Overview
What is Fulton Financial Corp Employee Benefit Trust?
Fulton Financial Corp Employee Benefit Trust is a welfare benefit plan that covers significantly all eligible employees of Fulton Financial Corporation and its subsidiaries. Located in Lancaster, Pennsylvania, this nonprofit organization, as stated in the provided information, is governed by the Employee Retirement Income Security Act of 1974 (ERISA). The plan offers various benefits for its employees, such as medical, vision, dental, prescription drug coverage, flexible spending accounts, life benefits, disability benefits, an employee assistance program, and a wellness program. These benefits are accessible to full and part-time employees of the Corporation who work at least 30 hours per week and their dependents, starting from the first of the month following 30 days of employment. The Fulton Financial Corporation Employee Benefit Plan is dedicated to providing health and welfare benefits to eligible employees.
Is Fulton Financial Corp Employee Benefit Trust legitimate?
Fulton Financial Corp Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Fulton Financial Corp 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
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What is the mission statement of Fulton Financial Corp Employee Benefit Trust?
The Fulton Financial Corp Employee Benefit Trust serves as a comprehensive health and welfare program, catering to eligible employees of Fulton Financial Corporation and its subsidiaries. The primary objective is to offer medical, vision, dental, prescription drug benefits, flexible spending accounts, and various types of insurance coverage, including life and disability benefits. Additionally, the trust provides an Employee Assistance Program and a Wellness Program, extending coverage to the dependents of all full and part-time employees working a minimum of 30 hours per week. The trust operates under the Employee Retirement Income Security Act of 1974 (ERISA) and aims to ensure the well-being and protection of its beneficiaries.
Who is the CEO of Fulton Financial Corp Employee Benefit Trust?
Elli Miller is the Trustee of Fulton Financial Corp Employee Benefit Trust.
What is the revenue of Fulton Financial Corp Employee Benefit Trust?
Fulton Financial Corp Employee Benefit Trust's revenue in 2022 was $36,900,146.
Who are the executives of Fulton Financial Corp Employee 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 Fulton Financial Corp Employee Benefit Trust?
Fulton Financial Corp Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fulton Financial Corp Employee Benefit Trust
The Fulton Financial Corp Employee Benefit Trust is a crucial aspect of Fulton Financial Corporation, dedicated to enhancing the well-being of its eligible employees. This employee welfare benefit plan offers a comprehensive range of health and welfare benefits to employees and their dependents. With coverage substantially extending to all full and part-time employees of Fulton Financial Corporation and its subsidiaries, working a minimum of 30 hours per week, this plan is regulated under the Employee Retirement Income Security Act of 1974 (ERISA).
The plan meticulously caters to various facets of employees' wellness. It provides essential medical, vision, dental, and prescription drug benefits to ensure their overall health is addressed. Additionally, it includes flexible spending accounts, which offer employees the convenience of setting aside funds for out-of-pocket healthcare expenses. Furthermore, the plan extends beyond health benefits, encompassing life benefits, disability benefits, an Employee Assistance Program, and a Wellness Program.
The Employee Assistance Program serves as a valuable resource for employees dealing with personal or work-related challenges. It offers confidential counseling and support services to help them navigate through difficult situations. Meanwhile, the Wellness Program encourages and facilitates the adoption and maintenance of healthy lifestyle choices, fostering overall wellness and productivity among employees.
In summary, the Fulton Financial Corp Employee Benefit Trust is an indispensable component of Fulton Financial Corporation, dedicated to the health and welfare of its employees. By providing a comprehensive range of benefits, it promotes the well-being and productivity of its workforce, ensuring they are well-equipped to excel in their roles.
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Impact
October, 2024
Fulton Financial Corp Employee Benefit Trust significantly impacts its workforce by providing a comprehensive range of health and welfare benefits to eligible employees of Fulton Financial Corporation and its subsidiaries. The plan covers a broad spectrum of essential services, including medical, vision, dental, and prescription drug benefits, ensuring that employees have access to crucial healthcare resources.
Additionally, the plan offers flexible spending accounts, which empower employees to manage their healthcare expenses more effectively. The inclusion of life and disability benefits provides financial security for employees and their families in times of need. The Employee Assistance Program supports employees' mental and emotional well-being, while the wellness program encourages a healthy lifestyle among participants.
Overall, the employee benefit plan enhances job satisfaction and retention by addressing the diverse needs of both full-time and part-time employees scheduled to work at least 30 hours per week and their dependents. This holistic approach to employee welfare not only fosters a supportive work environment but also contributes to the company's productivity and morale, ultimately benefiting the organization as a whole.
This information is meant to be a general summary of Fulton Financial Corp 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,726
- Program Service Revenue: $36,875,420
- Gross Receipts: $36,900,146
Assets and Liabilities:
- Total Assets: $1,074,384
- Total Liabilities: $0
- Net Assets: $1,074,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$27,980,375
EMPLOYEE CONTRIBUTIONS
Revenue
$8,597,734
COBRA REIMBURSEMENTS
Revenue
$294,883
RETIREE CONTRIBUTIONS
Revenue
$2,428
Organization Details
Founding Year
1981
Phone
(717) 291-2123Principal Officer
Elli Miller
Main Address
ONE PENN SQUARE PO BOX 4887, LANCASTER, PA, 17604
NTEE Category
Code: Y40 - Mutual benefit
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