Overview
What is Iowa Bankers Benefit Plan?
The Iowa Bankers Benefit Plan is a nonprofit organization headquartered at 8901 Northpark Drive, PO Box 6200, Johnston, IA, 50131. They focus on delivering health and welfare benefits to the employees of participating employers. Established as the IBBP Trust, this organization offers group health insurance, group life insurance, and both long-term and short-term disability insurance coverage, ensuring substantial employee coverage from participating employers.
Is Iowa Bankers Benefit Plan legitimate?
Iowa Bankers Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iowa Bankers Benefit 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.
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What is the mission statement of Iowa Bankers Benefit Plan?
The Iowa Bankers Benefit Plan (IBBP) serves the purpose of extending health and welfare benefits to the employees of enrolled employers. Established as a trust, IBBP offers group health insurance, group life insurance, and short-term and long-term disability insurance coverage to a substantial workforce. In essence, IBBP is dedicated to ensuring the well-being of employees by providing essential insurance coverage.
Who is the CEO of Iowa Bankers Benefit Plan?
Chad J Ellsworth is the Chairman of Iowa Bankers Benefit Plan.
What is the revenue of Iowa Bankers Benefit Plan?
Iowa Bankers Benefit Plan's revenue in 2022 was $171,317,668.
Who are the executives of Iowa Bankers Benefit Plan and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Iowa Bankers Benefit Plan?
Iowa Bankers Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iowa Bankers Benefit Plan
The Iowa Bankers Benefit Plan, or IBBP, is a mission-driven organization established to cater to the health and welfare needs of the employees working for participating employers. By offering group health insurance, group life insurance, and both long-term and short-term disability coverage, IBBP ensures that a substantial number of employees have access to essential benefits.
In simple terms, the IBBP Trust was created to extend vital insurance services to a significant portion of the workforce in various participating businesses. This initiative positively impacts both the employers and their employees by providing them with peace of mind, knowing that they are shielded from financial burdens related to health concerns and unforeseen disabilities.
Employees reap the benefits of IBBP's comprehensive coverage, which enables them to focus on their well-being and professional growth, while employers experience the advantages of attracting and retaining a healthy and engaged workforce. The provision of these benefits not only strengthens the employer-employee relationship but also reinforces the stability and success of the businesses involved.
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Impact
October, 2024
The Iowa Bankers Benefit Plan (IBBP) significantly enhances the well-being of employees by offering comprehensive health and welfare benefits. By providing group health insurance, life insurance, and both long-term and short-term disability coverage, IBBP ensures that employees of participating employers have access to essential health services and financial security in times of need. This benefit structure not only safeguards the health of employees but also fosters a more stable and productive workforce.
With its mission centered around providing these critical benefits, IBBP plays a vital role in the financial services sector by reinforcing employees' well-being and morale. Participating employers can attract and retain talent by offering these robust benefits, which in turn contributes to a stronger, more resilient banking community in Iowa. The availability of such comprehensive coverage positively impacts employee satisfaction and productivity, leading to better outcomes for both employees and their employers.
This information is meant to be a general summary of Iowa Bankers Benefit 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 2022.
- Investment Income: $1,215,886
- Program Service Revenue: $170,101,782
- Gross Receipts: $184,162,841
Assets and Liabilities:
- Total Assets: $80,558,458
- Total Liabilities: $25,702,455
- Net Assets: $54,856,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premium Contributions
Revenue
$170,101,782
Organization Details
Founding Year
1978
Phone
(515) 286-4300Principal Officer
Chad J Ellsworth
Main Address
8901 Northpark Drive PO Box 6200, Johnston, IA, 501316200
NTEE Category
Code: Y40 - Mutual benefit
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