2025-10-30T10:53:10-05:00 2024-12-31 990 2024-01-01 416367653 ALLETE AND AFFILIATED COMPANIES RETIREE HEALTH PLAN B ALLE 2187233922 30 WEST SUPERIOR STREET DULUTH MN 55802 ANTHONY SAURO AVP, US BANK AS DIRECTED TRUSTEE 2187233922 2025-10-30 1 2024 2025-03-06 01:10:19Z ANTHONY SAURO 30 WEST SUPERIOR STREET DULUTH MN 55802 8873395 0 X N/A X 1994 MN PAYS MEDICAL AND DENTAL CLAIMS ON BEHALF OF APPROXIMATELY 110 RETIREES, THEIR DEPENDENTS, AND SURVIVING SPOUSES. 10 0 0 14 0 0 0 0 1134101 687890 4182255 5869514 0 0 5316356 6557404 0 0 3141559 2880346 0 0 0 0 0 173106 137894 3314665 3018240 2001691 3539164 59697626 58384049 0 0 59697626 58384049 SEE PART 1, LINE 1. 0 0 3018240 687890 PAYS MEDICAL AND DENTAL CLAIMS ON BEHALF OF APPROXIMATELY 110 RETIREES, THEIR DEPENDENTS, AND SURVIVING SPOUSES. 3018240 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 X 10 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MN X ANDY SOLIN 2187237559 30 WEST SUPERIOR STREET DULUTH MN 55802 DON KOZLOVSKI DIRECTOR 0.00 X 0 0 0 LAURA KROLLMAN DIRECTOR 0.00 X 0 0 0 JOSH SKELTON DIRECTOR 0.00 X 0 0 0 RANDY LILJEGREN DIRECTOR 0.00 X 0 0 0 KAREN BECICKA DIRECTOR 0.00 X 0 0 0 CHLOE STRAND DIRECTOR 0.00 X 0 0 0 WILL KEYES DIRECTOR 0.00 X 0 0 0 KEVIN FLAHERTY DIRECTOR 0.00 X 0 0 0 STANLEY GREER DIRECTOR 0.00 X 0 0 0 JEWELEON TUOMINEN DIRECTOR 0.00 X 0 0 0 TARA ANDERSON DIRECTOR 0.00 X 0 0 0 ANDY KIENITZ DIRECTOR 0.00 X 0 0 0 JASON MCDONALD DIRECTOR 0.00 X 0 0 0 MIKE CASHIN DIRECTOR 0.00 X 0 0 0 US BANK INSTITUTIONAL TRUSTEE INSTITUTIONAL TRUSTEE 0.01 X 0 0 0 0 0 0 0 0 1 0 0 EMPLOYEE CONTRIBUTION 525100 687890 687890 687890 2253410 2253410 5932095 2315991 3616104 3616104 3616104 6557404 687890 0 5869514 2880346 2880346 14773 14773 11675 11675 ADMIN EXPENSE 76077 76077 NETWORK FEES 35369 35369 3018240 3018240 0 0 82973 55717 59614653 58328332 59697626 58384049 0 0 X 59697626 58384049 0 0 0 0 59697626 58384049 59697626 58384049 X 3539164 -4852741 X 0 1 X 1 0 0 MP UNION MASTER TRUST UNITS 58328332 C 58328332 X 8607764 2023421 2023421 6584343 -26939 -26939 6557404 3018106 0 3018106 134 134 3018240 PART X, LINE 2: THE MODIFIED CASH BASIS OF ACCOUNTING 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 DEPARTMENT OF LABOR OR INTERNAL REVENUE SERVICE. PLAN MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: MODIFIED CASH BASIS TO ACCRUAL ADJUSTMENT -26,939. PART XII, LINE 4B - OTHER ADJUSTMENTS: MODIFIED CASH BASIS TO ACCRUAL ADJUSTMENT 134. 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE TRUST IS RUN BY A GROUP OF 10 BOARD OF GOVERNORS WHICH CONSISTS OF 3 SELECTED BY THE EXECUTIVE MANAGEMENT TEAM REPRESENTING NON-UNION EMPLOYEES OF THE COMPANY AT THE RANK OF SUPERVISOR OR ABOVE, 3 SELECTED BY THE UNION REPRESENTING UNION EMPLOYEES, 3 SELECTED BY AND REPRESENTING NON-UNION EMPLOYEES BELOW THE RANK OF SUPERVISOR AND 1 SELECTED BY AND REPRESENTING PARTICIPATING RETIREES. ALTERNATE MEMBERS OF THE BOARD SHALL BE DESIGNATED BY EACH PARTICIPANT GROUP SO THAT AN ALTERNATE REPRESENTATIVE SHALL ATTEND EACH MEETING IN THE ABSENCE OF A MEMBER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS NOT REVIEWED BY THE BOARD OF GOVERNORS, BUT THE FINANCIAL STATEMENT RESULTS ARE DISCUSSED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C ALL OF THE MEMBERS OF THE BOARD OF GOVERNORS ARE REQUIRED BY THE COMPANY TO ATTEND ETHICS TRAINING ON AN ANNUAL BASIS TO TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS OF THE TRUST AND ITS CONFLICT OF INTEREST POLICY ARE AVAILABLE TO ITS MEMBERS BY A WRITTEN REQUEST TO THE BOARD OF GOVERNORS. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO OTHER ALLETE PLANS -4,852,741. ALLETE INC 30 WEST SUPERIOR STREET DULUTH MN 55802 410418150 UTILITY MN N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 ALLETE INC N N/A ALLETE INC O N/A ALLETE INC R 4852741 N/A