Overview
What is Massachusetts Mutual Agents Health Benefit Trust?
Massachusetts Mutual Agents Health Benefit Trust is a charitable trust based in Springfield, Massachusetts. Its primary function is to manage the assets of a health plan designed to offer medical, dental, and vision benefits to MassMutual Life Insurance Company's full-time career agents, general agents, and retired agents. The trust holds the health plan assets and ensures the provision of these essential benefits to the covered agents.
What are the reviews and ratings of this charity?
The Massachusetts Mutual Agents Health Benefit Trust currently has no rating on Charity Navigator. This is primarily due to the lack of necessary beacon scores, such as Accountability & Finance or Impact & Measurement, which are required for a comprehensive evaluation. The absence of a rating does not imply a negative or positive stance but rather reflects insufficient data for an assessment.
Charity Navigator evaluation is limited to 501(c)(3) organizations, and since the Trust does not fall under this category, it cannot be assessed for aspects like Leadership & Adaptability, Culture & Community, or Impact & Measurement. Historical evaluations were based on Accountability and Finance, but even such data—like total revenue, expenses, and salaries—is not available for this Trust.
Without available data on multiple fronts, understanding the Trust's operational strengths or limitations through Charity Navigator is currently not possible. Additionally, no user reviews provide insight into the organization's community impact or stakeholder satisfaction. Consequently, there is insufficient information to present a more detailed performance summary.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Mutual Agents Health Benefit Trust legitimate?
Massachusetts Mutual Agents Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Massachusetts Mutual Agents Health Benefit 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 Massachusetts Mutual Agents Health Benefit Trust?
The Massachusetts Mutual Agents Health Benefit Trust is responsible for holding the assets of a health plan that offers medical, dental, and vision benefits. This plan extends coverage to full-time career agents, general agents, and retired agents of MassMutual Life Insurance Company. The trust's mission is to ensure these agents have access to essential healthcare benefits. By doing so, the trust aims to contribute significantly to the well-being and overall health of the agents, enabling them to maintain their careers and continue serving their clients effectively.
Who is the CEO of Massachusetts Mutual Agents Health Benefit Trust?
Unavailable
What is the revenue of Massachusetts Mutual Agents Health Benefit Trust?
Massachusetts Mutual Agents Health Benefit Trust's revenue in 2022 was $86,743,132.
Who are the executives of Massachusetts Mutual Agents Health Benefit Trust 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 Massachusetts Mutual Agents Health Benefit Trust?
Massachusetts Mutual Agents Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Mutual Agents Health Benefit Trust
The Massachusetts Mutual Agents Health Benefit Trust, often referred to as the Agent Health Trust, is a vital organization with a mission to manage the health plan assets that offer essential medical, dental, and vision benefits to qualified agents of the MassMutual Life Insurance Company. These agents include those who have entered into a full-time career contract, general agents, and retired agents.
Established to cater to the health needs of the MassMutual Life Insurance Company's agents, the Agent Health Trust ensures these individuals have access to comprehensive health benefits. By offering medical, dental, and vision coverage, the Trust empowers its members to prioritize their wellbeing and maintain optimal health. This commitment extends to both career agents and those who have retired from their positions, demonstrating the Trust's dedication to supporting its members throughout their professional journey.
The Agent Health Trust's mission is critical in providing peace of mind to MassMutual Life Insurance Company agents, enabling them to focus on their roles while the Trust takes care of their health benefits. The organization's unwavering commitment to supporting its members is evident through its provision of comprehensive and inclusive health benefits packages.
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Impact
October, 2024
Massachusetts Mutual Agents Health Benefit Trust plays a crucial role in providing comprehensive health benefits to agents of the MassMutual Life Insurance Company. By offering medical, dental, and vision coverage, the Trust ensures that full-time career agents, general agents, and retired agents have access to essential health care resources. This support not only enhances the well-being of the agents but also contributes to their professional stability and peace of mind.
By holding the health plan assets, the Trust effectively manages these benefits, allowing agents to focus on their careers without the stress of navigating healthcare obstacles. The Trust fosters a supportive community, promoting a healthy workforce that can better serve clients and meet the demands of the industry. Overall, its impact is significant in terms of improving the quality of life for agents and reinforcing the values of mutual support and responsibility within the organization.
This information is meant to be a general summary of Massachusetts Mutual Agents Health Benefit 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: $57,131
- Program Service Revenue: $86,686,001
- Gross Receipts: $86,743,132
Assets and Liabilities:
- Total Assets: $9,775,888
- Total Liabilities: $10,039,000
- Net Assets: -$263,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contributions
Revenue
$60,740,500
Employee contributions
Revenue
$25,945,501
Organization Details
Founding Year
1984
Phone
(860) 562-2120Main Address
1295 State Street MIP F110, Springfield, MA, 011110001
NTEE Category
Code: Y40 - Mutual benefit
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