2025-11-12T18:02:25-06:00 2024-12-31 990 2024-01-01 746446753 RETIREES GROUP WELFARE BENEFIT TRUST OF EL PASO ELECTRIC COMPANY % STATE STREET BANK AND TRUST RETI 9153514205 PO BOX 982 LOC 165 EL PASO TX 799600001 RYAN DILLON RELATIONSHIP MANAGER 6176640778 2025-11-12 true 2024 2025-03-06 01:10:19Z Cheryl Mele PO BOX 982 LOC 165 EL PASO TX 799600001 861629 false X N/A X 1996 TX SEE SCHEDULE O 9 0 0 118580 254962 0 0 630524 743049 36730 87 1493423 118493 2160677 861629 0 0 1627804 1259693 8741 585 0 0 0 478545 55288 2115090 1315566 45587 -453937 8117524 8392440 169355 291905 7948169 8100535 X SEE SCHEDULE O false false 1147853 THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF MEDICAL AND PRESCRIPTION BENEFITS FOR RETIRED EMPLOYEES, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS. 9844 THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF INSURANCE PREMIUMS. 101996 THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF THE SERVICES OF OUTSIDE ADMINISTRATORS TO PROCESS MEDICAL AND PRESCRIPTION BENEFIT CLAIMS PAID TO OR ON BEHALF OF THE PARTICIPANTS. 1259693 false false false false false false false false false false true false false true 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 false 0 0 0 true true false false false false false false false false false false X 9 0 false false false false false false false true true true false true false false false false false false X STATE STREET BANK AND TRUST 5516559396 ONE CONGREESS STREET BOSTON MA 02114 X STATE STREET BANK TRUST COMPANY n/a 0.0 0.0 X 585 0 585 585 0 585 0 false false false STATE STREET GLOBAL ADVISORS 1 Iron Street BOSTON MA 02210 INVESTMENT MGMT. 880 0 0 EMPLOYER CONTRIBUTION: BENEFITS 525100 319469 319469 RETIREE CONTRIBUTION: BENEFITS 525100 423580 423580 743049 0 0 0 0 0 0 87 87 87 87 0 0 0 0 0 0 0 0 0 K-1 CAPITAL GAIN 900001 -143151 -143151 K-1 GROSS INCOME EXCLUDING GAIN 900001 261644 261644 118493 861629 743049 118580 0 0 0 1259693 1259693 585 585 0 0 0 0 0 0 0 0 0 0 880 880 0 0 0 0 0 0 0 0 0 0 0 0 0 K-1 DEDUCTIONS 1217 1217 FEDERAL INCOME TAX 53191 53191 1315566 1259693 55873 0 0 99804 96468 0 0 0 0 0 0 0 0 0 0 0 0 32056 27905 0 0 0 0 7979217 8262085 0 0 0 0 6447 5982 8117524 8392440 11234 6084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 158121 285821 169355 291905 X 0 0 0 0 7948169 8100535 7948169 8100535 8117524 8392440 X -453937 482967 123336 X false true X true false SPDR MSCI GLOBAL STOCK MARKET 4777679 F PIMCO INT MUNICIPAL BOND ACT 2111205 F SPDR PORTF AGGREGATE BOND ETF 1373201 F RUSSELL CORE BOND FUND 0 F RUSSELL MULTI ASSET CORE PLUS 0 F RUSSELL GLOBAL REAL ESTATE SEC 0 F RUSSELL EMERGING MARKETS EQUIT 0 F 8262085 0 DEFERRED TAX LIABILITY 285821 285821 X 1540225 482967 223335 706302 833923 27706 27706 861629 1387858 1387858 -72292 -72292 1315566 PART X LINE 2 "GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN ("THE PLAN") AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION 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 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 2D & LINE 4B CASH/ACCRUAL RECONCILIATION DIFFERENCES BETWEEN BOOK AND TAX VALUE. PART XII LINE 2D & LINE 4B CASH/ACCRUAL RECONCILIATION DIFFERENCES BETWEEN BOOK AND TAX VALUE. PART I ITEM 1; PART III ITEM 1; PART VI SEC. A ITEM 8B & PART XII, ITEM 2C EL PASO ELECTRIC COMPANY ("EPE") HAS ADOPTED THE COMPREHENSIVE MEDICAL PLAN FOR THE RETIRED NON-UNION EMPLOYEES OF EPE (SAID PLANS AS THEY PRESENTLY EXIST TOGETHER WITH ANY AMENDMENTS THERETO HEREAFTER MADE, BEING HEREAFTER REFERRED TO AS THE "PLAN") FOR THE BENEFIT OF ITS FORMER NON UNION EMPLOYEES WHO HAVE RETIRED FROM EPE. IN ORDER TO COMPLY WITH THE PUBLIC UTILITY COMMISSION OF TEXAS ("PUCT" SUBSTANTIVE RULE 23.21 RELATING TO POST-RETIREMENT