2025-11-11T16:11:57-06:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2024-01-01 202034596 KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST KENT 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 402203793 JENA STONE TREASURER, KYFB MUTUAL INS CO. 5024955000 2025-11-03 1 1 MELANIE MCPEAK P01346034 8885871719 2024 2025-03-06 01:10:19Z JENA STONE 9201 BUNSEN PARKWAY LOUISVILLE KY 402203793 74297877 0 X N/A X 2004 KY FUND RETIREE MEDICAL BENEFITS. 6 5 0 5 -2009936 144274 0 0 796021 771895 -317304 1252720 0 0 478717 2024615 0 0 3949426 3755199 31498 31937 0 0 0 683635 647068 4664559 4434204 -4185842 -2409589 119057666 118345204 198065 488689 118859601 117856515 FUND RETIREE MEDICAL BENEFITS. 0 0 HEALTH CLAIMS PAID FOR RETIREE MEDICAL BENEFITS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X MARCUS BICKWERMERT 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 402203793 JOHN SPARROW EXECUTIVE VICE PRESIDENT 0.10 0.50 X X 0 0 0 JENA STONE VP, ACCOUNTING/TREASURER 0.10 0.50 X X 0 0 0 ANGIE PHELPS-SELLS DIRECTOR, HUMAN RESOURCES 0.10 0.00 X 0 0 0 NICKI WHITMIRE VP, HR & SUPPORT SERVICES 0.10 0.50 X 0 0 0 AMANDA ZORIO COMPENSATION & BENEFITS 0.10 0.00 X 0 0 0 BANK OF NEW YORK MELLON TRUSTEE 5.00 0.00 X 31937 0 0 31937 0 0 0 0 0 0 MACKAY SHIELDS 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 INVESTMENT MANAGEMENT 185920 AON HEWITT INVESTMENTS 200 E RANDOLPH ST CHICAGO IL 60601 INVESTMENT CONSULTING 119357 2 PARTICIPANT CONTRIBUTIONS 525100 737439 737439 EMPLOYER CONTRIBUTIONS 525100 34456 34456 771895 3418110 155454 3262656 70107872 72273262 -2165390 -2165390 -2165390 2024615 771895 -2009936 3262656 3755199 31937 24288 5160 355277 130065 CONTRACT ADMIN FEES 81012 TAXES (UBIT) 51100 166 4434204 0 975726 118143820 116496350 913846 873128 119057666 118345204 198065 488689 198065 488689 X 118859601 117856515 0 0 0 0 118859601 117856515 119057666 118345204 -2409589 1406503 0 X X 0 1 X 1 0 0 X 3431118 1406503 1406503 2024615 0 2024615 4434204 0 4434204 0 4434204 PART X, LINE 2: THE TRUST RECEIVED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") DATED FEBRUARY 2, 2007, THAT IT IS EXEMPT FROM TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) BASED UPON ITS STATUS AS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION UNDER IRC SECTION 501(C)(9). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, CERTAIN INVESTMENT INCOME FROM THE TRUST IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES. FOR THE YEAR ENDED DECEMBER 31, 2024, THESE TAXES APPROXIMATED $51,000. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR AND THE PLAN'S LEGAL COUNSEL BELIEVE THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVE THAT THE TRUST IS TAX-EXEMPT. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) 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. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF ACCOUNTING AT KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY REVIEWS THE 990. A COPY OF THE 990 IS THEN REVIEWED AND APPROVED BY THE BOARD OF THE VEBA TRUST. THE 990 IS THEN SIGNED BY THE VICE PRESIDENT OF ACCOUNTING/TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THE TRUST REQUIRES THE BOARD OF DIRECTORS TO ANNUALLY DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST AND ANY CONFLICTS NOTED WILL BE DISCUSSED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 990, PAGE 12, QUESTION 2C. THE BOARD IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT AS WELL AS THE OVERSIGHT OF THE AUDIT. KENTUCKY FARM BUREAU INSURANCE FOUNDATION 9201 BUNSEN PKWY LOUISVILLE KY 402203792 843660741 CHARITABLE GIVING KY 501(C)(3) LINE 7 KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY 0 KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY 9200 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 610392792 PROPERTY & CASUALTY INSURANCE COMPANY KY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 SCHEDULE R, PART IV: KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY DOES NOT SHARE BOARD MEMBERS WITH THE KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST. HOWEVER, IT SERVES AS THE PLAN SPONSOR OF THE TRUST, WHICH OPERATES AS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA). THE TWO ENTITIES MAINTAIN SEPARATE GOVERNANCE AND OPERATE INDEPENDENTLY.