2025-11-14T15:38:54-06:00 2024-12-31 990 2024-01-01 710648175 Arvest Bank Group Welfare Benefits Plan TRUST % MICHELLE VAN SCHENCK ARVEST ARVE 4797506080 PO BOX 2136 LOWELL AR 72745 MICHELLE VAN SCHENCK TRUSTEE 4797506080 2025-11-15 true 2024 2025-03-06 01:10:19Z X MICHELLE VAN SCHENCK PO BOX 2136 LOWELL AR 72745 64080706 false X N/A X 1986 AR THIS ORGANIZATION IS A VEBA FORMED FOR THE PURPOSE OF PROVIDING HEALTH CARE BENEFITS TO BENEFICIARIES OF THE ARVEST BANK GROUP EMPLOYEES HEALTH TRUST FOR EMPLOYEES AND DEPENDENTS. X 5 0 0 5 0 0 0 50876403 62601725 405876 235274 0 1243707 51282279 64080706 0 0 49576991 48859726 0 0 0 0 0 5508827 18186365 55085818 67046091 -3803539 -2965385 5705973 2740588 0 0 5705973 2740588 TO RECEIVE CONTRIBUTIONS FROM ITS EMPLOYEES AND TO PROVIDE HEALTH BENEFITS TO SUCH EMPLOYEES AND THEIR DEPENDENTS false false 67046091 HEALTH CARE BENEFITS WERE PROVIDED TO BENEFICIARIES OF THE ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST. A TOTAL OF 6,397 EMPLOYEES AND THEIR DEPENDENTS WERE COVERED UNDER THE TRUST AS OF 12/31/24. 67046091 false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true false false false true false true false false true 0 0 0 false false false false false false false false X 5 0 false false false false true true false true true false false true false false false false false false X MICHELLE VAN SCHENCK ARVEST 4797506080 PO BOX 2136 LOWELL AR 72745 MICHELLE VAN SCHENCK TRUSTEE 0.2 40.0 X X 0 0 0 TAMMY ENGLE TRUSTEE 0.2 40.0 X X 0 0 0 Kimberly Swieter TRUSTEE 0.2 40.0 X X 0 0 0 ANN FITE TRUSTEE 0.2 40.0 X X 0 0 0 Carolyn Kennedy TRUSTEE 0.2 40.0 X X 0 0 0 0 0 0 0 false false false 0 0 EMPLOYER PREMIUMS 525100 38808886 EMPLOYEE PREMIUMS 525100 23431839 STOP-LOSS INSURANCE 524114 361000 62601725 235274 235274 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 250 TRANSFERS TO THIS PLAN: 1243457 1243707 64080706 235274 0 0 0 48859726 48859726 0 0 0 0 0 0 4387482 4387482 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13798883 13798883 67046091 62658609 4387482 0 0 5705973 2740588 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 0 5705973 2740588 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5705973 2740588 0 0 0 0 5705973 2740588 5705973 2740588 -2965385 X false true X true false 0 0 X SCHEDULE D, PART X, 2 ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE THE TRUSTEES 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 TRUSTEES HAVE ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAVE CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY THE IRS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROCESS FOR ANY OPEN TAX PERIODS. THE TRUSTEES BELIEVE THE PLAN'S ANNUAL RETURN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR PLAN YEARS PRIOR TO 2021. WAL-MART STORES INC PHARMACIES OWNED MORE THAN 35% BY 2546530 MEMBER PURCHASES OF false A PUBLICLY TRADED CORPORATION JIM WALTON AND FAMILY PRESCRIPTIONS (AGGREGATE) PART IV JIM WALTON,IN COMBINATION WITH HIS FAMILY MEMBERS, IS MORE THAN 35% OWNER OF WAL-MART STORES, INC. MEMBERS OF THE VEBA HAVE COMPLETE FREEDOM OF CHOICE IN SELECTING OTHER PHARMACIES FOR THEIR PRESCRIPTION NEEDS. SOME MEMBERS MAY INDIVIDUALLY CHOOSE TO PURCHASE PRESCRIPTIONS AT WAL-MART OWNED PHARMACIES. THE VEBA TRUST MAKES PAYMENTS TO SUCH PHARMACIES ON BEHALF OF THOSE MEMBERS IN THE NORMAL COURSE OF ITS PROGRAM SERVICE ACTIVITIES. THE AMOUNT REPORTED REPRESENTS THESE PAYMENTS. CASH PMT-AGGREGATE