2024-10-30T09:36:09-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 866349469 SC JOHNSON & SON INC RETIREE MEDICAL BENEFITS TRUST SCJO 2622602000 1525 HOWE STREET RACINE WI 53403 DAVID ISAACSON SECRETARY 2622602000 2024-10-29 1 1 TROY MARINE CPA P00187863 4147775500 2024-10-29 2023 2024-10-15 13:58:12Z DAVID ISAACSON 1525 HOWE STREET RACINE WI 53403 78757993 0 X N/A X 2006 WI TO HOLD THE ASSETS OF THE S.C. JOHNSON & SON, INC. RETIREE MEDICAL BENEFIT PLAN. 3 3 0 0 3176904 3292594 0 0 0 0 15315883 6060489 0 54869 15315883 6115358 0 0 20972638 21145021 0 0 0 0 0 3944190 522000 24916828 21667021 -9600945 -15551663 288226435 309485620 29351668 28196690 258874767 281288930 TO HOLD THE ASSETS OF THE S.C. JOHNSON & SON, INC. RETIREE MEDICAL BENEFIT PLAN. 0 0 PROVIDE FUNDS FOR RETIREE MEDICAL, HOSPITALIZATION, AND HEALTH CARE BENEFITS. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 3 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X DAVID ISAACSON 2622602000 1525 HOWE ST RACINE WI 53403 X JAY GUELDNER CHAIR 0.10 0.10 X 0 0 0 BRIAN GLASER TRUSTEE 0.10 0.10 X 0 0 0 THOMAS HOWARD TRUSTEE 0.10 0.10 X 0 0 0 DAVID ISAACSON SECRETARY 0.50 0.50 X 0 0 0 0 0 0 0 0 0 0 0 6519514 3635929 2883585 72183610 72642635 -459025 -459025 -459025 INCOME TAX REFUND 900099 54869 54869 54869 6115358 0 3176904 2938454 21145021 26080 495920 21667021 37468034 14105776 2654942 2815380 140072651 175282731 108030808 117281733 288226435 309485620 29351668 28196690 29351668 28196690 X 0 0 0 0 258874767 281288930 258874767 281288930 288226435 309485620 -15551663 37965826 0 X X 0 1 X 1 0 0 MUNICIPAL BONDS 117281733 F 117281733 DEFERRED INCOME TAXES 21702400 DUE TO S.C. JOHNSON & SON, INC. 6494290 28196690 X PART X, LINE 2: THE PLAN ASSETS CONTRIBUTED BY EMPLOYEES ARE HELD IN A TRUST QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED APRIL 10, 1997. PLAN ASSETS CONTRIBUTED BY THE COMPANY ARE HELD IN A SEPARATE TRUST QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE. THE TRUST OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED JULY 2, 2007. SINCE THESE EMPLOYER FUNDS ARE SET ASIDE TO FUND POST- RETIREMENT BENEFIT OBLIGATIONS, EARNINGS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. DEFERRED INCOME TAXES ARE PROVIDED ON TEMPORARY DIFFERENCES BETWEEN FINANCIAL STATEMENT AND INCOME TAX REPORTING RELATED TO UNREALIZED GAINS AND LOSSES ON CERTAIN PLAN INVESTMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PART VI, SECTION B, LINE 11B THE SECRETARY TO THE COMMITTEE COORDINATES WITH THE EXTERNAL AUDITOR TO PREPARE FORM 990. PRIOR TO FILING, THE 990S ARE REVIEWED BY BOTH PARTIES AND THEN SIGNED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PLAN IS COVERED UNDER THE CONFLICT OF INTEREST POLICY FOR S.C. JOHNSON & SON, INC. (THE "COMPANY"). AT LEAST ONCE ANNUALLY, THE COMPANY WILL DISTRIBUTE AN EMPLOYEE CONFLICTS QUESTIONNAIRE (ECQ) TO SELECTED EMPLOYEES. THE ECQ REQUESTS INFORMATION CONCERNING CONFLICTS OF INTEREST, INCLUDING INFORMATION REGARDING ANY RELATIONSHIPS WITH ANY CUSTOMER OR SUPPLIER OF THE COMPANY AND ANY OUTSIDE CONSULTING ACTIVITIES. IF AN EMPLOYEE BECOMES AWARE OF AN ACTUAL OR APPARENT CONFLICT OF INTEREST AT ANY TIME, THE EMPLOYEE SHOULD IMMEDIATELY BRING IT TO THE COMPANY'S ATTENTION. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE FOLLOWING ACTIONS MAY TAKE PLACE: THE EMPLOYEE MAY STOP CONFLICTING OUTSIDE ACTIVITY OR INVOLVEMENT; OR THE EMPLOYEE MAY BE EXCUSED FROM PERFORMING THE COMPANY DUTY WHICH CAUSES THE CONFLICT ON THOSE OCCASIONS WHERE THE CONFLICT EXISTS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, LINE 1: SHARED HOURS JAY GUELDNER, CHAIR, DEVOTES APPROXIMATELY 0.2 HOURS PER WEEK AS FOLLOWS: SC JOHNSON & SON, INC. RETIREE MEDICAL BENEFITS TRUST - 0.1 HOUR SC JOHNSON & SON, INC. RETIREE HEALTH CARE PLAN - 0.1 HOUR DAVID ISAACSON, SECRETARY, DEVOTES APPROXIMATELY 1.0 HOUR PER WEEK AS FOLLOWS: SC JOHNSON & SON, INC. RETIREE MEDICAL BENEFITS TRUST - 0.5 HOUR SC JOHNSON & SON, INC. RETIREE HEALTH CARE PLAN - 0.5 HOUR THOMAS HOWARD, TRUSTEE, DEVOTES APPROXIMATELY 0.2 HOURS PER WEEK AS FOLLOWS: SC JOHNSON & SON, INC. RETIREE MEDICAL BENEFITS TRUST - 0.1 HOUR SC JOHNSON & SON, INC. RETIREE HEALTH CARE PLAN - 0.1 HOUR BRIAN GLASER, TRUSTEE, DEVOTES APPROXIMATELY 0.2 HOURS PER WEEK AS FOLLOWS: SC JOHNSON & SON, INC. RETIREE MEDICAL BENEFITS TRUST - 0.1 HOUR SC JOHNSON & SON, INC. RETIREE HEALTH CARE PLAN - 0.1 HOUR SC JOHNSON & SON INC RETIREE HEALTH CARE PLAN 1525 HOWE STREET RACINE WI 53403 391869303 HOLD ASSETS OF THE S.C. JOHNSON & SON RETIREE MEDICAL SAVINGS PLAN WI 501(C)(9) N/A 0 SC JOHNSON & SON INC 1525 HOWE STREET RACINE WI 53403 390379990 MANUFACTURING WI N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SC JOHNSON & SON INC E 21145021 LOAN BORROWINGS SC JOHNSON & SON INC E 21499999 LOAN REPAYMENTS