2025-11-14T05:41:10-05:00 2024-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2024-01-01 742624710 BAE SYSTEMS WELFARE BENEFIT TRUST % DOHI SHIN BAE SYSTEMS INC BAES 5714616000 2941 FAIRVIEW PARK DRIVE FLOOR 13 FALLS CHURCH VA 22042 JODI COULTER BAE SYS INC VP/CONTR 7033126100 2025-11-13 true true SAPNA P VASU P00545692 2673303000 2025-11-10 2024 2025-03-06 01:10:19Z JODI COULTER 2941 FAIRVIEW PARK DR FL 13 FALLS CHURCH VA 22042 534243661 false X N/A X 1992 NY THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION THAT PROVIDES FOR MEDICAL, DISABILITY & OTHER BENEFITS. APPROXIMATELY 40,000 PARTICIPANTS WERE SUBJECT TO BENEFITS. 1 1 0 0 0 0 0 0 407281467 479906609 1241470 1503891 43300883 52833161 451823820 534243661 0 0 464616818 532676447 5700 5700 0 0 0 4895088 5292360 469517606 537974507 -17693786 -3730846 36887339 33156493 0 0 36887339 33156493 X TO FUND WELFARE BENEFITS PURSUANT TO IRC SECTION 501(C)(9). false false 532676447 0 532739770 THE EXEMPT PURPOSE OF THE TRUST IS TO FUND THE PAYMENT OF HEALTH AND WELFARE BENEFITS. THE AGGREGATE EXPENSE AMOUNT WAS PRIMARILY FOR THE PAYMENT OF HEALTH AND WELFARE BENEFITS, WITH THE REMAINDER BEING PAYMENT OF ADMINISTRATIVE EXPENSES RELATED TO THE TRUST'S EXEMPT PURPOSE. THE REVENUE RECEIVED BY THE TRUST WAS PRIMARILY EMPLOYER AND PARTICIPANT CONTRIBUTIONS, WITH THE REMAINDER BEING INVESTMENT INCOME, REBATES, AND REFUNDS FROM INSURANCE CARRIERS, AND TRANSFERS FROM OTHER TRUSTS TO FUND PLAN LIABILITIES TRANSFERRED TO THIS TRUST. 532676447 false 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 0 0 0 false false false false false false false false X 1 1 false false false false false false false false true false false false false false false false false false X DOHI SHIN BAE SYSTEMS INC 5714616000 2941 FAIRVIEW PARK DR FALLS CHURCH VA 22042 JP MORGAN CHASE BANK NA TRUSTEE 3.0 0.0 X 5700 0 0 5700 0 0 0 false false false ALIGHT SOLUTIONS LLC PO BOX 95135 CHICAGO IL 606944135 ADMINISTRATIVE SVCS 3769156 MARATHON HEALTH 20 WINOOSKI FALLS WAY STE 400 WINOOSKI VT 054042239 WELLNESS PROGRAM 446696 GROOM LAW GROUP CHARTERED 1701 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20006 LEGAL SERVICES 288397 SEGAL BENZ 180 HOWARD STREET STE 1100 SAN FRANCISCO CA 94105 COMMUNICATION SVCS 180949 ARTEMIS HEALTH 15 N RIO GRANDE ST SALT LAKE CITY UT 84101 WELLNESS PROGRAM 171676 6 0 EMPLOYER CONTRIBUTIONS 525100 401894418 401894418 PARTICIPANT CONTRIBUTIONS 525100 78012191 78012191 479906609 1503891 1503891 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CARRIER REFUNDS AND REBATES 900099 52833161 52833161 52833161 534243661 532739770 0 1503891 0 0 0 532676447 532676447 5700 0 5700 0 0 0 0 0 0 0 281397 281397 117490 117490 0 0 0 2852789 2852789 0 28542 28542 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSE 2012142 0 2012142 0 537974507 532676447 5298060 0 0 0 36887339 33156493 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 36887339 33156493 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 36887339 33156493 36887339 33156493 36887339 33156493 -3730846 X X false true X true false 0 0 X 481410500 481410500 52833161 52833161 534243661 485141346 -52833161 -52833161 537974507 537974507 FORM 990, SCHEDULE D, PART I, LINE 2 THE VEBA I RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED AUGUST 30, 2004. THE LETTER STATES THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE SERVICE CODE ("CODE") AS A VEBA. ALTHOUGH THE PLAN WAS AMENDED AFTER THE RECEIPT OF THE DETERMINATION LETTER, THE AMENDMENTS DID NOT RELATE TO THE TAX QUALIFICATION REQUIREMENTS OF THE CODE. THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE AND, THEREFORE, BELIEVES THE RELATED TRUST IS TAX-EXEMPT. FORM 990, SCHEDULE D, PART XI, LINE 4B CARRIER REFUNDS AND REBATES OF $52,833,161 FORM 990, SCHEDULE D, PART XII, LINE 2D CARRIER REFUNDS AND REBATES OF ($52,833,161) PART VI, LINE 8A & 8B BECAUSE BAE SYSTEMS WELFARE BENEFIT TRUST IS A VEBA, IT DOES NOT HAVE A GOVERNING BODY OF ITS OWN. THE GOVERNING BODY OF BAE SYSTEMS, INC. HAS A COMMITTEE WHICH RELATES TO ITS VEBAS. THIS COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BAE SYSTEMS, INC. GOVERNING BODY. PART VI, LINE 11 FORM 990 WAS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE PLAN SPONSOR, BAE SYSTEMS' MANAGEMENT TEAM WITH OVERSIGHT RESPONSIBILITY OVER THE VEBA, PERFORMED A REVIEW OF FORM 990 BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. PART VI, LINE 19 THE VEBA DOES NOT MAKE ITS GOVERNING DOCUMENTS OR INTERNAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. COLLECTIVELY BARGAINED AGREEMENT THIS VEBA IS ESTABLISHED UNDER A COLLECTIVELY BARGAINED PLAN. PURSUANT TO THE TAX REFORM ACT OF 1986, THIS FUND IS RELEASED FROM THE LIMITATIONS OF IRC SECTION 419A AND SECTION 512(A)(3)(E). DUE TO THIS ACT, THE FILING VEBA DOES NOT HAVE CONTRIBUTIONS TO THE FUND THAT EXCEED THE ACCOUNT LIMIT AND IS THEREFORE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX ON EARNINGS. THEREFORE, THIS VEBA HAS NOT FILED FORM 990-T, UNLESS REQUIRED DUE TO OUTSIDE INVESTMENTS. BAE SYSTEMS INC 2941 FAIRVIEW PARK DRIVE FLOOR 13 FALLS CHURCH VA 22042 046957993 DEFENSE CONTR VA NA C CORP false false false false false false false false false false false false false false false false false false false true BAE SYSTEMS INC S 401894418 BOOK