Overview
What is Hy-Line Voluntary Employee Beneficiary Association Plan And Trust?
Hy-Line Voluntary Employee Beneficiary Association Plan and Trust is a nonprofit organization, headquartered in West Des Moines, Iowa. Its primary mission is to establish a trust fund to cover future health expenses for eligible retirees from the adopting companies. This trust aims to cater to the health needs of the organizations' employees and their dependents, ensuring their well-being post-retirement.
Is Hy-Line Voluntary Employee Beneficiary Association Plan And Trust legitimate?
Hy-Line Voluntary Employee Beneficiary Association Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hy-Line Voluntary Employee Beneficiary Association Plan And 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.
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 Hy-Line Voluntary Employee Beneficiary Association Plan And Trust?
The mission of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust is primarily focused on providing for the health needs of the adopting companies' employees and their dependents. To achieve this, they establish a trust to fund future healthcare costs for qualified retirees. This trust aims to ensure the financial security of retired employees, ensuring they can continue to access necessary healthcare services. The trust does not disclose any specific details about the extent or type of healthcare services provided, but its primary objective is to provide for the health needs of qualified retirees.
Who is the CEO of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust?
Thomas Jorgensen is the Trustee of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust.
What is the revenue of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust?
Hy-Line Voluntary Employee Beneficiary Association Plan And Trust's revenue in 2022 was $545,917.
Who are the executives of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust and what are their salaries?
There 1 volunteer at Hy-Line Voluntary Employee Beneficiary Association Plan And Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $270,285
- Other: $0
Where can I find the form 990 for Hy-Line Voluntary Employee Beneficiary Association Plan And Trust?
Hy-Line Voluntary Employee Beneficiary Association Plan And Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hy-Line Voluntary Employee Beneficiary Association Plan And Trust
Hy-Line Voluntary Employee Beneficiary Association Plan and Trust, in its mission, aims to cater to the health needs of the adopting companies' employees and their dependents. This is achieved through the establishment of a trust, which is intended to cover future health expenses for qualified retirees. By establishing this trust, the organization seeks to provide financial security and peace of mind for its beneficiaries, ensuring that they will have access to necessary healthcare services even in their retirement years. This mission is a testament to Hy-Line Voluntary Employee Beneficiary Association Plan and Trust's commitment to the well-being of its members, extending beyond their active employment period.
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Impact
October, 2024
Hy-Line Voluntary Employee Beneficiary Association Plan And Trust plays a significant role in ensuring the health and well-being of employees and their dependents affiliated with adopting companies. By establishing a trust specifically designed to cover future health costs for qualified retirees, it provides a vital safety net that addresses health care needs when individuals may be most vulnerable.
The impact of this plan is multifaceted. Firstly, it enhances the financial security of retirees by preparing for healthcare expenses that can arise with age, thus reducing the burden on both retirees and their families. Additionally, this proactive approach to funding health costs helps companies attract and retain talent by providing a comprehensive benefits package that underscores their commitment to employee welfare.
Ultimately, the Plan and Trust fosters a sense of community and mutual benefit, benefiting not only individual employees but also strengthening the overall workforce dynamics within participating companies. This emphasis on long-term health planning shows a commitment to sustaining employee health beyond active employment, providing peace of mind for both employees and employers alike.
This information is meant to be a general summary of Hy-Line Voluntary Employee Beneficiary Association Plan And 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 2022.
- Program Service Revenue: $545,917
- Gross Receipts: $545,917
Assets and Liabilities:
- Total Assets: $9,432,522
- Total Liabilities: $0
- Net Assets: $9,432,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$475,540
EMPLOYEE CONTRIBUTIONS
Revenue
$70,377
Organization Details
Founding Year
2004
Phone
(515) 225-6030Principal Officer
Thomas Jorgensen
Main Address
1755 WEST LAKES PARKWAY, WEST DES MOINES, IA, 50266
NTEE Category
Code: Y43 - Mutual benefit
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