Overview
What is Trustco Bank Employee Benefits Trust?
Trustco Bank Employee Benefits Trust is a nonprofit organization that offers health and welfare benefits to employees of Trustco Bank. The trust provides three primary benefits: dental insurance, post-retirement medical insurance, and death benefits. This organization serves as a means to enhance the well-being of its employees, providing them with essential coverage and support throughout their employment and post-retirement phases.
Is Trustco Bank Employee Benefits Trust legitimate?
Trustco Bank Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trustco Bank Employee 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
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What is the mission statement of Trustco Bank Employee Benefits Trust?
The Trustco Bank Employee Benefits Trust is committed to providing health and welfare benefits to the employees of Trustco Bank. The benefits offered through this trust encompass dental insurance, post-retirement medical insurance, and death benefits. The primary objective of the Trustco Bank Employee Benefits Trust is to enhance the well-being and health security of its employees, ensuring they have access to necessary medical coverage and financial assistance in times of need. The trust serves as a vital resource for employees, providing them with essential benefits to maintain their overall health and well-being.
Who is the CEO of Trustco Bank Employee Benefits Trust?
Unavailable
What is the revenue of Trustco Bank Employee Benefits Trust?
Trustco Bank Employee Benefits Trust's revenue in 2022 was $922,188.
Who are the executives of Trustco Bank Employee Benefits 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 Trustco Bank Employee Benefits Trust?
Trustco Bank Employee Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trustco Bank Employee Benefits Trust
Trustco Bank Employee Benefits Trust, as its name suggests, is dedicated to providing health and welfare benefits to the employees of Trustco Bank. This nonprofit organization offers a range of benefits, including dental insurance, post-retirement medical insurance, and death benefits. By providing these benefits, Trustco Bank Employee Benefits Trust aims to support the overall well-being and health of its employees, ensuring they have access to necessary medical care and financial security in the event of unforeseen circumstances. The trust's mission is to enhance the quality of life for its beneficiaries, providing them with peace of mind and assurance during their employment and beyond.
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Impact
October, 2024
The Trustco Bank Employee Benefits Trust plays a crucial role in enhancing the overall well-being of Trustco Bank employees by providing essential health and welfare benefits. By offering services such as dental insurance, post-retirement medical insurance, and death benefits, the Trust fosters a supportive workplace environment that prioritizes the health and security of its employees.
These benefits are significant for employees, as they not only help in managing healthcare costs but also provide peace of mind regarding their financial future and that of their families. The Trust’s commitment to employee welfare contributes to higher job satisfaction, retention, and morale among staff, making Trustco Bank an attractive place to work.
Moreover, the availability of comprehensive benefits like post-retirement medical insurance encourages employees to plan long-term for their health needs, thereby reinforcing their loyalty to the institution. Overall, the Trustco Bank Employee Benefits Trust positively impacts employee welfare and organizational culture, fostering a sense of mutual benefit and responsibility.
This information is meant to be a general summary of Trustco Bank Employee 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: $661,881
- Program Service Revenue: $130,307
- Gross Receipts: $4,675,262
Assets and Liabilities:
- Total Assets: $30,919,168
- Total Liabilities: $539,411
- Net Assets: $30,379,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE AND RETIREE CONTRIBUTIONS
Revenue
$130,307
Organization Details
Founding Year
1985
Phone
(518) 381-3602Main Address
5 SARNOWSKI DRIVE, GLENVILLE, NY, 12302
NTEE Category
Code: Y40 - Mutual benefit
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