Overview
What is Builders Of Michigan Health Benefit Trust Welfare Benefit Plan?
Builders of Michigan Health Benefit Trust Welfare Benefit Plan is a nonprofit organization based in Lansing, Michigan. Their primary mission is to create and manage an employee welfare benefit plan, funded jointly by participating employers and employees. This plan aims to provide benefits for the employees and their beneficiaries. The organization serves as a distinct legal entity, enabling contributions for the sole purpose of administering the welfare benefit plan, covering reasonable expenses associated with its administration.
Is Builders Of Michigan Health Benefit Trust Welfare Benefit Plan legitimate?
Builders Of Michigan Health Benefit Trust Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Builders Of Michigan Health Benefit Trust Welfare 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan?
The Builders of Michigan Health Benefit Trust Welfare Benefit Plan is established with the aim of serving as a distinct legal entity. Contributions are made by participating employers and employees into this fund, primarily for the purpose of creating and managing an employee welfare benefit plan. This plan is intended for the benefit of the participating employees and their beneficiaries, and funds are utilized to cover administrative expenses associated with the plan.
Who is the CEO of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan?
David Mollitor Jr is the Director of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan.
What is the revenue of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan?
Builders Of Michigan Health Benefit Trust Welfare Benefit Plan's revenue in 2022 was $845,588.
Who are the executives of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan and what are their salaries?
There 6 volunteers at Builders Of Michigan Health Benefit Trust Welfare Benefit Plan.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Builders Of Michigan Health Benefit Trust Welfare Benefit Plan?
Builders Of Michigan Health Benefit Trust Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Builders Of Michigan Health Benefit Trust Welfare Benefit Plan
Builders of Michigan Health Benefit Trust Welfare Benefit Plan is established with a mission to provide a distinct legal entity for contributing funds. This entity, known as the ABC-HBA of Michigan Health Trust Fund, serves as a platform for participating employers and employees to contribute monies. The primary purpose of this contribution is to create and administer an employee welfare benefit plan, or plans, designed to benefit participating employees and their beneficiaries. Reasonable expenses associated with the administration of this plan are also covered by the fund. In essence, Builders of Michigan Health Benefit Trust Welfare Benefit Plan aims to facilitate the creation and management of comprehensive employee welfare benefits, ensuring financial security and support for the employees and their families.
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Impact
October, 2024
The Builders Of Michigan Health Benefit Trust Welfare Benefit Plan has a significant impact on the health and well-being of participating employees and their beneficiaries. By creating and administering a structured employee welfare benefit plan, this initiative provides crucial health benefits funded through contributions from both employers and employees.
The program ensures that workers have access to essential health services, which can improve overall job satisfaction and morale, reduce absenteeism, and foster a healthier workforce. By offering comprehensive benefits, it also helps in attracting and retaining talent within the construction and building industry in Michigan.
Moreover, the plan serves as a distinct legal entity that streamlines the management of health benefits, ensuring transparency and accountability in the allocation of resources for employee welfare. This structured approach also means that administrative costs are managed efficiently, allowing more funds to be directed towards the actual benefits that employees receive. Overall, the Builders Of Michigan Health Benefit Trust Welfare Benefit Plan plays a vital role in enhancing the quality of life for its participants while also supporting the workforce's economic stability in the region.
This information is meant to be a general summary of Builders Of Michigan Health Benefit Trust Welfare 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: $78
- Program Service Revenue: $845,510
- Gross Receipts: $845,588
Assets and Liabilities:
- Total Assets: $199,310
- Total Liabilities: $0
- Net Assets: $199,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$840,512
COMMISSION REVENUE
Revenue
$4,998
Organization Details
Founding Year
2014
Phone
(517) 974-5567Principal Officer
David Mollitor Jr
Main Address
1095-A MAK TECH DRIVE, LANSING, MI, 48906
NTEE Category
Code: Y43 - Mutual benefit
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