Overview
What is Formetco Inc Employee Health Benefit Plan?
Formetco Inc Employee Health Benefit Plan is a program established to provide health benefits for eligible employees of Formetco Inc. and their qualified family members, starting from January 1, 1999. This plan aims to ensure the well-being of the company's workforce by offering necessary medical coverage. The plan's primary function is to offer health benefits, aligning with the organization's commitment to employee welfare. The program is based in Duluth, Georgia.
Is Formetco Inc Employee Health Benefit Plan legitimate?
Formetco Inc Employee Health Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Formetco Inc Employee Health 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 Formetco Inc Employee Health Benefit Plan?
The Formetco Inc Employee Health Benefit Plan is committed to providing health benefits for eligible employees of Formetco Inc. This mission is carried out by offering healthcare coverage for claims incurred on or after January 1, 1999, not only for the employees but also for their qualified family members. The plan aims to enhance the overall well-being of its covered individuals, ensuring they have access to necessary healthcare services when needed. By providing these benefits, the Formetco Inc Employee Health Benefit Plan contributes to the overall health and welfare of its employees, fostering a positive work environment.
Who is the CEO of Formetco Inc Employee Health Benefit Plan?
Matt Xander is the Plan Director of Formetco Inc Employee Health Benefit Plan.
What is the revenue of Formetco Inc Employee Health Benefit Plan?
Formetco Inc Employee Health Benefit Plan's revenue in 2022 was $1,227,974.
Who are the executives of Formetco Inc Employee Health Benefit Plan and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Formetco Inc Employee Health Benefit Plan?
Formetco Inc Employee Health Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Formetco Inc Employee Health Benefit Plan
Formetco Inc Employee Health Benefit Plan is committed to providing health benefits for eligible employees of Formetco, Inc. This mission is carried out by offering health benefits to eligible employees and their qualified family members for claims incurred on or after January 1, 1999. The plan aims to ensure that eligible employees and their families have access to necessary healthcare services, thereby promoting their overall well-being. The provision of these benefits serves as a testament to Formetco Inc's commitment to its employees, recognizing their contributions and investing in their health and wellness.
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Impact
October, 2024
The Formetco Inc Employee Health Benefit Plan significantly impacts eligible employees by providing essential health benefits that support their well-being and financial security. By covering claims incurred since January 1, 1999, the plan ensures that employees have access to necessary medical care, which can lead to improved health outcomes and increased employee satisfaction.
This benefit extends not only to the employees but also to their qualified family members, emphasizing the importance of family health and support. By offering this plan, Formetco Inc fosters a more secure and healthy workforce, contributing to enhanced morale and productivity. Additionally, such health benefits can be a critical factor in attracting and retaining talent, making the company more competitive within the industry. Overall, the plan plays a vital role in promoting the welfare of employees and their families, reinforcing a culture of care within the organization.
This information is meant to be a general summary of Formetco Inc Employee Health 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.
- Program Service Revenue: $1,227,974
- Gross Receipts: $1,227,974
Assets and Liabilities:
- Total Assets: $9,850
- Total Liabilities: $0
- Net Assets: $9,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$970,061
PARTICIPANT CONTRIBUTI
Revenue
$257,913
Organization Details
Founding Year
1999
Phone
(770) 476-7000Principal Officer
Matt Xander
Main Address
PO BOX 1989, DULUTH, GA, 30096
NTEE Category
Code: Y40 - Mutual benefit
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