Overview
What is Ti Retiree Segregated Trust Account For Key Employees?
Ti Retiree Segregated Trust Account for Key Employees is a nonprofit organization based in Dallas, Texas. The primary purpose of this organization is to offer post-retirement medical benefits to its key employees, as outlined in the trust agreement and the Texas Instruments Retirees Health Benefit Plan. The benefits are drawn from a segregated account, ensuring individual coverage for each key employee. The plan administrator is responsible for tracking medical claims incurred by these employees from January 1, 2015, onwards. The fundamental mission of this organization is to provide post-retirement medical benefits to its key employees, as required by Section 419A(D) of the Internal Revenue Code.
Is Ti Retiree Segregated Trust Account For Key Employees legitimate?
Ti Retiree Segregated Trust Account For Key Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ti Retiree Segregated Trust Account For Key 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
For more financial information, click here
What is the mission statement of Ti Retiree Segregated Trust Account For Key Employees?
The Ti Retiree Segregated Trust Account for Key Employees is established with the primary purpose of offering post-retirement medical benefits, as outlined by the plan, to key employees. This is mandated under Section 419A(D) of the Internal Revenue Code. The organization ensures that these benefits are provided from a segregated account, following the terms of the trust agreement and the Texas Instruments Retirees Health Benefit Plan. The plan administrator is responsible for tracking claims for medical expenses incurred by key employees, starting from January 1, 2015, on an individual basis.
Who is the CEO of Ti Retiree Segregated Trust Account For Key Employees?
Shannon Freeze-Flory is the Trustee of Ti Retiree Segregated Trust Account For Key Employees.
What is the revenue of Ti Retiree Segregated Trust Account For Key Employees?
Ti Retiree Segregated Trust Account For Key Employees's revenue in 2022 was $1,156,622.
Who are the executives of Ti Retiree Segregated Trust Account For Key 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 Ti Retiree Segregated Trust Account For Key Employees?
Ti Retiree Segregated Trust Account For Key Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ti Retiree Segregated Trust Account For Key Employees
Ti Retiree Segregated Trust Account for Key Employees is an organization with a mission to offer post-retirement medical benefits to its key employees, as mandated under Section 419A(D) of the Internal Revenue Code. This organization's fundamental purpose is to provide medical coverage during retirement, ensuring the well-being of its vital employees in their later years.
According to the trust agreement and the Texas Instruments Retirees Health Benefit Plan, Ti Retiree Segregated Trust Account for Key Employees will distribute post-retirement medical benefits to eligible employees from a segregated account. The plan administrator is responsible for tracking claims incurred by each key employee on or after January 1, 2015, on an individual basis. This meticulous approach ensures that each employee receives the benefits they are entitled to under the terms of the trust agreement.
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Impact
October, 2024
The Ti Retiree Segregated Trust Account for Key Employees ensures that key employees have access to group medical and dental coverage during retirement. By establishing a segregated account, the organization is able to provide post-retiree medical benefits in accordance with the terms outlined in the trust agreement and the Texas Instruments Retirees Health Benefit Plan.
This initiative has a significant impact on key employees by offering them a reliable source of health benefits after their retirement, which can greatly alleviate financial stress associated with medical expenses. The plan administrator tracks individual claims starting from January 1, 2015, allowing for personalized management of each key employee's health benefits.
By serving the specific needs of key employees, this trust account reinforces employee loyalty and satisfaction, ultimately encouraging a supportive work culture. It also aligns with compliance requirements under Section 419A(D) of the Internal Revenue Code, ensuring that the organization fulfills its legal obligations while prioritizing the welfare of its workforce.
This information is meant to be a general summary of Ti Retiree Segregated Trust Account For Key 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: $923
- Program Service Revenue: $1,155,699
- Gross Receipts: $1,156,622
Assets and Liabilities:
- Total Assets: $66,309
- Total Liabilities: $0
- Net Assets: $66,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$530,000
PARTICIPANT CONTRIBUTIONS
Revenue
$625,699
BENEFIT PAYMENT REDEPOSITS
Organization Details
Founding Year
2004
Phone
(972) 995-3333Principal Officer
Shannon Freeze-Flory
Main Address
PO BOX 650311 M/S 3905, DALLAS, TX, 75265
NTEE Category
Code: Y43 - Mutual benefit
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