2025-11-12T10:43:00-06:00 2024-12-31 990 2024-01-01 251726609 Highmark Inc Voluntary Employees' Beneficiary Association % HIGHMARK INC HIGH 4125441995 120 Fifth Ave TAX Pittsburgh PA 15222 JOHN ORNER ASSISTANT TREASURER 4125444113 2025-11-12 true 2024 2025-03-06 01:10:19Z John Orner 120 Fifth Ave TAX Pittsburgh PA 15222 52368903 false X N/A X 1998 PA See Form 990, Page 2, Part III, Line 1 1 1 0 0 8456530 7321662 0 0 424628 397722 5340613 8456530 0 0 5765241 8854252 0 0 21993403 24376852 101195 103429 0 0 0 4054740 4392588 26149338 28872869 -20384097 -20018617 253197506 247101441 288821 265161 252908685 246836280 THE ESTABLISHMENT OF AN IRREVOCABLE 501(C)(9) TRUST TO PROVIDE FUNDING FOR MEDICAL AND LIFE BENEFITS FOR ELIGIBLE EMPLOYEES OF THE CORPORATION AND ITS SUBSIDIARIES. false false 28275643 397722 The Highmark Inc. Voluntary Employees' Beneficiary Association is an irrevocable 501(c)(9) trust providing funding for medical and life benefits for eligible employees of the corporation and its subsidiary. 28275643 false false false false false false false false false false true false false false true false true 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 0 0 true 0 true true false false false false false false false X 1 1 false false false false false true true true true false false false true true true true false false false false X HIGHMARK INC 4125441995 120 FIFTH AVENUE PITTSBURGH PA 15222 X The Bank of New York Mellon Trustee 3.0 0.0 X 103429 0 0 103429 0 0 1 false false false 0 0 VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION 900099 397722 397722 FUNDING 397722 7426091 7426091 0 0 0 0 0 44545090 154725 43514651 1030439 154725 1030439 1030439 0 0 0 0 0 0 0 0 0 0 8854252 397722 8456530 0 0 0 24376852 24376852 103429 0 103429 0 0 0 0 0 0 0 18897 11338 7559 0 0 0 486238 486238 0 0 0 0 0 0 0 0 0 0 0 0 0 TAXES 2007313 2007313 ADMINISTRATIVE FEES 1661440 1661440 ACTUARIAL FEES 218700 218700 28872869 28275643 597226 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 253197506 247101441 0 0 0 0 0 0 253197506 247101441 288821 265161 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 288821 265161 X 0 0 0 0 252908685 246836280 252908685 246836280 253197506 247101441 X -20018617 9057123 4889089 X X false true X true false EQUITY SECURITIES 57970648 F US GOVERNMENT SECURITIES 41858819 F INTERNATIONAL SECURITIES 1957829 F REGISTERED INVESTMENT FUNDS 97133155 F LAZARD EMERGING MARKETS FUND 8246619 F CORPORATE DEBT SECURITIES 39934371 F 247101441 0 0 X FORM 990, SCHEDULE D, SUPPLEMENTAL FINANCIAL STATEMENTS Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Plan and recognize a tax liability 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 positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. FROM 990, SCHEDULE D, SUPPLEMENTAL FINANCIAL STATEMENTS The following analysis represents the reconciliation between the financial statement net investment loss and the net investment loss as reported on Form 990: NET INVESTMENT INCOME (LOSS) PER FINANCIAL STATEMENT $10,298,343 PLUS: REALIZED INVESTMENT INCOME (LOSS) ADJUSTMENT (1,241,220) __________ NET INVESTMENT INCOME (LOSS) PER FORM 990 $9,057,123 FORM 990 PART VI SECTION A LINE 7A & 7B The Highmark Inc. Voluntary Employees' Beneficiary Association is an IRC section 501(C)(9)organization used to fund postretirement health benefits for participating retirees of Highmark Inc. The Highmark Inc. Board of Directors has the authority to appoint members and approve decisions of the organization's governing body. Form 990 Part VI Section B Line 11a & 11b The Highmark Inc. Voluntary Employees' Beneficiary Association form 990 filed with the IRS was discussed with a plan administrator (Highmark Inc. Assistant Treasurer). Form 990 Part VI Section B Line 12a, 12b & 12c The Highmark Inc. Voluntary Employees' Beneficiary Association HAS FOLLOWED AND ADHERED TO THE CONFLICT OF INTEREST POLICY AND ANNUAL COMPLIANCE DISCLOSURE FORMS AS REQUIRED BY THE HIGHMARK INC. PLAN ADMINISTRATORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND THE POLICY IS MONITORED AND ENFORCED. Form 990 Part VI Section B Line 13 The Highmark Inc. Voluntary Employees' Beneficiary Association HAS FOLLOWED AND ADHERED TO THE COMPLIANT REPORTING (WHISTLEBLOWER) POLICY OF HIGHMARK INC. POLICY IS MONITORED AND ENFORCED. FORM 990 PART VI SECTION C LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XI LINE 9 RECONCILIATION OF NET ASSETS PARTICIPANT CONTRIBUTIONS, TRANSFERS AND INVESTMENT INCOME $ 4,889,089 FORM 990 PART XII LINE 2B FINANCIAL STATEMENTS AND REPORTING The Highmark Inc. Voluntary Employees' Beneficiary Association ENGAGED AN INDEPENDENT ACCOUNTANT TO AUDIT THE FINANCIAL STATEMENTS. A DISCLAIMER OPINION WAS ISSUED DUE TO CERTAIN AUDIT PROCEDURES NOT PERFORMED. HIGHMARK HEALTH 120 Fifth Avenue TAX Pittsburgh PA 15222 453674900 HEATHCARE PA 501(C)(3) 12 TYPE III NA false Highmark Inc Fifth Avenue Tax Pittsburgh PA 15222 231294723 Health Insura PA NA C CORP 0 0 false false false false false false false false false false false false false false false false false false true