KENTUCKY NONPROFIT NETWORK, INC. GROUP INSURANCE TRUST (THE TRUST) WAS ESTABLISHED FOR THE EMPLOYERS WITHIN THE NONPROFIT INDUSTRY IN KENTUCKY WHO SUBSCRIBE TO THE PLANS OF THE TRUST (SUBSCRIBING EMPLOYERS). INDUSTRY ASSOCIATIONS SPONSOR HEALTH INSURANCE PLANS AND EXECUTE PARTICIPATION AGREEMENTS WITH THE TRUST (PARTICIPATING ASSOCIATIONS). SUBSCRIBING EMPLOYERS MUST BE A MEMBER OF A PARTICIPATING ASSOCIATION IN ORDER TO SUBSCRIBE TO THE PLANS TO PROVIDE HEALTH INSURANCE BENEFITS TO THEIR EMPLOYEES. SUBSCRIBING EMPLOYERS ADOPT INDIVIDUAL WELFARE PLANS AT THE MEMBER LEVEL AND THE RELATED PLANS PROVIDE DENTAL, ACCIDENTAL DEATH AND DISMEMBERMENT, GROUP LIFE INSURANCE, VISION, EMERGENCY MEDICAL TRANSPORTATION, SHORT-TERM DISABILITY, AND LONG-TERM DISABILITY BENEFITS FOR PARTICIPATING EMPLOYEES OF SUBSCRIBING EMPLOYERS. THE TRUST HAD 601 PARTICIPATING EMPLOYEES IN 47 PARTICIPATING GROUPS AS OF DECEMBER 31, 2023.