2026-07-07T07:34:47-05:00 2025-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2025-01-01 042628271 MASSACHUSETTS BANKER ASSOCIATION GROUP INSURANCE TRUST MASS 6175237595 200 STATE STREET 701 BOSTON MA 02109 JOSEPH T COLAGIOVANNI SVP/CFO 6175237595 2026-06-25 1 KAREN S NG P01067482 6174399700 2026-06-25 2025 2025-03-06 01:10:19Z JOSEPH T COLAGIOVANNI 200 STATE STREET SUITE 701 BOSTON MA 02109 3007988 0 X N/A X 1953 MA THE TRUST IS OPERATED FOR THE PURPOSE OF PROVIDING VARIOUS TYPES OF INSURANCE TO MEMBER BANKS' EMPLOYEES AT COSTS WHICH ARE LESS THAN THOSE OBTAINABLE ON AN INDIVIDUAL BANK BASIS 10 10 0 14 173732 141780 0 0 52962 33855 119168 176863 0 0 172130 210718 0 0 0 0 0 0 0 0 0 120278 129856 120278 129856 51852 80862 4987714 5524647 81210 92375 4906504 5432272 THE TRUST IS OPERATED FOR THE PURPOSE OF PROVIDING VARIOUS TYPES OF INSURANCE TO MEMBER BANKS' EMPLOYEES AT COSTS WHICH ARE LESS THAN THOSE OBTAINABLE ON AN INDIVIDUAL BANK BASIS. 0 0 PROVIDE INSURANCE COVERAGE TO MEMBER BANKS' EMPLOYEES 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 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 1 2 0 1 0 1 1 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JOSEPH T COLAGIOVANNI 6175023808 200 STATE STREET SUITE 701 BOSTON MA 02109 X CHERYL CORMAN CO-CHAIR/TRUSTEE 1.00 X X 0 0 0 BRETT DEAN CHAIRMAN/TRUSTEE 1.00 X X 0 0 0 CHUCK LEACH TRUSTEE 1.00 X 0 0 0 KARA CLARK TRUSTEE 1.00 X 0 0 0 MICHAEL R WHEELER TRUSTEE 1.00 X 0 0 0 MARIA VAFIADES TRUSTEE 1.00 X 0 0 0 MATTHEW BURKE TRUSTEE 1.00 X 0 0 0 JAMES FERRARA TRUSTEE 1.00 X 0 0 0 KATHLEEN MURPHY TREASURER/TRUSTEE 1.00 X X 0 0 0 MARGARET SULLIVAN TRUSTEE 1.00 X 0 0 0 WILLIAM TSOULES SVP/CFO (ENDED 03/2025) 1.00 X 0 0 0 CHAD POOK VP OF ADMINISTRATION 1.00 X 0 0 0 TANYA DUNCAN EVP, REVENUE & STRATEGY 1.00 X 0 0 0 JOESEPH T COLAGIOVANNI SVP/CFO (AS OF 06/2025) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 PREMIUM INCOME 524298 22105 22105 RISK SHARING ARRANGEMENT 524298 11750 11750 33855 130964 127833 3131 2843169 2797270 45899 45899 45899 210718 33855 173732 3131 7824 22395 22106 30 UBIT TAXES 32277 PREMIUM EXPENSES 22532 MISCELLANEOUS EXPENSES 21254 FOREIGN TAXES 1438 129856 390994 321965 4563765 5173429 32955 29253 4987714 5524647 17247 17273 63963 75102 81210 92375 X 4906504 5432272 0 0 0 0 4906504 5432272 4987714 5524647 80862 444906 0 X X 0 1 X 1 0 0 DUE TO AFFILIATES 75102 75102 X 657062 444906 1438 446344 210718 0 210718 128418 0 128418 1438 1438 129856 PART X, LINE 2: THE TRUST OBTAINED ITS LATEST DETERMINATION LETTER ON FEBRUARY 16, 1977, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE TRUST WAS MOST RECENTLY AMENDED EFFECTIVE JANUARY 1, 2014 AS INDICATED IN NOTE 1 TO THE FINANCIAL STATEMENTS. ALTHOUGH THE TRUST HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER, THE PLAN ADMINISTRATOR AND THE TRUST'S TAX COUNSEL BELIEVE THAT THE TRUST IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE AND THEREFORE BELIEVE THAT THE TRUST IS TAX-EXEMPT. THE TRUST IS A TAX EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE, AND IS GENERALLY EXEMPT FROM FEDERAL TAXES PURSUANT TO SECTION 501(A) OF THE CODE. HOWEVER, THE TRUST IS SUBJECT TO FEDERAL AND MASSACHUSETTS INCOME TAX ON UNRELATED TAXABLE INCOME GENERATED FROM INVESTMENTS AND REALIZED CAPITAL GAINS. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE TRUST'S TAX RETURNS, INCLUDING THE POSITION THAT THE TRUST QUALIFIES AS A TAX EXEMPT ORGANIZATION, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE UPHELD UNDER REGULATORY REVIEW. THE TRUST DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2025 AND 2024 WHICH REQUIRE DISCLOSURE OR ACCRUAL. THE TRUST IS CURRENTLY OPEN TO AUDIT UNDER APPLICABLE STATUTES OF LIMITATION BY FEDERAL AND STATE TAX AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2022 THROUGH 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS FOREIGN TAXES FROM REVENUE TO EXPENSES 1,438. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FOREIGN TAXES FROM REVENUE TO EXPENSES 1,438. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND AUDITED FINANCIAL STATEMENTS WILL BE DISTRIBUTED TO THE GROUP INSURANCE TRUST COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE AUDIT COMMITTEE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED BY THE BOARD/TRUSTEES AND MONITORED/ENFORCED AS OUTLINED BY THE POLICY SHOULD ISSUES ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE MBA GROUP INSURANCE TRUST HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2025.