Overview
What is Star Lumber & Supply Company Inc Employee Group Benefit Plan?
Star Lumber & Supply Company Inc Employee Group Benefit Plan is a benefit trust established for the employees and their dependents of Star Lumber & Supply Co., Inc. Located in Wichita, Kansas, this plan primarily focuses on providing self-funded medical benefits, covering a substantial number of employees. Specifically, the plan covers hospital, surgical, and major medical expenses. Furthermore, the plan also manages self-funded disability premiums for its participating members. This employee-centric plan aims to support the overall well-being of Star Lumber & Supply Co., Inc.'s workforce by providing essential healthcare coverage.
Is Star Lumber & Supply Company Inc Employee Group Benefit Plan legitimate?
Star Lumber & Supply Company Inc Employee Group Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Star Lumber & Supply Company Inc Employee Group 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Star Lumber & Supply Company Inc Employee Group Benefit Plan?
The Star Lumber & Supply Company Inc Employee Group Benefit Plan's mission is to provide self-funded medical benefits, covering substantially all employees of Star Lumber and Supply Co., Inc. The plan serves as a trust, aiming to offer comprehensive health care coverage, including hospital, surgical, and major medical benefits. The plan sponsor, Star Lumber & Supply Co., Inc., is responsible for the majority of the employees covered under this Voluntary Employees' Benefit Association (VEBA). The Employee Group Benefit Trust also takes care of self-funding disability premiums for participating employees and their dependents.
Who is the CEO of Star Lumber & Supply Company Inc Employee Group Benefit Plan?
Unavailable
What is the revenue of Star Lumber & Supply Company Inc Employee Group Benefit Plan?
Star Lumber & Supply Company Inc Employee Group Benefit Plan's revenue in 2022 was $2,400,170.
Who are the executives of Star Lumber & Supply Company Inc Employee Group Benefit Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $346,147
- Related: $0
- Other: $22,536
Where can I find the form 990 for Star Lumber & Supply Company Inc Employee Group Benefit Plan?
Star Lumber & Supply Company Inc Employee Group Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Star Lumber & Supply Company Inc Employee Group Benefit Plan
Star Lumber & Supply Company Inc's Employee Group Benefit Plan is designed to offer self-funded medical benefits, encompassing hospital, surgical, and major medical expenses, to the vast majority of its employees. This plan, referred to as the Trust, serves as a means to provide these comprehensive health care benefits to the employees of Star Lumber & Supply Co., Inc., the plan sponsor. The primary mission of this Employee Group Benefit Plan is to support the wellbeing of its employees by covering their medical expenses, thereby promoting a healthier workforce. Additionally, the plan also takes care of the self-funded disability premiums for participating employees and their dependents, demonstrating its commitment to the overall wellbeing and financial security of its employees.
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Impact
October, 2024
The Star Lumber & Supply Company Inc Employee Group Benefit Plan significantly impacts the well-being of its employees by providing essential self-funded medical benefits. This plan covers hospital, surgical, and major medical expenses for substantially all employees of Star Lumber & Supply Co., Inc. By offering comprehensive health care benefits and self-funded disability premiums for both employees and their dependents, the plan creates a safety net that enhances the financial security and health of the workforce.
This employee benefit plan plays a critical role in promoting a healthier work environment in Wichita, KS, as it ensures that employees have access to necessary medical care without overwhelming financial burdens. Additionally, by fostering a supportive workplace through these benefits, Star Lumber & Supply can improve employee morale, increase job satisfaction, and boost retention, which ultimately contributes to a more productive and engaged workforce. The commitment to employee health and well-being through this plan underscores the organization's dedication to mutual benefit and community support, making it an integral part of the company’s operations.
This information is meant to be a general summary of Star Lumber & Supply Company Inc Employee Group 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.
- Gross Receipts: $2,400,170
Assets and Liabilities:
- Total Assets: $352,951
- Total Liabilities: $0
- Net Assets: $352,951
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Organization Details
Founding Year
1984
Phone
(316) 946-1546Main Address
325 S West St, Wichita, KS, 67213
NTEE Category
Code: Y40 - Mutual benefit
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