Rehmann Group Llc Employee Welfare Benefit Plan (Veba)

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

EIN: 263797869 ✦ Saginaw, MI ✦ Designated as a 501(c)(9)

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Overview

What is Rehmann Group Llc Employee Welfare Benefit Plan (Veba)?

Rehmann Group Llc Employee Welfare Benefit Plan (Veba) is a non-profit organization that offers health and welfare benefits to around 850 eligible employees, along with their families. Although the plan lacks a formal mission statement, its primary function is to provide essential health and wellness provisions to its members. The plan extends its benefits to spouses and dependents, ensuring comprehensive coverage for the entire eligible group.

Is Rehmann Group Llc Employee Welfare Benefit Plan (Veba) legitimate?

Rehmann Group Llc Employee Welfare Benefit Plan (Veba) is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rehmann Group Llc Employee Welfare Benefit Plan (Veba) 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 Rehmann Group Llc Employee Welfare Benefit Plan (Veba)?

The Rehmann Group Llc Employee Welfare Benefit Plan, often referred to as Veba, does not have a formal mission statement explicitly stated. However, its primary activity can be inferred as providing health and welfare benefits to its approximately 850 eligible employees, along with their spouses and dependents. The plan is committed to enhancing the well-being of its workforce, offering a range of benefits aimed at improving their overall quality of life.

Who is the CEO of Rehmann Group Llc Employee Welfare Benefit Plan (Veba)?

Joan E Payne is the Trustee of Rehmann Group Llc Employee Welfare Benefit Plan (Veba).

What is the revenue of Rehmann Group Llc Employee Welfare Benefit Plan (Veba)?

Rehmann Group Llc Employee Welfare Benefit Plan (Veba)'s revenue in 2022 was $8,586,634.

Who are the executives of Rehmann Group Llc Employee Welfare Benefit Plan (Veba) and what are their salaries?


Here are 2 key members and their salaries:


Randall R Rupp (Trustee)
  • Compensation: $2,108,800
  • Related: $0
  • Other: $0
Joan E Payne (Trustee)
  • Compensation: $247,692
  • Related: $0
  • Other: $13,343
Where can I find the form 990 for Rehmann Group Llc Employee Welfare Benefit Plan (Veba)?

Rehmann Group Llc Employee Welfare Benefit Plan (Veba)'s most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rehmann Group Llc Employee Welfare Benefit Plan (Veba)

Rehmann Group Llc Employee Welfare Benefit Plan, commonly known as Veba, is dedicated to providing health and welfare benefits to its eligible employees, as well as their spouses and dependents. This nonprofit organization does not have a formal mission statement specifically outlined, but its actions speak volumes about its commitment to the wellbeing of its workforce.

Through Veba, Rehmann Group LLC extends a range of health and welfare benefits to approximately 850 employees, ensuring they have access to essential services that support their overall wellbeing. By offering these benefits, the organization demonstrates a strong commitment to its employees' wellness, recognizing that a healthy workforce is vital to the success of the company as a whole.

In summary, Rehmann Group Llc Employee Welfare Benefit Plan (Veba) serves as a vital resource for its eligible employees, providing them with essential health and welfare benefits. Though it does not have a formal mission statement, its actions and dedication to the wellbeing of its employees clearly reflect a commitment to supporting its workforce.

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Impact




October, 2024

The Rehmann Group LLC Employee Welfare Benefit Plan (VEBA) significantly impacts the well-being of its eligible employees by providing essential health and welfare benefits. With a focus on approximately 850 employees and their families, the plan ensures access to healthcare resources that contribute to physical and financial security. This support fosters a healthier workforce, which can lead to improved productivity and job satisfaction.

By covering health-related expenses, the plan alleviates financial stress for employees and their dependents, thereby enhancing their overall quality of life. The benefits can include medical, dental, and possibly vision coverage, making it easier for employees to seek necessary medical care without the burden of high out-of-pocket costs. This comprehensive support plays a critical role in attracting and retaining talent within the organization, as employees often prioritize employers that provide robust health benefits.

Overall, the Rehmann Group LLC Employee Welfare Benefit Plan (VEBA) not only helps safeguard the health of employees and their families but also contributes to a positive organizational culture, ultimately benefiting both the employees and the employer.




This information is meant to be a general summary of Rehmann Group Llc Employee Welfare Benefit Plan (Veba). 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
$8,586,634 (2022)
Expenses
$8,377,722 (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: $8,586,634
  • Gross Receipts: $8,586,634

Assets and Liabilities:

  • Total Assets: $2,681,639
  • Total Liabilities: $472,103
  • Net Assets: $2,209,536

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$6,061,942

EMPLOYEE CONTRIBUTIONS

Revenue

$2,524,692

Organization Details

Founding Year

2008

Principal Officer

Joan E Payne

Main Address

5800 GRATIOT RD 201, SAGINAW, MI, 48638

NTEE Category

Code: Y43 - Mutual benefit

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