Overview
What is Massachusetts Mutual Employee Health Benefit Trust?
Massachusetts Mutual Employee Health Benefit Trust is a trust established to manage health plan assets. It offers medical, dental, and vision benefits to eligible employees and retirees of MassMutual Life Insurance Company and its associated entities within the controlled group, who have adopted the plan. Based in Springfield, Massachusetts, the trust's mission is to ensure the availability of comprehensive health benefits for its members. By holding and managing the health plan assets, the trust enables its affiliated organizations to provide valuable health coverage to their workforce.
Is Massachusetts Mutual Employee Health Benefit Trust legitimate?
Massachusetts Mutual Employee Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Massachusetts Mutual Employee 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 Employee Health Benefit Trust?
The Massachusetts Mutual Employee Health Benefit Trust was created to manage assets associated with a health plan. This health plan offers medical, dental, and vision benefits to eligible employees and retirees of MassMutual Life Insurance Company and its affiliated entities that have adopted the plan. In essence, the Trust serves as a vital resource for providing essential health benefits to these individuals. The Trust's primary objective is to ensure the wellbeing of its members by administering their health benefits effectively. By doing so, it enables them to access necessary medical care and maintain good health. Additionally, the Trust plays a crucial role in fostering the overall health and wellness of its members, thereby enhancing their quality of life.
Who is the CEO of Massachusetts Mutual Employee Health Benefit Trust?
Unavailable
What is the revenue of Massachusetts Mutual Employee Health Benefit Trust?
Massachusetts Mutual Employee Health Benefit Trust's revenue in 2022 was $115,242,269.
Who are the executives of Massachusetts Mutual Employee 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 Employee Health Benefit Trust?
Massachusetts Mutual Employee Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Mutual Employee Health Benefit Trust
The Massachusetts Mutual Employee Health Benefit Trust, often referred to as the Employee Health Trust, is a entity that holds the assets of a health plan. This trust extends medical, dental, and vision benefits to eligible employees and retirees of MassMutual Life Insurance Company and related organizations that have adopted the plan.
Established with the primary objective of managing and holding the assets of the health plan, the Employee Health Trust is an essential component that ensures the provision of comprehensive health coverage for a significant number of individuals within the MassMutual organization. By offering medical, dental, and vision benefits, the Employee Health Trust contributes to the overall well-being and health of its members, enabling them to focus on their professional and personal growth without the worry of managing their healthcare needs.
The importance of the Employee Health Trust lies in its role as a trusted steward of vital health plan assets, ensuring the continuity and accessibility of essential healthcare benefits for eligible employees and retirees. With a mission to maintain and manage these assets, the Employee Health Trust plays a pivotal role in promoting the health and well-being of the MassMutual community.
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Impact
October, 2024
The Massachusetts Mutual Employee Health Benefit Trust plays a significant role in promoting the well-being of employees and retirees associated with MassMutual Life Insurance Company. By managing health plan assets, the Trust ensures that eligible individuals have access to essential medical, dental, and vision benefits.
This focus on comprehensive healthcare coverage not only enhances the quality of life for these employees and their families but also fosters a supportive workplace environment. By providing these benefits, the Trust helps to attract and retain talent, contributing to the overall success and stability of the organization. Additionally, the Trust supports employee health and wellness, which can lead to increased productivity and job satisfaction. Its impact extends beyond individual health, promoting a culture of mutual benefit within the organization.
This information is meant to be a general summary of Massachusetts Mutual Employee 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: $22,647
- Program Service Revenue: $115,219,622
- Gross Receipts: $115,242,269
Assets and Liabilities:
- Total Assets: $9,951,348
- Total Liabilities: $10,914,000
- Net Assets: -$962,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contribution
Revenue
$94,215,547
Employee contribution
Revenue
$21,004,075
Organization Details
Founding Year
1984
Phone
(860) 562-2153Main Address
1295 State Street F110, Springfield, MA, 011110001
NTEE Category
Code: Y40 - Mutual benefit
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