Overview
What is The Prudential Retiree Life Insurance Trust?
The Prudential Retiree Life Insurance Trust is a nonprofit entity located at 751 Broad Street, 18th Floor, Newark, New Jersey 07102. Its primary mission is to finance life insurance benefits for participants in The Prudential Welfare Benefits Plan. The trust's purpose is to provide financial support for these benefits, ensuring security and peace of mind for those who are beneficiaries. The trust remains dedicated to its role in this plan, contributing to the overall well-being and protection of its beneficiaries.
Is The Prudential Retiree Life Insurance Trust legitimate?
The Prudential Retiree Life Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Prudential Retiree Life Insurance 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 The Prudential Retiree Life Insurance Trust?
The Prudential Retiree Life Insurance Trust is established with the primary purpose of financing life insurance benefits for participants in The Prudential Welfare Benefits Plan. Its mission can be summarized as providing financial support to pay out insurance benefits for the beneficiaries under this plan. The Trust makes payments to insurance carriers to ensure the timely delivery of these benefits. The main objective is to secure financial security for individuals who are part of The Prudential Welfare Benefits Plan.
Who is the CEO of The Prudential Retiree Life Insurance Trust?
Prudential Trust Co is the Principal Officer of The Prudential Retiree Life Insurance Trust.
What is the revenue of The Prudential Retiree Life Insurance Trust?
The Prudential Retiree Life Insurance Trust's revenue in 2022 was -$2,888,269.
Who are the executives of The Prudential Retiree Life Insurance Trust and what are their salaries?
There 3 volunteers at The Prudential Retiree Life Insurance Trust.
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Prudential Retiree Life Insurance Trust?
The Prudential Retiree Life Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Prudential Retiree Life Insurance Trust
The Prudential Retiree Life Insurance Trust, in essence, serves a crucial role in funding life insurance benefits intended for participants enrolled in The Prudential Welfare Benefits Plan. This trust's primary mission is to ensure that upon the demise of these plan participants, their beneficiaries receive the stipulated life insurance benefits. The trust makes payments to various insurance carriers, facilitating the disbursal of these benefits. In summary, The Prudential Retiree Life Insurance Trust plays a pivotal role in providing financial security and support to the beneficiaries of participants in The Prudential Welfare Benefits Plan during times of grief and loss.
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Impact
October, 2024
The Prudential Retiree Life Insurance Trust plays a critical role in providing financial security by funding life insurance benefits for participants in the Prudential Welfare Benefits Plan. By facilitating payments to insurance carriers, the Trust ensures that beneficiaries receive the life insurance benefits they are entitled to, which can significantly impact the financial stability of retirees and their families. This support not only offers peace of mind to participants but also reinforces the commitment to their welfare, contributing to a broader safety net for retired individuals. The Trust's dedicated mission underscores its importance in the landscape of retirement benefits, promoting mutual benefit among participants.
This information is meant to be a general summary of The Prudential Retiree Life Insurance 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: -$2,888,269
- Gross Receipts: $12,710,042
Assets and Liabilities:
- Total Assets: $110,387,248
- Total Liabilities: $0
- Net Assets: $110,387,248
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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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