Overview
What is Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust is a voluntary employee's beneficiary association, also known as a VEBA, established by American Water Works Company Inc. The organization is funded solely by the company and its participants to provide group insurance, employee assistance, and long-term disability benefits to the company's employees. This includes medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits, as well as an employee assistance plan. These benefits are extended to all full-time permanent employees and their dependents. The long-term disability plan caters to the non-bargaining unit employees of the company.
Is Aww Co Inc & Its Designated Sub Affil Group Insurance Trust legitimate?
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Aww Co Inc & Its Designated Sub Affil Group 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 Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
The Aww Co Inc & Its Designated Sub Affil Group Insurance Trust is a voluntary employee's beneficiary association established by American Water Works Company Inc. The organization's primary purpose is to provide group insurance, employee assistance, and long-term disability benefits to the company's employees. The group insurance plan includes medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits, while the employee assistance plan offers support to employees in various ways. These benefits are extended to all full-time permanent employees, and certain plans may also cover dependents. The long-term disability plan specifically caters to the non-bargaining unit employees of the company.
Who is the CEO of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Martin Falkenberg is the Benefit Committee of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust.
What is the revenue of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust's revenue in 2022 was $142,099,462.
Who are the executives of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust and what are their salaries?
There 5 volunteers at Aww Co Inc & Its Designated Sub Affil Group Insurance Trust.
Here are 5 key members and their salaries:
- Compensation: $332,875
- Related: $0
- Other: $48,273
- Compensation: $459,622
- Related: $0
- Other: $55,344
- Compensation: $423,330
- Related: $0
- Other: $43,217
- Compensation: $341,574
- Related: $0
- Other: $51,530
- Compensation: $322,098
- Related: $0
- Other: $51,370
Where can I find the form 990 for Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust, also known as the VEBA, is a voluntary employee's beneficiary association established by American Water Works Company Inc. The mission of this trust is to provide group insurance, employee assistance, and long-term disability benefits to the company's employees. The Company and participating members fund the VEBA solely for this purpose.
The trust offers a range of benefits to its members, including medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits. These plans are available to all full-time permanent employees and, as permitted by the plan, to their dependents. Additionally, the trust provides long-term disability benefits to the Company's non-bargaining unit employees.
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust acts as a safety net for the workforce, ensuring they have access to essential benefits that safeguard their financial and health well-being. Through this comprehensive benefits package, the trust aims to support the physical and emotional wellness of its members, enabling them to focus on their work and personal lives with peace of mind.
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Impact
October, 2024
Aww Co Inc & Its Designated Sub Affil Group Insurance Trust plays a significant role in providing essential benefits to employees of American Water Works Company Inc. The trust is designed to offer a comprehensive suite of group insurance options, including medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment coverage. By funding these benefits through a Voluntary Employee Beneficiary Association (VEBA), the trust ensures that all full-time permanent employees and their dependents have access to quality healthcare and financial support in times of need.
The Employee Assistance Plan further enhances employee well-being by offering resources and support services, addressing personal issues that may affect job performance and overall quality of life. Additionally, the long-term disability plan is specifically tailored for non-bargaining unit employees, providing them with financial security should they face extended periods away from work due to disability.
Overall, Aww Co Inc & Its Designated Sub Affil Group Insurance Trust contributes to employee satisfaction and retention by creating a safety net that encourages health, well-being, and security among its workforce.
This information is meant to be a general summary of Aww Co Inc & Its Designated Sub Affil Group 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: $225,324
- Program Service Revenue: $131,798,339
- Gross Receipts: $142,099,462
Assets and Liabilities:
- Total Assets: $16,687,059
- Total Liabilities: $6,906,580
- Net Assets: $9,780,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPANY CONTRIBUTIONS
Revenue
$107,274,204
MEMBER CONTRIBUTIONS
Revenue
$24,524,135
Organization Details
Founding Year
1983
Phone
(856) 955-4001Principal Officer
Martin Falkenberg
Main Address
PO BOX 2738 1 WATER STREET, CAMDEN, NJ, 08102
NTEE Category
Code: Y40 - Mutual benefit
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