Overview
What is The Principal Trust For Post-Retirement Life Benefits For Employees?
The Principal Trust for Post-Retirement Life Benefits for Employees is a nonprofit organization that offers life insurance benefits to its members. This trust has a unique feature where it manages the investment income taxes for its members, ensuring financial efficiency. When a member passes away, the trust provides life insurance benefits either directly to the member or their designated beneficiaries. This organization's primary mission is to support its members in their post-retirement years, ensuring financial security and peace of mind.
Is The Principal Trust For Post-Retirement Life Benefits For Employees legitimate?
The Principal Trust For Post-Retirement Life Benefits For Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Principal Trust For Post-Retirement Life Benefits For Employees 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 The Principal Trust For Post-Retirement Life Benefits For Employees?
The Principal Trust for Post-Retirement Life Benefits for Employees is committed to providing life insurance benefits to its members. This is achieved through various programs, one of which involves handling the taxes on the investment income of the trust. Furthermore, the trust ensures that benefits are paid out to or for the members when necessary. In essence, the trust serves as a financial safety net for its members during their post-retirement years.
Who is the CEO of The Principal Trust For Post-Retirement Life Benefits For Employees?
Mark Konrad is the Investment Committee of The Principal Trust For Post-Retirement Life Benefits For Employees.
What is the revenue of The Principal Trust For Post-Retirement Life Benefits For Employees?
The Principal Trust For Post-Retirement Life Benefits For Employees's revenue in 2022 was $534,594.
Who are the executives of The Principal Trust For Post-Retirement Life Benefits For Employees and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for The Principal Trust For Post-Retirement Life Benefits For Employees?
The Principal Trust For Post-Retirement Life Benefits For Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Principal Trust For Post-Retirement Life Benefits For Employees
The Principal Trust for Post-Retirement Life Benefits for Employees is dedicated to providing life insurance benefits to its members. This nonprofit organization implements various programs that ensure the investment income taxes are paid on their behalf, and benefits are disbursed to the members or their designated recipients in the event of their demise. The mission of this trust is to safeguard the financial security of its members during their retirement years, offering them peace of mind and financial stability. The Principal Trust for Post-Retirement Life Benefits for Employees serves as a financial safety net for its members, ensuring they receive the necessary life insurance coverage they need, thereby providing a sense of security and financial protection.
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Impact
October, 2024
The Principal Trust For Post-Retirement Life Benefits For Employees significantly impacts its members by providing essential life insurance benefits that offer financial security during retirement. Through its structured programs, which include managing taxes on investment income, the trust ensures that benefits are effectively delivered to members or their beneficiaries. This approach not only alleviates financial stress for retired employees but also fosters a sense of stability, allowing them to focus on enjoying their retirement years. By prioritizing the well-being of its members, the trust plays a crucial role in enhancing the quality of post-retirement life for employees in Des Moines, IA, and beyond.
This information is meant to be a general summary of The Principal Trust For Post-Retirement Life Benefits For Employees. 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: $534,594
- Gross Receipts: $534,594
Assets and Liabilities:
- Total Assets: $11,103,557
- Total Liabilities: $42
- Net Assets: $11,103,515
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Organization Details
Founding Year
2011
Phone
(515) 878-6903Principal Officer
Mark Konrad
Main Address
711 High Street, Des Moines, IA, 50392
NTEE Category
Code: Y43 - Mutual benefit
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