Overview
What is Society Of Professional Benefit Administrators?
Society of Professional Benefit Administrators (SPBA) is a nonprofit organization situated in Chevy Chase, Maryland. Their primary mission is to empower its member firms by providing them with valuable insights and information regarding existing and proposed legislation, regulations, and guidance affecting employee benefit administration. The organization strives to help third-party administrators navigate the complex and ever-evolving employee benefits landscape, ensuring they remain updated and well-informed. SPBA achieves this goal by organizing two annual meetings, attended by approximately half of its member firms. These meetings focus on government compliance and industry trends, providing a platform for networking and knowledge sharing.
Official website here: www.spbatpa.org
Is Society Of Professional Benefit Administrators legitimate?
Society Of Professional Benefit Administrators is a legitimate nonprofit organization registered as a 501(c)(6) entity. Society Of Professional Benefit Administrators 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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Official website here: www.spbatpa.org
What is the mission statement of Society Of Professional Benefit Administrators?
The Society of Professional Benefit Administrators' primary mission is to assist its members in reaching their full potential by providing them with relevant information and insights regarding current and proposed legislation, regulations, and guidance impacting employee benefit administration. This organization aids third-party administrators in navigating the complex and continually evolving employee benefits landscape by keeping them informed and updated with the latest developments. The Society holds two meetings annually, which attract nearly half of all member firms, focusing on government compliance and industry trends. These meetings are open to eligible third-party administrators and member firms.
Official website here: www.spbatpa.org
Who is the CEO of Society Of Professional Benefit Administrators?
Eric Ludwig is the Immediate Past Chair of Society Of Professional Benefit Administrators.
Official website here: www.spbatpa.org
What is the revenue of Society Of Professional Benefit Administrators?
Society Of Professional Benefit Administrators's revenue in 2022 was $1,639,991.
Official website here: www.spbatpa.org
Who are the executives of Society Of Professional Benefit Administrators and what are their salaries?
There 8 volunteers at Society Of Professional Benefit Administrators.
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Official website here: www.spbatpa.org
Where can I find the form 990 for Society Of Professional Benefit Administrators?
Society Of Professional Benefit Administrators's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spbatpa.org
Learn more at the official website: www.spbatpa.org
Mission Statement of Society Of Professional Benefit Administrators
The Society of Professional Benefit Administrators, or SPBA, is an organization dedicated to aiding its members in reaching their full potential. It accomplishes this by offering insights and information regarding existing and proposed legislation, regulations, and guidance affecting employee benefit administration. By keeping its members informed and educated, SPBA assists third-party administrators in navigating the complex and ever-changing landscape of employee benefits.
To further support its members, SPBA conducts two meetings each year, attracting nearly half of all member firms to each event. These meetings focus on government compliance and industry trends, providing a valuable platform for members to stay updated and engage with their peers. By offering these resources, SPBA empowers its members to provide the best possible services to their clients, ultimately improving the overall employee benefits landscape.
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Impact
October, 2024
The Society of Professional Benefit Administrators (SPBA) plays a crucial role in the employee benefits sector by empowering its members—primarily third-party administrators (TPAs)—to navigate a complex and often changing landscape. The organization focuses on providing essential information and insights regarding existing and proposed legislation, regulations, and guidance that impact employee benefit administration. This support is vital as it helps members adapt to regulatory changes and maintain compliance, which is critical for the integrity and effectiveness of employee benefit programs.
SPBA fosters community and collaboration among TPAs through its biannual meetings, which engage nearly half of its member firms. These gatherings serve as a platform for discussing government compliance, industry trends, and best practices, enabling members to stay at the forefront of developments that affect their operations and services. By facilitating these discussions, SPBA not only strengthens individual firms but also contributes to the overall improvement of the employee benefits community.
In essence, SPBA’s impact is characterized by its commitment to education, information dissemination, and community building, which helps its members reach their full potential in a competitive and regulated environment.
This information is meant to be a general summary of Society Of Professional Benefit Administrators. 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: $174,800
- Program Service Revenue: $1,465,191
- Gross Receipts: $1,865,780
Assets and Liabilities:
- Total Assets: $2,470,734
- Total Liabilities: $282,364
- Net Assets: $2,188,370
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES AND AS
Revenue
$838,400
ANNUAL MEETINGS
Revenue
$269,455
STOP-LOSS SP MEMBERS
Revenue
$140,000
SERVICE PARTNER
Revenue
$114,336
MEETING SPONSORSHIPS
Revenue
$82,000
Organization Details
Founding Year
1975
Phone
(301) 718-7722Principal Officer
Eric Ludwig
Main Address
2 WISCONSIN CIRCLE 670, CHEVY CHASE, MD, 208157003
Website
www.spbatpa.orgNTEE Category
Code: S41 - Community improvement
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