2025-10-29T16:10:30-04:00 2024-12-31 990 2024-01-01 386705802 SEMCO ENERGY INC UNION VEBA TRUST SEMC 8109872200 1411 3RD ST STE A PORT HURON MI 48060 TRACY L VINCENT VP & CONTROLLER 8108874726 2025-10-30 2024 2025-03-06 01:10:19Z TRACY L VINCENT 1411 3RD ST STE A PORT HURON MI 48060 3040487 false X N A X 1997 MI PROVIDE FUTURE MEDICAL BENEFITS FOR SEMCO MICHIGAN UNION RETIREES 1 0 0 0 0 0 0 0 0 0 722993 802570 0 0 722993 802570 0 0 825000 1121000 0 0 0 0 0 14366 23398 839366 1144398 -116373 -341828 11603605 11720364 11937 20579 11591668 11699785 THIS IRREVOCABLE TRUST IS ESTABLISHED FOR THE PURPOSE OF HOLDING ASSETS IN TRUST IN ACCORDANCE WITH SECTION 403 OF ERISA PENDING THE PAYMENT OF SEMCO MICHIGAN UNION RETIREE MEDICAL BENEFITS. NO PORTION OF THE TRUST FUND MAY BE USED OTHER THAN IN THE SOLE AND EXCLUSIVE INTEREST OF PARTICIPANTS WHOSE ELIGIBILITY TO PARTICIPATE RESULTS FROM EMPLOYMENT AS A SEMCO MICHIGAN UNION EMPLOYEE. THE IMMEDIATELY PRECEDING SENTENCE SHALL NOT BE CONSTRUED TO LIMIT THE TRUSTEES ABILITY TO PAY TAXES AND ADMINISTRATIVE EXPENSES FROM THE TRUST FUND. false false 0 0 0 FUNDING OF TRUST TO PAY FUTURE MEDICAL BENEFITS FOR SEMCO MICHIGAN UNION RETIREES AND THEIR DEPENDENTS. 1121000 0 0 SEMCO MICHIGAN UNION RETIREE MEDICAL CLAIMS 0 0 0 0 0 0 1121000 false false false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false 0 false false false false false false false 0 0 false false false 1 0 false false false false false false false true true true false true false false false false false false SEMCO ENERGY INC 8109872200 1411 3rd Street Suite A Port Huron MI 48060 M COLLEEN STARRING PRESIDENT US UTILITIES DIRECTOR 0.00 40.00 X X X 0 1819603 13800 MARK A MOSES VP CFO TREASURER DIR 0.00 40.00 X X X 0 963835 13800 ANN L FORSTER VP ADMIN SERVICES UTILITIES 0.00 40.00 X X 0 855161 13800 DANIEL J FORSYTH VP BUSINESS SERVICES SEMCO 0.00 40.00 X X 0 446327 13800 MARC A SIMONE PRESIDENT US UTILITIES DIRECTOR 0.00 40.00 X X 0 678446 13800 TRACY L VINCENT VP CONTROLLER 0.00 40.00 X 0 388751 13800 COMERICA BANK INSTITUTIONAL TRUSTEE 0.00 0.00 X 3492 0 0 3492 5152123 82800 0 true true false 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 0 0 0 0 0 0 0 277856 0 0 277856 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2762631 0 2237917 0 524714 0 524714 0 0 524714 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 0 0 0 0 0 0 0 0 0 802570 0 0 802570 0 0 0 0 0 0 1121000 1121000 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 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 23398 0 23398 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1144398 1121000 23398 0 0 0 0 0 0 0 2063 8225 0 0 6930 7123 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11594612 