 0 0 0 Joan Giefer Trustee 1.00 39.00 X 0 0 0 Stacy Meyer Trustee 1.00 39.00 X 0 0 0 Joe Witt MBA President/CEO 3.70 36.30 X 0 418552 64322 0 418552 64322 0 0 1 0 0 Insurance Premiums fro 524298 3427607 3427607 3427607 12173 12173 3439780 3427607 12173 0 1853276 278330 18779 46822 18543 19011 421 485 1260 42746 20593 1097 2565 3681 Insurance Premiums 1219785 Dental ASO Fee 126239 Dues & Subscriptions 213 1592 3655438 747593 570024 1250891 1261398 235 16508 24795 24795 0 0 881 1999600 1847930 27157 27723 126918 190340 154075 218063 X 0 0 0 0 1845525 1629867 1845525 1629867 1999600 1847930 -215658 0 X X 0 0 0 24795 24795 0 0 Unearned Insurance Premiums 3729 Claims Reported and Payable 78945 Other Liabilities 107666 190340 0 0 0 Joe Witt MBA President/CEO 0 346560 0 71992 0 0 0 20250 0 44072 0 482874 0 0 Form 990, Schedule J, Line 3: The officer compensation is paid by a related organization, Minnesota Bankers Association. The Trust relies on that organization to use some of the methods identified in Line 3 of Schedule J. Form 990, Part VI, Section A, line 6 The organization is a VEBA under 501(c)(9) of the Internal Revenue Code. Each employee of an Employer shall become a member in the Trust upon satisfying the eligibility and participation requirements set forth in the instrument which established the Plan. The Employer includes Minnesota Bankers Association, Minnesota Bankers Association Employee Benefits Trust, and any member of MBA which has adopted the Plan for its eligible employees and their beneficiaries, and any sucessors to MBA or its members. Form 990, Part VI, Section A, line 7a Minnesota Bankers Association (MBA) appoints the trustees. An annual election occurs at the MBA annual meeting to elect the new MBA Vice Chair/Treasurer who also serves as a MBA EBT Trustee. Form 990, Part VI, Section A, line 8b The Trust has no committee with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by MBA's President/CEO prior to filing. Form 990, Part VI, Section B, line 12c Annually, the trustees are required to sign a disclosure acknowledging that they have received and read the conflict of interest policy. Any potential conflicts should be brought forward to the President/CEO. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part VI, Line 1b: The Board of Trustees consists of employees of the contributing employers, and as such, the Trustees are compensated by the contributing employers for the services they provide as employees of their respective employer. Due to this, the Trustees are not considered independent for tax reporting purposes. Form 990, Part VII: The Board of Trustees are employees of contributing employers or the sponsoring employer organization, and those organizations are considered related organizations under the definitions for Form 990, Schedule R. For the related organizations that are for-profit entities, they are not owned or controlled, directly or indirectly, by the organization or one or more related tax-exempt organizations, and do not provide management services for a fee to the organization. As such, under the volunteer exception compensation paid by those related organizations is omitted. Form 990, Part XII, Line 2b: The Trust does not have an audit, but the three plans that roll up into the Trust, and make up the total activity of the Trust, do have a separate audit by an independent accountant. Minnesota Bankers Association 8050 Washington Avenue South Eden Prairie MN 55344 411329720 Promoting general welfare and interest of banking industry. 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