Overview
What is The Prudential Welfare Benefits Trust For Union Employees?
The Prudential Welfare Benefits Trust for Union Employees is a charitable entity based in Newark, New Jersey. Its primary mission is to finance medical, dental, disability, and various other welfare benefits for participants and their dependents enrolled in the Prudential Retiree Welfare Benefits Plan. This trust serves as a financial backbone, ensuring these essential benefits are distributed as needed. The trust's activities are centered around funding these benefits, thereby contributing to the well-being of the involved individuals.
Is The Prudential Welfare Benefits Trust For Union Employees legitimate?
The Prudential Welfare Benefits Trust For Union Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Prudential Welfare Benefits Trust For Union Employees 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 The Prudential Welfare Benefits Trust For Union Employees?
The Prudential Welfare Benefits Trust for Union Employees is established with the purpose of funding various welfare benefits, including medical, dental, disability, and other related benefits for participating union employees and their dependents, within the Prudential Retiree Welfare Benefit Plan. The trust's objective is to make these benefits payable to the participants and their dependents, ensuring their financial security during times of need. Payments are made to insurance carriers and contract administrators to facilitate these benefits. In essence, the trust aims to provide essential support for the well-being of union employees and their families.
Who is the CEO of The Prudential Welfare Benefits Trust For Union Employees?
Prudential Trust Co is the Principal Officer of The Prudential Welfare Benefits Trust For Union Employees.
What is the revenue of The Prudential Welfare Benefits Trust For Union Employees?
The Prudential Welfare Benefits Trust For Union Employees's revenue in 2022 was $279,226.
Who are the executives of The Prudential Welfare Benefits Trust For Union Employees and what are their salaries?
There 3 volunteers at The Prudential Welfare Benefits Trust For Union Employees.
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Prudential Welfare Benefits Trust For Union Employees?
The Prudential Welfare Benefits Trust For Union Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Prudential Welfare Benefits Trust For Union Employees
The Prudential Welfare Benefits Trust for Union Employees is a organization with a mission to fund various welfare benefits for participating union employees and their dependents. Specifically, it supports medical, dental, disability, and other welfare benefits payable to these individuals under the Prudential Retiree Welfare Benefit Plan. The trust makes payments to insurance carriers and contract administrators to ensure these benefits are provided to the eligible participants. In essence, its purpose is to enhance the well-being of union employees by providing essential healthcare and financial support through the aforementioned benefits.
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Impact
October, 2024
The Prudential Welfare Benefits Trust for Union Employees plays a vital role in ensuring that union participants and their dependents receive essential medical, dental, disability, and other welfare benefits. By funding these benefits, the Trust enables access to necessary healthcare services, which significantly impacts the well-being and financial security of its members.
This trust effectively manages payments to insurance carriers and contract administrators, streamlining the process of benefit distribution. This organization not only fosters a safety net for union employees but also enhances overall workforce morale, encouraging a more productive and stable working environment.
Moreover, the Trust's initiatives contribute to healthier communities by providing necessary support during times of medical need, thereby reducing the financial burden on families. In summary, the Prudential Welfare Benefits Trust for Union Employees significantly influences the quality of life for union members and their families through comprehensive welfare support.
This information is meant to be a general summary of The Prudential Welfare Benefits Trust For Union Employees. 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: $279,226
- Gross Receipts: $29,843,567
Assets and Liabilities:
- Total Assets: $83,203,272
- Total Liabilities: $0
- Net Assets: $83,203,272
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Organization Details
Founding Year
2001
Phone
(973) 802-4137Principal Officer
Prudential Trust Co
Main Address
751 BROAD STREET 18TH FLOOR, NEWARK, NJ, 07102
NTEE Category
Code: Y43 - Mutual benefit
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