Overview
What is Wausau Paper Corp Non Union Retiree Health Care Savings Plan?
The Wausau Paper Corp Non Union Retiree Health Care Savings Plan is a well-structured health care savings plan established for the benefit of its participants. Based in Philadelphia, Pennsylvania, this plan allows individuals to set aside funds during their working years and utilize them post-retirement to cover retiree health plan premiums. Contributions and investment income are managed within the trust, while expenses primarily cover benefits paid out from the trust. This plan serves as a crucial financial safety net for retirees, helping them maintain their health care coverage during their golden years.
Is Wausau Paper Corp Non Union Retiree Health Care Savings Plan legitimate?
Wausau Paper Corp Non Union Retiree Health Care Savings Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wausau Paper Corp Non Union Retiree Health Care Savings 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.
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 Wausau Paper Corp Non Union Retiree Health Care Savings Plan?
The Wausau Paper Corp Non Union Retiree Health Care Savings Plan is designed with a mission to allow participants to save money during their working years. This saved money can be utilized after retirement to cover the costs associated with retiree health plan premiums. The plan involves contributions from participants and generates income through investments. The primary function of the plan is to provide financial support for retirees' health care expenses.
What is the revenue of Wausau Paper Corp Non Union Retiree Health Care Savings Plan?
Wausau Paper Corp Non Union Retiree Health Care Savings Plan's revenue in 2021 was $448,645.
Who are the executives of Wausau Paper Corp Non Union Retiree Health Care Savings Plan 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 Wausau Paper Corp Non Union Retiree Health Care Savings Plan?
Wausau Paper Corp Non Union Retiree Health Care Savings Plan's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Wausau Paper Corp Non Union Retiree Health Care Savings Plan
The Wausau Paper Corp Non Union Retiree Health Care Savings Plan is a mission-driven initiative designed to enable participants to put aside funds during their working years. This plan serves a crucial purpose by allowing individuals to utilize the accumulated savings post-retirement, specifically to cover the costs associated with retiree health plan premiums. The plan operates on the principle of setting aside participant contributions and earning investment income, which are then utilized to pay for retiree healthcare expenses. The expenses covered by the trust established for the plan include the premiums for the retiree health plan.
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Impact
October, 2024
The Wausau Paper Corp Non Union Retiree Health Care Savings Plan enables participants to accumulate funds specifically for retiree health plan premiums. This health care savings plan allows individuals to contribute money and earn investment income within a trust, which is then used to cover expenses associated with retiree health care. By facilitating a dedicated savings mechanism, the plan significantly impacts retirees by providing financial resources for health-related expenses in their post-employment years. This approach not only aids retirees in managing healthcare costs but also promotes financial security in retirement. Additionally, the plan's structure allows participants to have greater control over their healthcare spending after they leave the workforce, contributing to overall well-being and peace of mind during retirement.
This information is meant to be a general summary of Wausau Paper Corp Non Union Retiree Health Care Savings 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 2021.
- Investment Income: $448,645
- Gross Receipts: $876,097
Assets and Liabilities:
- Total Assets: $2,258,859
- Total Liabilities: $0
- Net Assets: $2,258,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participant Contributions
Organization Details
Founding Year
2002
NTEE Category
Code: Y43 - Mutual benefit
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