Overview
What is Plan A Health Care Plan Trust?
Plan A Health Care Plan Trust is a self-funded benefit program, established to provide medical, short-term disability, and death benefits for eligible employees and their dependents. The trust, headquartered in Galesburg, Illinois, is a collaborative effort between various sponsors, including Community Living Options, Inc., Frances House, Inc., and others. Funding for this program comes from the employers and participants within the plan. The plan assets are held in a Voluntary Employees' Benefits Association (VEBA) trust, subject to the Employee Retirement Income Security Act of 1974 (ERISA). The trust aims to support the well-being of its participants by offering essential healthcare benefits during their employment and in the event of unfortunate events such as disability or death.
Is Plan A Health Care Plan Trust legitimate?
Plan A Health Care Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Plan A Health Care 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
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What is the mission statement of Plan A Health Care Plan Trust?
Plan A Health Care Plan Trust's mission is to offer medical, short-term disability, and death benefits to eligible employees and their dependents. This self-funded benefit program is supported by the employers and participants within the plan. The participants in the plan are current and former employees of various sponsoring organizations. The plan's assets are managed in a Voluntary Employees' Benefit Association (VEBA) trust and are subject to the regulations of the Employee Retirement Income Security Act of 1974 (ERISA). The trust aims to provide financial support during times of medical needs, disability, or loss of life, ensuring a level of security for its beneficiaries.
Who is the CEO of Plan A Health Care Plan Trust?
Ronald Wilson is the Trustee of Plan A Health Care Plan Trust.
What is the revenue of Plan A Health Care Plan Trust?
Plan A Health Care Plan Trust's revenue in 2022 was $7,793,117.
Who are the executives of Plan A Health Care Plan Trust and what are their salaries?
There 1 volunteer at Plan A Health Care Plan Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plan A Health Care Plan Trust?
Plan A Health Care Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plan A Health Care Plan Trust
Plan A Health Care Plan Trust is committed to providing medical, short-term disability, and death benefits for eligible employees and their dependents. This organization serves as a self-insured benefit program, funded jointly by employers and participants within the plan. Participants in this plan include current and former employees of various sponsoring organizations, such as Community Living Options, Inc., Frances House, Inc., and others. The assets of this plan are held in a Voluntary Employees' Benefits Association (VEBA) trust and are subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), ensuring the plan's compliance and security. In essence, Plan A Health Care Plan Trust is an employee-funded benefit program that provides essential medical, disability, and life insurance coverage to its participating members.
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Impact
October, 2024
Plan A Health Care Plan Trust significantly impacts eligible employees and their dependents by providing essential medical, short-term disability, and death benefits. This initiative supports not only the well-being of current and former employees from various sponsoring organizations but also offers financial security in times of need. By enabling participants to voluntarily join the plan, it fosters a mutual aid environment where employees can rely on each other for comprehensive coverage.
The trust is self-insured and funded by employers and participants, ensuring that resources are allocated effectively to meet the healthcare and financial needs of its members. It promotes a sense of community among the sponsoring organizations, which include Community Living Options, Inc., Frances House, Inc., and others. With its assets held in a Voluntary Employees' Benefit Association (VEBA) trust and adherence to the Employee Retirement Income Security Act (ERISA), Plan A demonstrates a commitment to responsible management and transparency.
Overall, Plan A Health Care Plan Trust plays a crucial role in enhancing the quality of life for participants by mitigating financial burdens associated with medical expenses, providing short-term disability support, and ensuring dignity in end-of-life situations through death benefits.
This information is meant to be a general summary of Plan A Health Care 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: $4,833
- Program Service Revenue: $7,788,284
- Gross Receipts: $7,793,117
Assets and Liabilities:
- Total Assets: $4,134,120
- Total Liabilities: $1,083,158
- Net Assets: $3,050,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$7,788,284
Organization Details
Founding Year
2019
Phone
(309) 343-1550Principal Officer
Ronald Wilson
Main Address
285 S FARNHAM ST, GALESBURG, IL, 61401
NTEE Category
Code: Y43 - Mutual benefit
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