Overview
What is Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee?
Central Maine Power Co Post-Retirement Medical Plan Trust for Nonunion Employees is a self-insured medical plan, specifically designed for non-union workers. Based in Orange, Connecticut, this trust aims to provide comprehensive healthcare coverage for its members post-retirement. The fund's main mission is to ensure that these non-union employees have access to necessary medical services during their retirement years. The trust is responsible for managing and financing the medical plan, ensuring the well-being of its members in this critical phase of their lives.
Is Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee legitimate?
Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee is a legitimate nonprofit organization registered as a 501(c)(9) entity. Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee?
The Central Maine Power Co Post-Retirement Medical Plan Trust for Nonunion Employees is dedicated to funding a self-insured medical plan for its non-union members. This mission aims to ensure that these employees have access to necessary medical care post-retirement. The trust's activities revolve around managing and maintaining this medical plan, providing financial support for the healthcare needs of its beneficiaries.
Who is the CEO of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee?
David Beber is the Trustee of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee.
What is the revenue of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee?
Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee's revenue in 2022 was $266,129.
Who are the executives of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee?
Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee
Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee is a self-funded entity that dedicates its resources towards providing medical coverage for its non-union member population. Its primary mission is to ensure the well-being of these individuals by managing a self-insured medical plan. This plan serves as a safety net, providing essential healthcare services to the retirees of the company, allowing them to maintain their health and quality of life post-employment. The trust's objective is to manage this medical plan in a responsible and efficient manner, ensuring that the benefits it provides are reliable and accessible to its beneficiaries.
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Impact
October, 2024
The Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employees provides a crucial benefit by funding a self-insured medical plan tailored for non-union members. This trust ensures that eligible employees have access to necessary medical care after retirement, thereby alleviating financial burdens associated with healthcare costs during their retirement years.
By offering these benefits, the trust contributes to overall employee satisfaction and retention, as employees are more likely to feel valued and secure when they know their post-retirement healthcare needs are addressed. Additionally, by operating as a self-insured plan, the trust can potentially manage healthcare expenses more effectively, leading to better allocation of resources and enhanced support for beneficiaries.
Ultimately, the impact of this trust extends beyond individual health outcomes; it promotes a culture of mutual benefit and security within the organization, helping to maintain a committed workforce even as they transition into retirement.
This information is meant to be a general summary of Central Maine Power Co Post-Retirement Medical Plan Trust For Nonunion Employee. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,428
- Gross Receipts: $289,325
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1997
Phone
(203) 499-2000Principal Officer
David Beber
Main Address
180 MARSH HILL ROAD, ORANGE, CT, 06477
NTEE Category
Code: Y40 - Mutual benefit
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