Overview
What is Mechanical Devices Employee Health Care Plan Trust?
Mechanical Devices Employee Health Care Plan Trust is a nonprofit organization, specifically a trust, located in Bloomington, Illinois. Its primary mission is to offer healthcare benefits to employees of the Mechanical Devices Company. The trust has transitioned from a self-insured plan to a fully insured one, and as of January 2020, all plan funds have been distributed. The trust serves as a vital resource for the company's employees, providing them with essential health coverage.
Is Mechanical Devices Employee Health Care Plan Trust legitimate?
Mechanical Devices Employee Health Care Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mechanical Devices Employee 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 Mechanical Devices Employee Health Care Plan Trust?
The Mechanical Devices Employee Health Care Plan Trust's mission is centered around providing healthcare benefits to the employees of the Mechanical Devices Company. It aims to ensure the well-being of its participants by covering their life and health needs. The trust has transitioned from a self-insured plan to a fully insured one, concluding all plan-related payments by January 2020. The trust's primary objective remains to cater to the healthcare needs of its employees, providing them with essential coverage and benefits.
Who is the CEO of Mechanical Devices Employee Health Care Plan Trust?
Mechanical Devices Compan is the Principal Officer of Mechanical Devices Employee Health Care Plan Trust.
What is the revenue of Mechanical Devices Employee Health Care Plan Trust?
Mechanical Devices Employee Health Care Plan Trust's revenue in 2020 was $149,025.
Who are the executives of Mechanical Devices Employee Health Care Plan Trust 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 Mechanical Devices Employee Health Care Plan Trust?
Mechanical Devices Employee Health Care Plan Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Mechanical Devices Employee Health Care Plan Trust
The Mechanical Devices Employee Health Care Plan Trust, in essence, is committed to providing healthcare benefits for the employees of the Mechanical Devices Company. This mission is carried out by ensuring the payment of life and health benefits for its participants. Notably, this trust underwent a transformation, shifting from a self-insured plan to a fully insured one. As a result, it filed its final return, signifying that all plan dollars had been paid out by January 2020.
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Impact
October, 2024
The Mechanical Devices Employee Health Care Plan Trust significantly enhances the well-being of employees at Mechanical Devices Company by providing essential healthcare benefits. By ensuring access to life and health benefits, the trust plays a vital role in promoting overall employee health and security. Transitioning from a self-insured plan to a fully insured plan has streamlined operations, allowing participants to receive consistent and reliable healthcare coverage. This change not only simplifies claims processing but also protects employees from the financial risks associated with unexpected medical expenses. Overall, the trust's impact contributes to a healthier and more financially secure workforce, fostering a positive workplace environment in Bloomington, IL.
This information is meant to be a general summary of Mechanical Devices Employee 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 2020.
- Investment Income: $19
- Program Service Revenue: $149,006
- Gross Receipts: $149,025
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$145,011
EMPLOYEE CONTRIBUTIONS
Revenue
$3,143
COBRA CONTRIBUTIONS
Revenue
$852
Organization Details
Founding Year
1989
Phone
(309) 663-2843Principal Officer
Mechanical Devices Compan
Main Address
2005 GE ROAD, BLOOMINGTON, IL, 61704
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