Overview
What is Jennison Associates Llc Retiree Health Benefits Trust?
Jennison Associates Llc Retiree Health Benefits Trust is a nonprofit organization, located in New York City, specifically at 466 Lexington Ave 18th Floor. Its primary mission is to financially support retirement benefits for individuals who are part of Jennison Associates' Retiree Welfare Benefit Plan. The trust's assets are utilized to cover health insurance premiums for these retirees, as outlined in the health policies maintained by the Retiree Welfare Plan. In essence, the trust serves as a vital source of financial assistance for retirees' healthcare needs within the Jennison Associates' organization.
Is Jennison Associates Llc Retiree Health Benefits Trust legitimate?
Jennison Associates Llc Retiree Health Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Jennison Associates Llc Retiree Health Benefits 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 Jennison Associates Llc Retiree Health Benefits Trust?
The Jennison Associates Llc Retiree Health Benefits Trust is established with the primary objective of funding retiree benefits as outlined by the Jennison Associates Retiree Welfare Benefit Plan. These benefits primarily involve covering health insurance premiums for retired employees, utilizing the assets within the trust for this purpose. The trust adheres to the health policies maintained by the Jennison Associates Retiree Welfare Plan, ensuring continued healthcare support for its retirees.
Who is the CEO of Jennison Associates Llc Retiree Health Benefits Trust?
Janice Vrdoljak is the Chair, Jennison Associates Veba Investment Committ of Jennison Associates Llc Retiree Health Benefits Trust.
What is the revenue of Jennison Associates Llc Retiree Health Benefits Trust?
Jennison Associates Llc Retiree Health Benefits Trust's revenue in 2022 was $916,897.
Who are the executives of Jennison Associates Llc Retiree Health Benefits Trust and what are their salaries?
There 3 volunteers at Jennison Associates Llc Retiree Health Benefits Trust.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $16,154
- Other: $0
Where can I find the form 990 for Jennison Associates Llc Retiree Health Benefits Trust?
Jennison Associates Llc Retiree Health Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jennison Associates Llc Retiree Health Benefits Trust
Jennison Associates Llc Retiree Health Benefits Trust is an entity established with a singular purpose: to fund retiree benefits as outlined by the Jennison Associates Retiree Welfare Benefit Plan. The trust's assets serve as a financial backbone, contributing towards the payment of health insurance premiums for retirees under the health policies maintained by the aforementioned plan. By doing so, this trust ensures that retired employees of Jennison Associates continue to have access to essential medical coverage, thereby safeguarding their health and wellbeing in their post-employment phase.
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Impact
October, 2024
Jennison Associates LLC Retiree Health Benefits Trust plays a crucial role in ensuring that retirees have access to essential healthcare services. By funding health insurance premiums for retirees through the assets held within the trust, it directly supports their healthcare needs and enhances their quality of life after retirement. This financial assistance helps retirees manage the cost of health insurance, which can be a significant burden, especially as they age and may require more medical attention.
Furthermore, the trust reflects a commitment to the well-being of former employees, fostering a sense of security and stability among retirees. This support not only impacts the individuals receiving benefits but also contributes to the overall perception of the organization, demonstrating a commitment to its workforce even after they have departed. In essence, the trust serves as a vital resource for health-related financial relief for retirees, illustrating the organization's ongoing support for its retired employees.
This information is meant to be a general summary of Jennison Associates Llc Retiree Health Benefits 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: $79
- Program Service Revenue: $916,818
- Gross Receipts: $916,897
Assets and Liabilities:
- Total Assets: $43,442,176
- Total Liabilities: $0
- Net Assets: $43,442,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$916,818
Organization Details
Founding Year
2016
Phone
(212) 421-1000Principal Officer
Janice Vrdoljak
Main Address
466 LEXINGTON AVE 18TH FLOOR, NEW YORK, NY, 10017
NTEE Category
Code: Y43 - Mutual benefit
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