Overview
What is Sonoco Employees Benefit Trust?
Sonoco Employees Benefit Trust is a Hartsville, South Carolina-based funding vehicle that supports group health and welfare plans for employees and retirees of Sonoco Products Company. The trust, with a USAddress located at 1 North 2nd Street A01, covers various benefits such as medical, dental, and group life insurance premiums. As a nonprofit entity, its primary mission is to ensure the well-being of Sonoco's workforce by providing essential benefits, enabling them to maintain optimal health and well-being.
Official website here: www.sonoco.com
What do the Facebook reviews say about Sonoco Employees Benefit Trust?
76% of 59 reviewers on Facebook would recommend the Sonoco Employees Benefit Trust. Here's a summary of their reviews:
The overall sentiment leans towards dissatisfaction due to notable negative experiences, particularly concerning staff interactions. One user specifically highlighted a negative encounter with an employee, emphasizing unprofessional behavior. This suggests a need for improvement in customer service and employee training within the organization.
While there may be some positive experiences among the majority, the concerns raised indicate that many feel the current level of service is lacking and needs attention to enhance the overall user experience.
This AI summary has been generated from reviews found on Facebook.
Is Sonoco Employees Benefit Trust legitimate?
Sonoco Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sonoco Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sonoco.com
What is the mission statement of Sonoco Employees Benefit Trust?
The Sonoco Employees Benefit Trust serves as a funding source for group health and welfare plans, catering to the needs of employees and retirees of Sonoco Products Company. Its primary mission is to provide financial resources for these plans, ensuring the coverage of medical and dental expenses, as well as group life insurance premiums for its members. By offering these benefits, the Trust aims to enhance the well-being and overall quality of life for those affiliated with Sonoco Products Company.
Official website here: www.sonoco.com
What is the revenue of Sonoco Employees Benefit Trust?
Sonoco Employees Benefit Trust's revenue in 2022 was $121,194,000.
Official website here: www.sonoco.com
Who are the executives of Sonoco Employees Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sonoco.com
Where can I find the form 990 for Sonoco Employees Benefit Trust?
Sonoco Employees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sonoco.com
Learn more at the official website: www.sonoco.com
Mission Statement of Sonoco Employees Benefit Trust
Sonoco Employees Benefit Trust, a funding vehicle based on a group health and welfare mission, is dedicated to providing essential benefits for the employees and retirees of Sonoco Products Company. The Trust's primary role is to ensure the financial support needed for various group health and welfare plans.
In simple terms, the Sonoco Employees Benefit Trust serves as a financial backbone, funding the medical, dental, and group life insurance plans for the workforce and retired personnel of Sonoco Products Company. By doing so, it effectively lessens the financial burden on the employees and enables them to access crucial health and welfare services with ease.
The Trust's resources are allocated towards funding the aforementioned benefits, which include medical and dental claims and group life insurance premiums for its members. This commitment to providing financial stability for its members' health and well-being is a testament to the Sonoco Employees Benefit Trust's unwavering mission.
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Impact
October, 2024
Sonoco Employees Benefit Trust plays a crucial role in supporting the health and welfare of employees and retirees of Sonoco Products Company. By serving as a funding vehicle for group health and welfare plans, it facilitates access to essential medical and dental services, ensuring that members can receive care when they need it most. The trust also manages group life insurance premiums, contributing to the financial security of employees and their families.
In Hartsville, South Carolina, the trust's mission to provide reliable funding for these benefits creates a safety net that enhances the overall well-being and peace of mind for members. By addressing healthcare costs and providing comprehensive coverage, it fosters a healthier workforce and supports retention and morale among employees, which ultimately contributes to the longevity and success of the company. The impact is evident in the enduring commitment to the welfare of its members, demonstrating a strong mutual benefit that extends beyond individual health needs to the organizational culture as a whole.
This information is meant to be a general summary of Sonoco Employees 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.
- Gross Receipts: $121,194,000
Assets and Liabilities:
- Total Assets: $304,000
- Total Liabilities: $25,605,000
- Net Assets: -$25,301,000
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Organization Details
Founding Year
1998
Principal Officer
Christopher D Moss
Website
www.sonoco.comNTEE Category
Code: Y40 - Mutual benefit
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