11705016 0 0 0 0 0 0 0 0 11603605 11720364 11937 20579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11937 20579 X 0 0 0 0 11591668 11699785 11591668 11699785 11603605 11720364 -341828 449945 0 0 0 0 X false true X true false X 1252515 449945 449945 802570 0 802570 1144398 0 1144398 0 1144398 Part I to XII | PartandLinenumber:,Explanation:| Part X Line 2,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 THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR 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 CURRENTLY ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.| true false false M COLLEEN STARRING PRESIDENT US UTILITIES DIRECTOR 0 188569 0 1622607 0 8427 0 0 0 13800 0 1833403 0 0 MARK A MOSES VP CFO TREASURER DIR 0 240427 0 401731 0 321677 0 0 0 13800 0 977635 0 0 ANN L FORSTER VP ADMIN SERVICES UTILITIES 0 202641 0 369874 0 282646 0 0 0 13800 0 868961 0 0 DANIEL J FORSYTH VP BUSINESS SERVICES SEMCO 0 115904 0 323313 0 7110 0 0 0 13800 0 460127 0 0 MARC A SIMONE PRESIDENT US UTILITIES DIRECTOR 0 324827 0 341402 0 12217 0 0 0 13800 0 692246 0 0 TRACY L VINCENT VP CONTROLLER 0 225227 0 159701 0 3823 0 0 0 13800 0 402551 0 0 Part I Line 4a | Name :, Amount:| MARK A MOSES, 311000| Part I Line 4a | Name :, Amount:| ANN L FORSTER, 280000| Part I Line 4a | Name :, Amount:| , | Part VI, Line 11a COPY PROVIDED TO BENEFIT PLAN COMMITTEE MEMBERS FOR REVIEW Part VI, line 9 | Name of the person:, Address of the person:| COMERICA BANK INSTITUTIONAL TRUSTEE, ATTN: JENNIFER A. BORGESEN, VP, 411 WEST LAFAYETTE BLVD., MC 3462, DETROIT, MI, 48226| Part VI General | Explanation:| GOVERNING BODY & MANAGEMENT: THE SEMCO ENERGY INC. UNION VEBA TRUST WAS ESTABLISHED BY SEMCO ENERGY INC. SEMCO PLAN SPONSOR ON DECEMBER 3 1997 UNDER INTERNAL REVENUE CODE IRC SECTION 501C9 FOR THE PURPOSE OF HOLDING ASSETS TO PROVIDE FUTURE MEDICAL AND DENTAL BENEFITS FOR SEMCO MICHIGAN UNION RETIREES AND THEIR ELIGIBLE DEPENDENTS. ASSETS HELD IN THIS TRUST MAY NOT BE USED FOR OR DIVERTED TO ANY PURPOSE OTHER THAN PROVIDING HEALTH BENEFITS FOR ELIGIBLE SEMCO MICHIGAN UNION RETIREES AND THEIR DEPENDENTS OR BENEFICIARIES AS PROVIDED IN THE SEMCO ENERGY INC. UNION EMPLOYEES RETIREMENT MEDICAL PLAN. TRUSTEE FEES INVESTMENT RELATED EXPENSES PLAN AUDIT FEES AND PARTICIPANT CLAIMS ARE PAID BY THE TRUST. ALL OTHER COSTS OF THE TRUST ARE PAID BY SEMCO. THE TRUST DOES NOT HAVE EMPLOYEES AND DOES NOT PAY WAGES NOR PROVIDE EMPLOYEE BENEFITS. PLAN PARTICIPANTS DO NOT CONTRIBUTE TO THE VEBA TRUST. THE VEBA TRUST HAS OBTAINED FAVORABLE TAX DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE DATED APRIL 26 1999 AND THE PLAN SPONSOR IS NOT REQUIRED TO REQUEST NEW DETERMINATION