BENEFITS OTHER THAN PENSIONS, AND IN ACCORDANCE WITH THE PUCT FINAL ORDER EFFECTIVE FEBRUARY 12, 1996 WITH RESPECT TO EPE, EPE HAS ESTABLISHED THE RETIREES GROUP WELFARE BENEFIT TRUST (VEBA TRUST), A TAX-EXEMPT TRUST FUND UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(9), TO WHICH CONTRIBUTIONS MAY BE MADE BY EPE, AND FROM- WHICH PAYMENTS MAY BE MADE TO SATISFY ALL OR A PORTION OF THE BENEFITS PAYABLE UNDER THE PLAN TO NON UNION RETIREES FROM EPE, THEIR BENEFICIARIES OR ESTATES. THE VEBA TRUST IS ADMINISTERED BY THE BENEFITS OVERSIGHT COMMITTEE ("COMMITTEE"), WHICH HAS BEEN APPOINTED BY EPE.IN ADDITION, EFFECTIVE FEBRUARY 1, 2020, THE PLAN SPONSOR AND PLAN ADMINISTRATOR AMENDED THE PLAN AND RESTRUCTURED THE PLAN'S VEBA TRUST FUND INTO FOUR SEPARATE TRUST FUNDS (THREE VEBA ARRANGEMENTS, AND A 401(H) ACCOUNT). THE RESTRUCTURING DID NOT MODIFY PLAN BENEFITS OFFERED TO NON-UNION RETIREES. PART VI, SECTION B, ITEM 11B THE FORM 990 RETURN IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE FILING. ALL SOURCE DATA IS PROVIDED BY THE INSTITUTIONAL TRUSTEE AND REFLECTED IN THE APPROPRIATE FIELDS OF FORM 990. THE PREPARER FORWARDS TO THE INITAL REVIEWER, FORM 990, ALONG WITH ALL PERTINENT SCHEDULES, SOURCE DATA AND ANY OTHER RELEVANT INFORMATION. THE INITIAL REVIEWER PERFORMS A DETAILED REVIEW WHICH INCLUDES VERIFICATION OF ALL DATA SOURCES, REASONABLENESS TESTS AND MATH CHECKS. THE INITIAL REVIEWER THEN FORWARDS TO THE TAX DIRECTOR FOR FINAL APPROVAL. THE TAX DIRECTOR PERFORMS DUE DILIGENCE REVIEWS, REASONABLENESS TESTS AND ANY OTHER PROCESSES DEEMED NECESSARY. AFTER FINAL APPROVAL, FORM 990 IS THEN FORWARDED TO THE ORGANIZATION'S GOVERNING BODY ("COMMITTEE") FOR THEIR APPROVAL TO FILE THE RETURN. THE COMMITTEE ADDRESSES ANY QUESTIONS DIRECTLY TO THE TAX DIRECTOR BEFORE GRANTING APPROVAL FOR FILING OF THE FORM 990 RETURN AND ALL REQUIRED SCHEDULES. PART VI, SECTION B, ITEMS 12-15 THESE QUESTIONS HAVE BEEN ANSWERED ON BEHALF OF THE VEBA TRUST, THE 501(C)(9) ORGANIZATION WHICH IS FILING THE FORM 990 RETURN. THE VEBA TRUST HAS NO OFFICERS, DIRECTORS, KEY EMPLOYEES, EMPLOYEES, OR OTHER EMPLOYEES, AND THUS MAINTAINS NO POLICIES OR COMPENSATION REVIEW PROCESSES. THE SPONSOR COMPANY AND THE VEBA TRUST'S INSTITUTIONAL TRUSTEE, HOWEVER, DO MAINTAIN SUCH POLICIES AND PROCESSES AS WELL AS OTHER GOVERNANCE AND MANAGEMENT PROTOCOLS; IF THE THESE QUESTIONS SHOULD BE ANSWERED FROM THE COMPANY'S AND TRUSTEE'S STANDPOINT, THE RETURN CAN BE AMENDED ACCORDINGLY UPON REQUEST. PART VI, SECTION C, ITEM 19 THE FINANCIAL STATEMENTS OF THE VEBA TRUST, THE 501(C)(9) ORGANIZATION WHICH IS FILING THE FORM 990 RETURN, ARE INCLUDED IN THE FORM 5500 - EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN FILING WITH THE UNITED STATES DEPARTMENT OF LABOR AND ARE AVAILABLE TO THE GENERAL PUBLIC UNDER ERISA FILING DATA SEARCH WEBSITE. AS STATED ON PART VI, SECTION B, ITEMS 12-15, THE VEBA TRUST MAINTAINS NO POLICIES AND, THUS, NO GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC. PART XI, ITEM 9 CASH/ACCRUAL DIFFERENCES BETWEEN BOOK VALUE AND TAX VALUE. PART VI, SECTION A, LINE 9 EFFECTIVE SEPTEMBER 29, 2023 THE INVESTMENT TRUSTEE AND RECORD KEEPER CHANGED TO STATE STREET BANK AND TRUST COMPANY C.O RYAN DILLON, RELATIONSHIP MANAGER ONE CONGRESS STREET BOSTON, MA 02114. POST RETIREMENT LIFE INSURANCE PO BOX 982 LOC 165 EL PASO TX 79960 845110634 LIFE INSURANC TX 501(c)(9) false COLLECTIVELY BARGAINED POST RETIREMENT PO BOX 982 LOC 165 EL PASO TX 79960 845046092 HEALTH BENEFI TX 501(c)(9) false EL PASO ELECTRIC COMPANY 100 N STANTON EL PASO TX 79901 740607870 221000 TX NA C corp false false false false false false false false false false false false false false false false false true EL PASO ELECTRIC COMPANY S 319469 FMV