Overview
What is Post Retirement Health Benefits Trust For Represented Employees?
The Post Retirement Health Benefits Trust For Represented Employees is a nonprofit entity located in Newark, New Jersey, at 80 Park Plaza T-10. Its primary purpose is to provide and manage certain death and retiree health benefits for employees. The company contributes funds to this trust, which are then utilized to cover certain death benefits or retiree health benefits. In case a retiree passes away before exhausting their account balance, the remaining funds can be inherited by their beneficiaries. This trust serves as a vehicle for the company to support its employees' post-retirement well-being.
Is Post Retirement Health Benefits Trust For Represented Employees legitimate?
Post Retirement Health Benefits Trust For Represented Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Post Retirement Health Benefits Trust For Represented Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Post Retirement Health Benefits Trust For Represented Employees?
The Post Retirement Health Benefits Trust For Represented Employees serves as a platform for a company to contribute funds to a VEBA trust. The primary purpose of these contributions is to cover certain death benefits or provide post-retirement health benefits for employees. In the event of a retiree's demise before exhausting their account, the remaining balance can be utilized by their beneficiaries. In essence, the trust aims to ensure the financial security of employees in their retirement years, providing them with essential health benefits.
Who is the CEO of Post Retirement Health Benefits Trust For Represented Employees?
Hand Benefit And Trust Co is the Principal Officer of Post Retirement Health Benefits Trust For Represented Employees.
What is the revenue of Post Retirement Health Benefits Trust For Represented Employees?
Post Retirement Health Benefits Trust For Represented Employees's revenue in 2022 was $2,105,030.
Who are the executives of Post Retirement Health Benefits Trust For Represented Employees 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 990 for Post Retirement Health Benefits Trust For Represented Employees?
Post Retirement Health Benefits Trust For Represented Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Post Retirement Health Benefits Trust For Represented Employees
The Post Retirement Health Benefits Trust for Represented Employees is established with the mission to serve as a medium through which a company can contribute funds to a VEBA trust. The primary purpose of this trust is to ensure the provision of certain death benefits and retiree health benefits for the employees. In the event of an employee's demise before their account is fully depleted, the remaining balance can be passed on to their beneficiaries. The Post Retirement Health Benefits Trust for Represented Employees plays a crucial role in providing financial support for the health and well-being of its employees even after their retirement. This trust acts as a safety net, ensuring that the employees' health benefits are maintained even in their post-retirement life.
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Impact
October, 2024
The Post Retirement Health Benefits Trust For Represented Employees has a significant impact by ensuring financial security for retirees and their beneficiaries. By providing a structured vehicle for the company to contribute funds to the Voluntary Employees' Beneficiary Association (VEBA) trust, it guarantees that employees receive essential health benefits and death benefits after retirement. This not only enhances the well-being of retirees but also fosters peace of mind among employees, knowing that their health and post-retirement needs are supported.
Additionally, should a retiree pass away before fully utilizing their account, the remaining balance can be transferred to their beneficiaries, further extending the support to families. This trust plays a crucial role in promoting stability and ensuring that employees receive the mutual benefits expected from their employer, ultimately contributing to employee satisfaction and retention.
This information is meant to be a general summary of Post Retirement Health Benefits Trust For Represented Employees. 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: $310,580
- Program Service Revenue: $1,794,450
- Gross Receipts: $2,105,030
Assets and Liabilities:
- Total Assets: $21,094,743
- Total Liabilities: $0
- Net Assets: $21,094,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIOSN
Revenue
$1,794,450
Organization Details
Founding Year
1999
Phone
(412) 236-7175Principal Officer
Hand Benefit And Trust Co
Main Address
80 PARK PLAZA T-10, NEWARK, NJ, 07101
NTEE Category
Code: Y43 - Mutual benefit
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