Overview
What is L & M Companies Employee Benefit Trust?
L & M Companies Employee Benefit Trust is a nonprofit organization that offers specified health care, dental, disability, life, and travel insurance benefits to eligible employees of L&M Companies, Inc., L&M Farms, Inc., L&M Warehouse & Packing, Inc., L&M Farms of Colorado, LLC, and L&M Transportation Services, Inc., as well as their spouses and dependent(s). Established as a defined contribution health and welfare benefit plan, this organization aims to enhance the well-being of its covered workforce by providing essential insurance coverage. Based in Raleigh, North Carolina, the Trust plays a crucial role in safeguarding the health and financial security of its employees.
Is L & M Companies Employee Benefit Trust legitimate?
L & M Companies Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. L & M Companies Employee Benefit 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: $9,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of L & M Companies Employee Benefit Trust?
The L & M Companies Employee Benefit Trust is a defined contribution health and welfare plan established to provide specified health care, dental, disability, life, and travel insurance benefits to eligible employees of L&M Companies, Inc., L&M Farms, Inc., L&M Warehouse & Packing, Inc., L&M Farms of Colorado, LLC, and L&M Transportation Services, Inc., as well as their spouses and/or dependent(s). Its primary mission is to offer these comprehensive benefits to enhance the well-being and security of the employees under its purview. The plan aims to ensure that eligible employees have access to essential health care, dental coverage, disability protection, life insurance, and travel insurance, thereby providing them with peace of mind and improved overall quality of life.
Who is the CEO of L & M Companies Employee Benefit Trust?
Matt Dellasega is the Principal Officer of L & M Companies Employee Benefit Trust.
What is the revenue of L & M Companies Employee Benefit Trust?
L & M Companies Employee Benefit Trust's revenue in 2022 was $2,717,214.
Who are the executives of L & M Companies Employee Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $9,038
- Related: $0
- Other: $0
Where can I find the form 990 for L & M Companies Employee Benefit Trust?
L & M Companies Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of L & M Companies Employee Benefit Trust
L&M Companies Employee Benefit Trust is a defined contribution health and welfare benefit plan that serves a crucial role in providing various insurance benefits to eligible employees of several affiliated companies. Established with the aim of offering specified health care, dental, disability, life, and travel insurance coverage, this trust ensures the well-being of its beneficiaries. The plan extends its benefits not only to the employees but also to their spouses and dependent children, thereby providing a comprehensive safety net for the entire family. By offering this range of insurance services, L&M Companies Employee Benefit Trust plays an essential role in safeguarding the financial and health security of its beneficiaries, demonstrating a strong commitment to the welfare of its employees.
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Impact
October, 2024
L & M Companies Employee Benefit Trust significantly enhances the well-being of eligible employees and their families by offering a comprehensive range of health and welfare benefits. This defined contribution plan ensures access to essential services, including health care, dental, disability, life, and travel insurance.
By providing these benefits, the trust contributes to the financial security and peace of mind of employees working at L&M Companies, Inc., L&M Farms, Inc., L&M Warehouse & Packing, Inc., L&M Farms of Colorado, LLC, and L&M Transportation Services, Inc. This support not only helps employees manage their health and unexpected events but also fosters a more engaged and loyal workforce.
Additionally, the availability of such benefits encourages a positive workplace culture, promoting both retention and recruitment of skilled employees. Overall, the trust plays a critical role in enhancing the quality of life for its members, allowing them to focus on their work with the confidence that their health and personal well-being are well-supported.
This information is meant to be a general summary of L & M Companies Employee Benefit 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: $14,236
- Program Service Revenue: $2,702,966
- Gross Receipts: $2,717,214
Assets and Liabilities:
- Total Assets: $1,328,694
- Total Liabilities: $82,000
- Net Assets: $1,246,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$2,702,966
Organization Details
Founding Year
2013
Phone
(919) 716-2669Principal Officer
Matt Dellasega
Main Address
PO BOX 29522, RALEIGH, NC, 27626
NTEE Category
Code: Y43 - Mutual benefit
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