Overview
What is The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust is a trust fund based in Newark, New Jersey, at 751 Broad Street, 18th Floor. Its primary objective is to provide post-retirement health benefits for participants and their dependents enrolled in The Prudential Retiree Welfare Benefits Plan. By making payments to insurance carriers and contract administrators, the trust aims to ensure the continuity of healthcare coverage for retirees, supporting their wellbeing in their golden years.
What are the reviews and ratings of this charity?
The Prudential Retiree Health Benefits Trust is currently not rated by Charity Navigator. Ratings are determined based on various beacon scores, but this organization lacks necessary beacon data such as Accountability & Finance or Impact & Measurement which are crucial for a formal rating. The absence of a rating is neutral, indicating neither a positive nor negative evaluation at this stage.
There is limited financial information available for The Prudential Retiree Health Benefits Trust. Specific data on revenue, expenses, and key personnel salaries are not provided. This lack of information makes it challenging to perform a comprehensive financial analysis, potentially affecting transparency perceptions.
As it is not a 501(c)(3) registered nonprofit, Charity Navigator cannot evaluate its impact, culture, or leadership aspects. This restriction limits the scope of assessment under the organization's methodology. Additionally, there are no user reviews available from GreatNonprofits to provide further insights into public perception or anecdotal evidence of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Prudential Retiree Health Benefits Trust legitimate?
The Prudential Retiree Health Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Prudential Retiree Health Benefits 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
For more financial information, click here
What is the mission statement of The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust is designed to finance post-retirement health benefits for participants and their dependents in the Prudential Retiree Welfare Benefits Plan. Its primary objective is to ensure the continuity of health benefits for retirees. The Trust makes payments to insurance carriers and contract administrators to cover post-retirement health benefits for eligible individuals. The Trust's purpose is to maintain the financial security and well-being of retirees by providing them with essential health coverage in their post-career years. The Trust's mission is centered around providing peace of mind to retirees by continuing to fund their health benefits long after they have left their active employment.
Who is the CEO of The Prudential Retiree Health Benefits Trust?
Prudential Trust Co is the Principal Officer of The Prudential Retiree Health Benefits Trust.
What is the revenue of The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust's revenue in 2022 was $67,882,462.
Who are the executives of The Prudential Retiree Health Benefits Trust and what are their salaries?
There 3 volunteers at The Prudential Retiree Health Benefits Trust.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Prudential Retiree Health Benefits Trust
The Prudential Retiree Health Benefits Trust is a dedicated trust, designed to fund post-retirement health benefits for individuals enrolled in the Prudential Retiree Welfare Benefits Plan and their dependents. Established with the intention of ensuring financial support for healthcare expenses in the later years, the trust plays a vital role in securing the wellbeing of its beneficiaries.
By providing financial resources to insurance carriers and contract administrators, The Prudential Retiree Health Benefits Trust enables the continuation of health coverage for eligible retirees and their dependents. This support empowers them to access essential healthcare services and maintain their overall health and well-being during their retirement years. With the trust's unwavering commitment, retirees can focus on enjoying their post-career life without worrying about the financial burdens of healthcare expenses.
The Prudential Retiree Health Benefits Trust is an essential pillar of support for those who have worked hard for their retirement and deserve peace of mind when it comes to their health and wellbeing. By funding post-retirement health benefits, the trust allows its beneficiaries to live their golden years with confidence, knowing that they have access to the healthcare services they need to maintain their health and live a fulfilling life.
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Impact
October, 2024
The Prudential Retiree Health Benefits Trust plays a crucial role in securing post-retirement health benefits for participants and their dependents enrolled in the Prudential Retiree Welfare Benefits Plan. By funding these benefits, the Trust ensures that retirees have access to essential healthcare services, thereby promoting their well-being and financial security in retirement.
This Trust facilitates payments to insurance carriers and contract administrators, streamlining the process of managing healthcare benefits for retirees. Its operations directly support the health needs of participants, helping to alleviate the financial burden associated with medical expenses in retirement. In essence, the Prudential Retiree Health Benefits Trust acts as a safety net, enhancing the quality of life for retirees by ensuring they can afford the healthcare services necessary for their continued health and stability.
This information is meant to be a general summary of The Prudential Retiree Health Benefits 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.
- Investment Income: $1,572,870
- Program Service Revenue: $27,068,659
- Gross Receipts: $67,882,462
Assets and Liabilities:
- Total Assets: $955,083,841
- Total Liabilities: $0
- Net Assets: $955,083,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$27,068,659
Organization Details
Founding Year
2004
Phone
(973) 802-4137Principal Officer
Prudential Trust Co
Main Address
751 BROAD STREET 18TH FLOOR, NEWARK, NJ, 07102
NTEE Category
Code: Y44 - Mutual benefit
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