Overview
What is Sheet Metal Workers' Local 105 Health Reimbursement Plan?
Sheet Metal Workers' Local 105 Health Reimbursement Plan is a nonprofit organization based in San Jose, California. Its primary objective is to offer additional retirement and healthcare benefits to retirees of the plan and their dependents. This is achieved through the provision of supplemental retirement welfare payments and Individual Health Reimbursement Accounts (HRAs). These HRAs allow retirees to cover healthcare expenses not covered by their primary insurance, thereby augmenting their healthcare coverage. The organization's mission is to enhance the overall well-being of its retirees by providing them with financial support for their retirement and healthcare needs.
Is Sheet Metal Workers' Local 105 Health Reimbursement Plan legitimate?
Sheet Metal Workers' Local 105 Health Reimbursement Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers' Local 105 Health Reimbursement Plan 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.
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What is the mission statement of Sheet Metal Workers' Local 105 Health Reimbursement Plan?
The Sheet Metal Workers' Local 105 Health Reimbursement Plan is committed to offering supplemental retirement welfare payments and Individual Health Reimbursement Accounts. This initiative is designed to support retirees of the plan and their beneficiaries, providing them with additional financial resources for their retirement needs and healthcare expenses. The plan aims to enhance the lives of its retirees by offering these benefits, ensuring they can maintain their well-being during their post-employment years.
Who is the CEO of Sheet Metal Workers' Local 105 Health Reimbursement Plan?
Steve Hinson is the Principal Officer of Sheet Metal Workers' Local 105 Health Reimbursement Plan.
What is the revenue of Sheet Metal Workers' Local 105 Health Reimbursement Plan?
Sheet Metal Workers' Local 105 Health Reimbursement Plan's revenue in 2022 was $5,598,227.
Who are the executives of Sheet Metal Workers' Local 105 Health Reimbursement Plan and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Sheet Metal Workers' Local 105 Health Reimbursement Plan?
Sheet Metal Workers' Local 105 Health Reimbursement Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sheet Metal Workers' Local 105 Health Reimbursement Plan
The Sheet Metal Workers' Local 105 Health Reimbursement Plan is dedicated to delivering supplemental retirement welfare payments and Individual Health Reimbursement Accounts to retirees of the plan and their beneficiaries. This organization's mission is to ensure a level of financial security and healthcare support for its retirees, going beyond their primary retirement benefits. By offering Individual Health Reimbursement Accounts, the plan allows retirees to cover various healthcare expenses not typically covered by traditional retirement plans, thus enhancing their overall well-being.
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Impact
October, 2024
The Sheet Metal Workers' Local 105 Health Reimbursement Plan plays a significant role in enhancing the financial well-being of retirees and their beneficiaries. By providing supplemental retirement welfare payments, it helps bridge the gap between retirement income and living costs, offering crucial financial support during retirement years. Additionally, the Plan's establishment of Individual Health Reimbursement Accounts allows retirees to manage and reimburse qualified medical expenses, thus alleviating some of the financial burdens associated with healthcare.
This dual approach ensures that retirees not only receive monetary assistance but also have the means to address unexpected healthcare costs, which can be particularly high in retirement. As a result, beneficiaries can enjoy a more secure and healthier retirement, promoting overall quality of life and peace of mind for both the retirees and their families. The services offered by the Plan exemplify a commitment to supporting the health and welfare of its members in San Jose, CA, ultimately contributing to a stronger, supportive community.
This information is meant to be a general summary of Sheet Metal Workers' Local 105 Health Reimbursement Plan. 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: $320,021
- Program Service Revenue: $5,278,206
- Gross Receipts: $8,069,434
Assets and Liabilities:
- Total Assets: $10,630,219
- Total Liabilities: $1,155,443
- Net Assets: $9,474,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,278,206
Organization Details
Founding Year
1991
Phone
(408) 298-1170Principal Officer
Steve Hinson
Main Address
160 W SANTA CLARA STE 1550, SAN JOSE, CA, 95113
NTEE Category
Code: Y40 - Mutual benefit
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