2025-08-25T11:05:02-05:00 2024-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2024-01-01 141961215 UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST % LORETTA LOGRIPPO UNIS 4122362741 BNY MELLON CTR 500 GRANT ST PITTSBURGH PA 152580001 JEFFREY REYNOLDS JR TRUSTEE 2673303000 2025-08-20 true true ANTONIO C RUSSO DIRECTOR P00858539 2673303000 2025-08-12 2024 2025-03-06 01:10:19Z THE BANK OF NEW YORK MELLON 500 GRANT ST RM 151-4040 PITTSBURGH PA 152580001 664349 false X N/A X 2006 PA PROVISION OF SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PLAN PARTICIPANTS. 0 0 68 0 542 0 0 0 648463 663807 602 542 0 0 649065 664349 0 0 639366 669949 0 0 0 0 0 13978 14230 653344 684179 -4279 -19830 25971 6141 0 0 25971 6141 X THE UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST (THE "TRUST") FORMS A PART OF THE UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN (THE "PLAN") IN ACCORDANCE WITH SECTION 501(C)(17) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ACTIVITY OF THE TRUST INCLUDES RECEIVING CONTRIBUTIONS FROM UNISYS CORPORATION (AS PLAN SPONSOR) AND PAYING SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE PLAN. AS REQUIRED UNDER CODE SECTION 501(C)(17), THE EXCLUSIVE PURPOSE OF THE PLAN AND TRUST IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE EMPLOYEES, AS A RESULT OF THEIR INVOLUNTARY SEPARATION FROM THE EMPLOYMENT OF UNISYS CORPORATION OR CERTAIN OF ITS SUBSIDIARIES AS PART OF A WORKFORCE REDUCTION OR LAYOFF. false false 684179 0 663807 EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE 684179 false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true X 0 0 68 true false false false false false false false false X 0 0 false false false false false false false false false false false true false false false false false false X LORETTA LOGRIPPO 2152741370 801 LAKEVIEW DR STE 100 2NE BLUE BELL PA 19422 X THE BANK OF NEW YORK MELLON TRUSTEE (SEE SCHEDULE O) 0.0 0.0 X 0 780 0 0 780 0 0 false false false 0 0 CONTRIBUTIONS FROM UNISYS CORPORATION 900099 663807 663807 663807 542 542 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 664349 663807 542 0 0 0 669949 669949 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 BANK SERVICE CHARGES 14230 14230 0 0 684179 684179 0 0 X 16455 4284 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9516 1857 0 0 0 0 0 0 0 0 25971 6141 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 25971 6141 25971 6141 25971 6141 -19830 X X false true X true false 0 0 X 660120 660120 660120 679950 679950 679950 TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FORM 990, SCEDULE D, PART X, LNE 2 THE TRUST FUNDING THE PLAN HAS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED AUGUST 4, 2006, STATING THAT THE TRUST IS TAX EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(17) OF THE INTERNAL REVENUE CODE, AS A SUPPLEMENTAL UNEMPLOYMENT BENEFITS TRUST. THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE EXEMPTION LETTER. THE PLAN ADMINISTRATOR BELIEVES THE PLAN AND TRUST ARE CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE AND, THEREFORE, BELIEVES THE RELATED TRUST IS TAX EXEMPT. THE PLAN ADMINISTRATOR HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE PLAN'S FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 AND 2023. THE IRS HAS THE ABILITY TO EXAMINE THE PLAN'S TAX RETURN FILINGS FOR ALL OPEN TAX YEARS, WHICH IS GENERALLY THE THREE PRIOR YEARS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY OPEN TAX PERIODS IN PROGRESS. ----------------------------------- FORM 990, PART IV, LINE 12 & PART XII, LINE 1 AUDITED FINANCIAL STATEMENTS THE AUDITED FINANCIAL STATEMENTS OF UNISYS SUPPLEMENTAL UNEMPLOYMENT BENEFITS PLAN TRUST (THE "TRUST") ARE PREPARED ON A MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GAAP. ----------------------------------- FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W-3 THE TRUST DOES NOT HAVE EMPLOYEES. THE FORMS W-2 FILED FOR THE YEAR WERE TO REPORT BENEFITS PAID TO ELIGIBLE PLAN PARTICIPANTS. SUCH PARTICIPANTS ARE NOT EMPLOYEES OF THE TRUST. ----------------------------------- FORM 990, PART VI, SECTION A, LINE 1A TOTAL NUMBER OF OFFICERS, DIRECTORS, AND TRUSTEES PERMITTED TO VOTE THE TRUST OPERATES FOR THE EXCLUSIVE PURPOSE OF FUNDING SUPPLEMENTAL UNEMPLOYMENT BENEFIT PAYMENTS SPONSORED BY UNISYS CORPORATION. THE TRUST DOES NOT OPERATE INDEPENDENTLY WITH RESPECT TO CONDUCTING BUSINESS AND, AS SUCH, DOES NOT HOLD BOARD MEETINGS. ALL ADMINISTRATIVE ACTIVITIES INVOLVED WITH RESPECT TO THE TRUST ARE HANDLED BY THE TRUSTEE, THE PLAN MANAGER AND THE UNISYS CORPORATION PENSION INVESTMENT REVIEW COMMITTEE. ----------------------------------- FORM 990, PART VI, SECTION A, LINE 8 & SECTION B, LINES 12-15 GOVERNANCE AND POLICIES THE TRUST IS A SUPPLEMENTAL UNEMPLOYMENT BENEFITS TRUST PURSUANT TO IRC SECTION 501(C)(17). ITS TRUSTEE, THE BANK OF NEW YORK MELLON, HAS A FIDUCIARY DUTY TO ADMINISTER THE TRUST IN THE BEST INTEREST OF THE BENEFICIARIES AND OPERATE PURSUANT TO A STRINGENT CODE OF CONDUCT. SINCE THE TRUST DOES NOT HAVE EMPLOYEES, THERE ARE NO PROCESSES IN PLACE RELATED TO EMPLOYEE COMPENSATION. ----------------------------------- FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 DATA FOR THE FORM 990 IS PROVIDED TO PWC US TAX LLP FOR USE IN PREPARATION OF THE FORM 990. THE FORM 990, AS PREPARED BY PWC US TAX LLP, IS REVIEWED FOR ACCURACY BY THE PLAN MANAGER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. ----------------------------------- FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, ETC. UPON REQUEST, THE TRUST AGREEMENT IS MADE AVAILABLE TO PLAN BENEFICIARIES. THE TRUST AGREEMENT IS GENERALLY NOT MADE AVAILABLE TO THE PUBLIC. ----------------------------------- FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST, SUCH AS ACTING AS ITS INVESTMENT MANAGER. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL BANK EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS, BUT INSTEAD ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH UNISYS CORPORATION. ----------------------------------- UNISYS CORPORATION- PLAN SPONSOR 801 LAKEVIEW DR STE 100 2NE BLUE BELL PA 19422 380387840 COMPUTER SRVC DE NA C CORP false false false false false false false false false false false false false false false false false false false true