HEALTH BENEFIT CLAIMS 2024-12-31 48859726 CASH ALL VEBA MEMBER WHEALTH CLAIMS IN INDIVIDUALS false false false false SCHEDULE N, PART II ADDITIONAL INFORMATION REGARDING BENEFIT CLAIM PAYMENTS. BENEFIT CLAIM PAYMENTS ARE MADE THROUGHOUT THE YEAR AND ARE THE PRIMARY PURPOSE OF THIS EXEMPT ORGANIZATION. THE DATE OF DECEMBER 31, 2024 IS INTENDED TO MEAN THE DATE RANGE WAS JANUARY 2, 2024 THROUGH DECEMBER 31, 2024. PART IV LINE 12A AND 12B: THE AUDITED FINANCIAL STATEMENT FOR THE YEAR WAS PREPARED IN ACCORDANCE WITH AN OTHER COMPREHENSIVE BASIS OF ACCOUNTING (OCBOA) WHICH INCLUDES THE CASH BASIS AND MODIFICATIONS THEREOF HAVING SUBSTANTIAL SUPPORT. PRESENT DOL REGULATIONS PERMIT, BUT DO NOT REQUIRE, FINANCIAL STATEMENTS INCLUDED IN THE ANNUAL REPORT (FORM 5500) TO BE PREPARED ON A BASIS OF ACCOUNTING OTHER THAN GAAP. THE FINANCIAL STATEMENTS OF THE ARVEST BANK GROUP WELFARE BENEFITS PLAN ARE PREPARED FOR THE PURPOSE OF FILING WITH THE ANNUAL REPORT. PART VI LINE 6: THIS ORGANIZATION IS A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA). THE MEMBERS ARE THE EMPLOYEES OF ARVEST BANK AND RELATED COMPANIES WHO ELECT HEALTH COVERAGE UNDER THE ARVEST BANK GROUP WELFARE BENEFITS PLAN. THE GOVERNING MEMBERS ARE APPOINTED BY THE DIRECTORS OF ARVEST BANK. ALL MEMBERS HAVE THE RIGHT TO RECEIVE PAYMENT OF HEALTH BENEFIT CLAIMS UNDER THE TERMS OF THE HEALTH PLAN. PART VI LINE 7 (a): THIS ORGANIZATION IS A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA). THE MEMBERS ARE THE EMPLOYEES OF ARVEST BANK AND RELATED COMPANIES WHO ELECT HEALTH COVERAGE UNDER THE ARVEST BANK GROUP WELFARE BENEFITS PLAN. THE GOVERNING MEMBERS ARE APPOINTED BY THE DIRECTORS OF ARVEST BANK. ALL MEMBERS HAVE THE RIGHT TO RECEIVE PAYMENT OF HEALTH BENEFIT CLAIMS UNDER THE TERMS OF THE HEALTH PLAN. PART VI LINE 11B: THE PURPOSE OF THIS VEBA IS TO PAY BENEFITS UNDER THE TERMS OF THE ARVEST BANK GROUP WELFARE BENEFITS PLAN, WHICH HAS AN ANNUAL INDEPENDENT AUDIT AND FORM 5500 REQUIREMENT. INFORMATION FROM THE AUDITED FINANCIAL REPORT OF THE PLAN IS USED TO PREPARE THE FORM 990 FOR THE TRUST. THE FORM 990 FILING IS EXTENDED EACH YEAR UNTIL AFTER THE ANNUAL AUDIT AND 5500 FILING FOR THE PLAN ARE COMPLETED. FORM 990 IS SENT TO THE MEMBERS OF THE GOVERNING BODY FOR FINAL REVIEW AFTER ONE OF THE TRUSTEES HAS CAREFULLY REVIEWED AND PREPARED THE FORM AND REQUIRED SCHEDULES WITH THE VEBA'S TAX FORM PREPARERS AND ADVISORS. THE AUDIT AND FORM 5500 FILING IS COMPLETED BY OCTOBER 15TH AND THE FORM 990 IS COMPLETED, REVIEWED, AND FILED BY NOVEMBER 15TH OF EACH YEAR (FOR THE PRECEDING CALENDAR YEAR). PART VI LINE 19 FORM 1024 AND THE THREE MOST RECENT FORM 990 FILINGS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE MAIN OFFICE OF THE VEBA AND IN CARE OF MICHELLE VAN SCHENCK, TRUSTEE, AT ARVEST BANK, 921 W. MONROE, LOWELL, AR 72745, WHO MAINTAINS THE BOOKS OF THE ORGANIZATION. COPIES WILL BE PROVIDED UPON IN-PERSON OR WRITTEN REQUEST. COPIES OF THE MOST RECENT FORM 990 FILINGS ARE ALSO AVAILABLE ON THE INTERNET AT WWW2.GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS INCLUDING THE LATEST THREE FORM 990 FILINGS, FORM 5500 FILINGS, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN CARE OF MICHELLE VAN SCHENCK, ARVEST BANK, PO BOX 2136, LOWELL, AR 72745. ARVEST BANK PO BOX 2136 LOWELL AR 72745 710118700 BANKING AR C false false false false false false false false false false false false false true false false false false false