Bae Systems North America Welfare Benefit Trust

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.