Overview
What is Merck Medical Dental Life Insurance And Long Term Disability Trust?
The Merck Medical Dental Life Insurance and Long Term Disability Trust, often referred to as the Merck MDLI and LTD Trust, is a specialized entity based in Rahway, New Jersey. Its primary role is to manage funds allocated for providing certain retiree medical benefits to former union and non-union employees of Merck Co., Inc. and its subsidiaries, along with their dependents. These benefits constitute the sole purpose and activity of the Trust. The Trust no longer holds assets for funding active employee medical, dental, life insurance, and long-term disability benefits.
Is Merck Medical Dental Life Insurance And Long Term Disability Trust legitimate?
Merck Medical Dental Life Insurance And Long Term Disability Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Merck Medical Dental Life Insurance And Long Term Disability 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: $8,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Merck Medical Dental Life Insurance And Long Term Disability Trust?
The Merck Medical Dental Life Insurance and Long-Term Disability Trust is primarily dedicated to funding certain medical, dental, life insurance, and long-term disability benefits for eligible employees and their dependents. Originating from Merck Co., Inc. and its subsidiaries, this trust caters to both union and non-union employees, as well as retirees, ensuring they receive the necessary benefits. As of 2020, the Trust's primary function is to fund retiree medical benefits through the Merck Retiree Medical Plan for former employees and their dependents. The Trust's activities are solely focused on this aspect.
Who is the CEO of Merck Medical Dental Life Insurance And Long Term Disability Trust?
Unavailable
What is the revenue of Merck Medical Dental Life Insurance And Long Term Disability Trust?
Merck Medical Dental Life Insurance And Long Term Disability Trust's revenue in 2022 was $4,078,591.
Who are the executives of Merck Medical Dental Life Insurance And Long Term Disability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,317
- Related: $0
- Other: $0
Where can I find the form 990 for Merck Medical Dental Life Insurance And Long Term Disability Trust?
Merck Medical Dental Life Insurance And Long Term Disability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Merck Medical Dental Life Insurance And Long Term Disability Trust
The Merck Medical Dental Life Insurance and Long Term Disability Trust is a organization dedicated to funding certain medical, dental, life insurance, and long-term disability benefits for eligible employees and their dependents of Merck Co., Inc. and its participating subsidiaries. This mission extends to both union and non-union employees, as well as retirees, ensuring a comprehensive coverage for their well-being. As of the end of 2020, the Trust's primary activity revolves around funding retiree medical benefits under the Merck Retiree Medical Plan for these eligible individuals. The Trust no longer holds assets for active employee benefits under the Merck Medical, Dental, Life Insurance, and Long Term Disability Plan. In essence, the Merck Medical Dental Life Insurance and Long Term Disability Trust serves as a safety net, providing financial support for medical, dental, life insurance, and long-term disability benefits for eligible Merck employees and retirees, enhancing their overall well-being.
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Impact
October, 2024
The Merck Medical Dental Life Insurance and Long Term Disability Trust plays a crucial role in providing financial security for eligible employees and their dependents by funding essential medical, dental, life insurance, and long-term disability benefits. Specifically, it focuses on ensuring that retirees of Merck Co., Inc. and participating subsidiaries, along with their eligible dependents, receive necessary healthcare services and support after retirement.
With its resources directed towards the Merck Retiree Medical Plan, the Trust helps alleviate the financial burden of medical expenses, enabling retirees to maintain a higher quality of life post-employment. By safeguarding access to healthcare and insurance benefits, the Trust contributes significantly to the well-being and peace of mind of Merck's retired workforce.
In summary, the Trust's impact lies in its commitment to providing financial support and benefits that enhance the welfare of former employees during their retirement, thereby fostering a sense of security among those who dedicated their careers to the company.
This information is meant to be a general summary of Merck Medical Dental Life Insurance And Long Term Disability 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: $24,802
- Program Service Revenue: $4,052,826
- Gross Receipts: $4,078,591
Assets and Liabilities:
- Total Assets: $195,116
- Total Liabilities: $0
- Net Assets: $195,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contribution
Revenue
$4,052,826
Organization Details
Founding Year
1980
Phone
(732) 594-4000Main Address
126 East Lincoln Avenue PO Box 2000, Rahway, NJ, 07065
NTEE Category
Code: Y40 - Mutual benefit
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