Horst Group Employee Benefit Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232150630 ✦ Lancaster, PA ✦ Designated as a 501(c)(9)

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Overview

What is Horst Group Employee Benefit Trust?

Horst Group Employee Benefit Trust is a nonprofit organization, specifically an employee health and welfare plan, established to cater to the full-time employees of Horst Group Inc. With 214 active participants as of December 31, 2022, the trust provides comprehensive medical, short-term disability, prescription drug, flexible spending, and death benefits, covering a substantial portion of the company's workforce. The primary objective of this employee benefit plan is to enhance the well-being and health security of its employees.

Is Horst Group Employee Benefit Trust legitimate?

Horst Group Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Horst Group Employee 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

For more financial information, click here

What is the mission statement of Horst Group Employee Benefit Trust?

The Horst Group Employee Benefit Trust is dedicated to providing a comprehensive employee benefit plan. This plan encompasses various benefits such as medical coverage, short-term disability, prescription drug coverage, flexible spending, and death benefits. The primary aim is to extend these benefits to substantially all full-time employees of the Horst Group Inc., ensuring their health and welfare are well-catered to. As of the end of the plan year (December 31, 2022), there were 214 active participants in the plan.

Who is the CEO of Horst Group Employee Benefit Trust?

Randall L Horst is the Trustee of Horst Group Employee Benefit Trust.

What is the revenue of Horst Group Employee Benefit Trust?

Horst Group Employee Benefit Trust's revenue in 2022 was $5,275,347.

Who are the executives of Horst Group Employee Benefit Trust and what are their salaries?


Here are 2 key members and their salaries:


Randall L Horst (Trustee)
  • Compensation: $0
  • Related: $211,909
  • Other: $1,778
Michael Giordano (Trustee)
  • Compensation: $0
  • Related: $168,224
  • Other: $43,399
Where can I find the form 990 for Horst Group Employee Benefit Trust?

Horst Group Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Horst Group Employee Benefit Trust

The Horst Group Employee Benefit Trust is dedicated to providing a comprehensive employee benefit plan. Their mission is to offer a range of medical, short-term disability, prescription drug, flexible spending, and death benefits to substantially all full-time employees of the Horst Group Inc. This employee health and welfare plan is designed to support and safeguard the well-being of these employees, ensuring they have access to essential benefits during their employment. At the end of the plan year, there were 214 active participants participating in this employee benefit plan.

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Impact




October, 2024

The Horst Group Employee Benefit Trust significantly impacts the workforce by providing a comprehensive employee health and welfare plan for full-time employees of the Horst Group Inc. With 214 active participants as of the end of 2022, the Trust ensures that employees have access to essential health services, short-term disability support, prescription drug coverage, flexible spending options, and death benefits. This robust benefits structure not only enhances the overall well-being of employees but also fosters a supportive work environment, contributing to higher employee satisfaction and retention. By addressing critical health and welfare needs, the Trust plays a vital role in the overall productivity and morale of the workforce at the Horst Group, ultimately benefiting both the employees and the organization as a whole.




This information is meant to be a general summary of Horst Group Employee 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.

Revenue
$5,275,347 (2022)
Expenses
$5,211,646 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $5,275,347
  • Gross Receipts: $5,275,347

Assets and Liabilities:

  • Total Assets: $107,238
  • Total Liabilities: $0
  • Net Assets: $107,238

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$3,339,568

REINSURANCE REIMBURSEMENTS

Revenue

$1,035,018

PARTICIPANT CONTRIBUTIONS

Revenue

$673,267

OTHER INCOME

Revenue

$227,494

Organization Details

Founding Year

1980

Principal Officer

Randall L Horst

Main Address

320 GRANITE RUN DR PO BOX 3330, LANCASTER, PA, 176043330

NTEE Category

Code: Y40 - Mutual benefit

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