Overview
What is United Parcel Service Health And Welfare Plan Trust For Collect?
United Parcel Service Health and Welfare Plan Trust For Collect functions as a trust that manages and finances several collectively bargained health and welfare plans for United Parcel Service, Inc. and its subsidiaries. These plans ensure medical and life insurance coverage for the employees and their dependents. The trust is responsible for holding the assets and controlling the payment functions to provide essential benefits to the covered workforce.
Is United Parcel Service Health And Welfare Plan Trust For Collect legitimate?
United Parcel Service Health And Welfare Plan Trust For Collect is a legitimate nonprofit organization registered as a 501(c)(9) entity. United Parcel Service Health And Welfare Plan Trust For Collect 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 not tax deductible.
Here 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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Mission Statement of United Parcel Service Health And Welfare Plan Trust For Collect
United Parcel Service Health and Welfare Plan Trust for Collect, also known as the VEBA trust, plays a crucial role in managing several collectively bargained health and welfare plans. This trust is responsible for holding the assets and controlling the payment functions for these plans. These plans offer essential medical and life insurance benefits to employees of United Parcel Service, Inc., and its subsidiaries, extending coverage to their dependents as well.
In essence, the VEBA trust acts as a trustee, safeguarding the resources needed to ensure the continuity of the health and welfare plans. By controlling the payment functions, the trust ensures that eligible employees and their dependents receive the benefits outlined in their respective plans. The plans themselves provide vital medical coverage and life insurance, offering a sense of security and peace of mind to the covered individuals. With the trust's stewardship, these plans continue to provide crucial benefits to the employees and their families, maintaining their overall well-being.
Impact
This information is meant to be a general summary of United Parcel Service Health And Welfare Plan Trust For Collect. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The United Parcel Service Health And Welfare Plan Trust For Collect has a direct impact on the medical and life insurance benefits provided to covered employees of United Parcel Service, Inc. and its subsidiaries, as well as their dependents. The trust holds the assets and controls the payment functions for several collectively bargained health and welfare plans, ensuring that these benefits are effectively managed and distributed to the beneficiaries. This contributes to the well-being and financial security of the employees and their families, fulfilling the mission of the trust to provide mutual benefit through the administration of these essential health and welfare plans.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNITED PARCEL SERVICE, INC.
Revenue
$214,351,850
Organization Details
Founding Year
1992
Phone
(404) 828-6093
Principal Officer
Barbara Dorfman
Main Address
55 Glenlake Parkway NE, Atlanta, GA, 30328
NTEE Category
Code: Y40 - Mutual benefit
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