Overview
What is May Long-Term Disability Plan Trust?
The May Long-Term Disability Plan Trust is a trust established under the Employee Retirement Income Security Act (ERISA) with a primary purpose of managing and safeguarding employee benefit assets. This trust, located in Springdale, Ohio, serves as a vital entity responsible for the administration and maintenance of long-term disability benefits for employees. By holding and managing these assets, the trust ensures the financial stability and security of these benefits, thereby providing peace of mind and protection for employees in case of long-term disability.
Is May Long-Term Disability Plan Trust legitimate?
May Long-Term Disability Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. May Long-Term Disability Plan Trust 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.
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What is the mission statement of May Long-Term Disability Plan Trust?
The May Long-Term Disability Plan Trust, established under ERISA, is tasked with holding and managing employee benefit assets. Its primary role is to safeguard and manage these assets to ensure they are utilized effectively for providing long-term disability benefits to eligible employees. The trust does not have a traditional mission statement in the sense of promoting a cause or supporting a community, but rather, it serves as a financial vehicle to support the employee benefit program.
Who is the CEO of May Long-Term Disability Plan Trust?
Matthew S Schroeder is the Trustee of May Long-Term Disability Plan Trust.
What is the revenue of May Long-Term Disability Plan Trust?
May Long-Term Disability Plan Trust's revenue in 2023 was -$466,671.
Who are the executives of May Long-Term Disability Plan Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for May Long-Term Disability Plan Trust?
May Long-Term Disability Plan Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of May Long-Term Disability Plan Trust
The May Long-Term Disability Plan Trust, established under the Employee Retirement Income Security Act (ERISA), is a trust primarily dedicated to the management and upkeep of employee benefit assets. Its primary mission involves acting as a custodian and overseer of these assets, ensuring their proper allocation and utilization for the intended purposes. The trust's activities center around maintaining the financial well-being of employee benefit programs, serving as a reliable steward of these critical resources.
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Impact
October, 2024
The May Long-Term Disability Plan Trust plays a crucial role in managing and safeguarding employee benefit assets. By operating under the Employee Retirement Income Security Act (ERISA), the trust ensures that employees have reliable access to long-term disability benefits. This not only provides financial security for individuals facing disabilities but also fosters a supportive work environment where employees can focus on recovery rather than financial strain.
Located in Springdale, Ohio, the trust serves a vital function in the local community by promoting the welfare of employees and their dependents. Its mission emphasizes the importance of mutual benefit, reinforcing the idea that employees are valued and supported through their challenges. This trust serves as a model for effective management of employee benefits, ensuring accountability and transparency in handling assets dedicated to employee welfare.
This information is meant to be a general summary of May Long-Term Disability Plan Trust. 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: $363,945
Assets and Liabilities:
- Total Assets: $10,706,191
- Total Liabilities: $0
- Net Assets: $10,706,191
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Organization Details
Founding Year
1975
Phone
(513) 782-1200Principal Officer
Matthew S Schroeder
Main Address
145 PROGRESS PLACE, SPRINGDALE, OH, 45246
NTEE Category
Code: Y40 - Mutual benefit
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