Overview
What is Trust For The Post Employment Health Plan For Public Employees - 4?
Trust for the Post Employment Health Plan for Public Employees - 4 is a nonprofit organization, specifically a trust, situated in Columbus, Ohio. Its primary purpose is to assist public sector employees who have concluded their service with their respective employers and are now eligible for benefits. The trust accumulates employer contributions for the reimbursement of eligible medical expenses, such as health insurance premiums, for these participants. In 2022, the medical insurance premiums paid on behalf of the eligible participants amounted to $1,002,984. The trust also manages administrative expenses, which were $86,614 for the Plan year. The trust's mission is to provide a solution for public employers to manage post-employment medical expenses, ensuring financial support for their employees.
Is Trust For The Post Employment Health Plan For Public Employees - 4 legitimate?
Trust For The Post Employment Health Plan For Public Employees - 4 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For Public Employees - 4 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 Trust For The Post Employment Health Plan For Public Employees - 4?
The Trust for the Post Employment Health Plan for Public Employees-4 has a mission to facilitate a solution for public sector employees from state and local governments, as well as their political subdivisions, in managing post-employment medical expenses. This is achieved by accumulating employer contributions, which are then utilized to cover eligible medical expenses such as health insurance, for individuals who have left their respective employment. The primary goal is to provide financial assistance in managing these expenses after retirement or job separation.
What is the revenue of Trust For The Post Employment Health Plan For Public Employees - 4?
Trust For The Post Employment Health Plan For Public Employees - 4's revenue in 2024 was $1,743,385.
Who are the executives of Trust For The Post Employment Health Plan For Public Employees - 4 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trust For The Post Employment Health Plan For Public Employees - 4?
Trust For The Post Employment Health Plan For Public Employees - 4's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Trust For The Post Employment Health Plan For Public Employees - 4
The Trust for the Post Employment Health Plan for Public Employees - 4 is an organization with a mission to assist public sector employees and their political subdivisions in managing post-employment medical expenses. The primary objective of this trust is to accumulate employer contributions, which are then utilized to cover health insurance and other eligible medical expenses for individuals who have parted ways with their respective employers. This initiative serves as a means for public employees to address the financial burdens associated with medical care following their retirement or departure from employment. By providing this service, the Trust for the Post Employment Health Plan for Public Employees - 4 aims to offer a supportive solution for the long-term medical needs of those who have served in the public sector.
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Impact
October, 2024
Trust For The Post Employment Health Plan For Public Employees - 4 significantly impacts public sector employees by providing a financial safety net for post-employment medical expenses. By reimbursing eligible medical costs for individuals who have terminated their service, the Trust alleviates the burden of healthcare expenses during retirement or career transitions. In 2022, the Trust reimbursed over $1 million in medical insurance premiums, ensuring that retired public employees can access necessary healthcare without facing substantial out-of-pocket costs.
Furthermore, the Trust's efficient management, with administrative expenses totaling $86,614 for the year, allows for the effective allocation of resources to support participants. This enables public employers and their political subdivisions to fulfill their commitment to employee welfare even after they leave their positions. By accumulating employer contributions for reimbursement, the Trust helps maintain financial stability for retirees, fostering a sense of security and well-being in their post-employment years. Overall, the Trust plays a vital role in supporting public sector employees and ensuring they have access to essential medical care after leaving the workforce.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For Public Employees - 4. 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 2024.
- Program Service Revenue: $1,743,385
- Gross Receipts: $1,743,385
Assets and Liabilities:
- Total Assets: $15,969,564
- Total Liabilities: $0
- Net Assets: $15,969,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,743,385
Organization Details
Founding Year
1997
Principal Officer
Paula Miller
NTEE Category
Code: Y44 - Mutual benefit
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