Overview
What is Connecticut Mutual Life Insurance Co Voluntary Employee Health?
Connecticut Mutual Life Insurance Co Voluntary Employee Health is a nonprofit organization that established the CM Veba Trust in Springfield, Massachusetts. The primary role of this trust is to manage and hold assets that ensure the payment of life insurance benefits for certain employees of Massmutual Life Insurance Company. These employees have worked or previously worked with Connecticut Mutual Life Insurance Company. The trust serves as a financial support system for these individuals, providing them with necessary life insurance benefits.
Is Connecticut Mutual Life Insurance Co Voluntary Employee Health legitimate?
Connecticut Mutual Life Insurance Co Voluntary Employee Health is a legitimate nonprofit organization registered as a 501(c)(9) entity. Connecticut Mutual Life Insurance Co Voluntary Employee Health submitted a form 990EZ, 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Connecticut Mutual Life Insurance Co Voluntary Employee Health?
Connecticut Mutual Life Insurance Co Voluntary Employee Health has a specific role in providing life insurance benefits. They have established the CM Veba Trust to manage assets that ensure the payment of these benefits for certain employees of Massmututal Life Insurance Company, who were previously employed by or are currently employed by Connecticut Mutual Life Insurance Company. This trust is not about promoting a broader mission or vision, but rather, it is focused on the administration of life insurance benefits for the specified individuals.
What is the revenue of Connecticut Mutual Life Insurance Co Voluntary Employee Health?
Connecticut Mutual Life Insurance Co Voluntary Employee Health's revenue in 2023 was $299.
Who are the executives of Connecticut Mutual Life Insurance Co Voluntary Employee Health and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Connecticut Mutual Life Insurance Co Voluntary Employee Health?
Connecticut Mutual Life Insurance Co Voluntary Employee Health's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Connecticut Mutual Life Insurance Co Voluntary Employee Health
Connecticut Mutual Life Insurance Co Voluntary Employee Health, in essence, serves as a trust to manage and distribute life insurance benefits for certain employees of Massmutual Life Insurance Company. These employees have a connection to Connecticut Mutual Life Insurance Company, either through employment or previous tenure. The trust, established by Connecticut Mutual Life Insurance Co Voluntary Employee Health, holds the necessary assets to fulfill this purpose. The mission of this organization is centered around providing financial support in the form of life insurance benefits to eligible individuals, thereby offering a measure of financial security in the event of unfortunate circumstances.
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Impact
October, 2024
Connecticut Mutual Life Insurance Co Voluntary Employee Health plays a significant role in providing vital life insurance benefits to employees of MassMutual Life Insurance Company who were affiliated with Connecticut Mutual Life Insurance Company. By establishing the CM Veba Trust, the organization ensures that there are dedicated financial resources allocated to support these benefits, which is crucial for the well-being and security of current and former employees. This trust is strategically located in Springfield, MA, facilitating efficient management and distribution of the plan assets.
The impact of this organization is notable in its commitment to safeguarding the financial futures of employees and their families, thereby fostering a sense of security and peace of mind. The provision of these benefits not only enhances the overall employee experience but also contributes to employee retention and morale, reflecting the trust's importance within the broader context of employee health and well-being.
This information is meant to be a general summary of Connecticut Mutual Life Insurance Co Voluntary Employee Health. 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 2023.
- Investment Income: $299
- Gross Receipts: $299
Assets and Liabilities:
- Total Assets: $6,487
- Total Liabilities: $0
- Net Assets: $6,487
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Organization Details
Principal Officer
The Massmutual Trust Company Fsb
NTEE Category
Code: E81Z - Health
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