LETTERS UNLESS THE PLAN IS TERMINATED IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE IRC. Part VI Line 1 | Explanation:| SEMCO AS PLAN SPONSOR ACTS AS THE PLANS ADMINISTRATOR. THE BOARD OF DIRECTORS OF SEMCO CONSISTS OF ONE MEMBER WHO ALSO SERVES AS AN OFFICER OF SEMCO ITS PARENT COMPANY AND HAS APPOINTED A BENEFIT PLAN COMMITTEE TO BE RESPONSIBLE FOR THE ADMINISTRATION OF THE PLAN. THE BENEFIT PLAN COMMITTEE CONSISTS OF FIVE MEMBERS APPOINTED BY THE BOARD OF DIRECTORS WHO ARE ALL EMPLOYEES OF SEMCO ITS PARENT COMPANY OR AFFILIATE WASHINGTON GAS LIGHT. ALL SALARIES WAGES AND BENEFITS FOR THE DIRECTORS OFFICERS AND MEMBERS OF THE BENEFIT PLAN COMMITTEE ARE PAID BY SEMCO ITS PARENT COMPANY OR AFFILIATE AND NOT BY THE TRUST. ALTHOUGH THE BENEFIT PLAN COMMITTEE IS AUTHORIZED TO MAKE CHANGES TO THE RETIREMENT MEDICAL PLAN THE BOARD OF DIRECTORS RETAINS THE RIGHT TO TERMINATE THE RETIREMENT MEDICAL PLAN. THE BOARD OF DIRECTORS ALSO RETAINS THE CONTROL OF DETERMINING AND SETTING THE INVESTMENT ALLOCATION FOR INVESTMENTS HELD BY THE TRUST. WRITTEN MINUTES OF ALL MEETINGS HELD BY THE BOARD OF DIRECTORS ARE MAINTAINED BY THE CORPORATE SECRETARY AND WRITTEN MINUTES FOR THE BENEFIT PLAN COMMITTEE ARE MAINTAINED BY THE BENEFIT PLAN COMMITTEE SECRETARY. Part VI General | Explanation:| EFFECTIVE DECEMBER 29 2008 COMERICA BANK WAS DESIGNATED AS TRUSTEE FOR ALL ASSETS HELD BY THE UNION VEBA TRUST. COMERICA BANK IS AN INSTITUTIONAL TRUSTEE ONLY AND HAS NO VOTING AUTHORITY ON THE BOARD OF DIRECTORS. Part VI Line 11 | Explanation:| QUESTION 11A POLICIES: THE ANNUAL PLAN AUDIT AND ANNUAL GOVERNMENT FILINGS ARE REVIEWED BY THE BENEFIT PLAN COMMITTEE. ONE MEMBER OF THE BENEFIT PLAN COMMITTEE ALSO SERVES ON THE SEMCO BOARD OF DIRECTORS. THE SEMCO ENERGY INC. UNION VEBA TRUST DOES NOT HAVE WRITTEN POLICIES FOR CONFLICT OF INTEREST CODE OF CONDUCT WHISTLE-BLOWER OR DOCUMENT RETENTION AND DESTRUCTION. SEMCO HOWEVER DOES HAVE ALL OF THESE WRITTEN POLICIES IN PLACE WHICH GOVERN ALL CORPORATE ACTIVITIES AS WELL AS THE ACTIVITIES FOR ASSOCIATED BENEFIT PLANS AND THEIR RELATED TRUSTS. WORKING WITH INDEPENDENT INVESTMENT ADVISORS THE BENEFIT PLAN COMMITTEE HAS DEVELOPED A WRITTEN INVESTMENT POLICY FOR ASSETS HELD IN THE TRUST WITHIN THE ALLOCATION GUIDELINES ESTABLISHED BY THE SEMCO BOARD OF DIRECTORS. SEMCO ALSO PERFORMS A PERIODIC CORPORATE WIDE RISK ASSESSMENT WHICH IS INTENDED TO IDENTIFY ANY SITUATIONS THAT COULD CAUSE POTENTIAL PROBLEMS UNDER THESE ESTABLISHED POLICIES. ALL INVESTMENT AND OTHER ACTIVITIES OF THE TRUSTEE ARE UNDER THE DIRECTION OF THE BENEFIT PLAN COMMITTEE WHOSE MEMBERS ARE SUBJECT TO THESE ESTABLISHED POLICIES. 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