Overview
What is Rfms Inc Medical Benefit Plan Trust?
Rfms Inc Medical Benefit Plan Trust is a self-funded benefit program, established to provide medical, short-term disability, and death benefits to eligible employees and their dependents. This nonprofit organization, situated in Galesburg, Illinois, is funded jointly by the employers and participants within the plan. The plan sponsors include various entities such as RFMS, Inc., LTC Support Services, LLC, and others. The plan assets are safely held in a Voluntary Employees' Benefit Association (VEBA) trust, ensuring secure financial management. The plan operates under the Employee Retirement Income Security Act of 1974 (ERISA), ensuring compliance with relevant regulations.
Is Rfms Inc Medical Benefit Plan Trust legitimate?
Rfms Inc Medical Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rfms Inc Medical Benefit Plan 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
For more financial information, click here
What is the mission statement of Rfms Inc Medical Benefit Plan Trust?
The Rfms Inc Medical Benefit Plan Trust is established with the mission to provide medical, short-term disability, and death benefits for eligible employees and their dependents. This self-funded benefit program is supported by contributions from the employers and participants within the plan. The participants include current and former employees of various sponsors, such as Rfms, Inc., Ltc Support Services, LLC, and others. The plan assets are held in a Voluntary Employees' Benefits Association (VEBA) Trust and are subject to the Employee Retirement Income Security Act of 1974 (ERISA), ensuring regulatory compliance.
Who is the CEO of Rfms Inc Medical Benefit Plan Trust?
Ronald Wilson is the Trustee of Rfms Inc Medical Benefit Plan Trust.
What is the revenue of Rfms Inc Medical Benefit Plan Trust?
Rfms Inc Medical Benefit Plan Trust's revenue in 2022 was $9,137.
Who are the executives of Rfms Inc Medical Benefit Plan Trust and what are their salaries?
There 2 volunteers at Rfms Inc Medical Benefit Plan Trust.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rfms Inc Medical Benefit Plan Trust?
Rfms Inc Medical Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rfms Inc Medical Benefit Plan Trust
Rfms Inc Medical Benefit Plan Trust, a self-insured benefit program, is dedicated to providing medical, short-term disability, and death benefits to eligible employees and their dependents. The plan is funded collaboratively by the employers and participants within the trust. The participants in this plan are current and former employees of various sponsors, including RFMS, Inc., LTC Support Services, LLC, and others. The assets of this plan are held in a Voluntary Employees' Benefit Association (VEBA) trust, and it is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended. The trust aims to offer a safety net of benefits to its participants, ensuring their well-being during times of medical or financial need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rfms Inc Medical Benefit Plan Trust plays a crucial role in ensuring the health and well-being of employees and their dependents by providing essential medical, short-term disability, and death benefits. This self-insured benefit program is specifically designed for eligible participants who voluntarily choose to be part of the plan, helping to mitigate the financial risks associated with medical emergencies and other unforeseen circumstances.
The impact of this plan extends beyond just financial support; it fosters a sense of security and peace of mind among current and former employees of various sponsoring organizations. By addressing critical health-related expenses and offering disability benefits, the trust enhances employee satisfaction and retention, contributing positively to workplace morale.
Moreover, with assets held in a Voluntary Employees' Benefit Association (VEBA) trust and operating under the provisions of the Employee Retirement Income Security Act (ERISA), the plan exemplifies responsible management and adherence to regulatory standards, further reinforcing trust and reliability among participants. As the plan moves towards termination, its ongoing contributions to the well-being of employees and their families remain significant, highlighting the importance of providing robust employee benefits in today’s workplace environment.
This information is meant to be a general summary of Rfms Inc Medical Benefit Plan 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: $9,137
- Gross Receipts: $9,137
Assets and Liabilities:
- Total Assets: $3,688,351
- Total Liabilities: $3,688,351
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Phone
(309) 343-1550Principal Officer
Ronald Wilson
Main Address
285 SOUTH FARNHAM STREET, GALESBURG, IL, 61401
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Rfms Inc Medical Benefit Plan Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.