Overview
What is Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates?
The Employee Welfare Benefit Plans Trust of FPL Group Inc & Its Affiliates is a trust that manages the financial activities of Nextera Energy, Inc.'s Employee Health and Welfare Plan and Retiree Benefits Plan. With over 15,000 participants, this trust administers various benefits, including medical, dental, life, vision, prescription drugs, long-term and short-term disability, employee assistance, mental health services, substance abuse treatment, and dependent care expenses. These benefits are provided primarily through insurance companies and the company itself. The trust's primary role is to hold the assets of both plans and oversee their financial operations, primarily handling payments for eligible expenses incurred by the plans' participants.
Is Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates legitimate?
Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates 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: $9,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates?
The Employee Welfare Benefit Plans Trust of Fpl Group Inc & Its Affiliates serves as the trust to manage the financial assets of two plans: the Employee Health and Welfare Plan and the Retiree Benefits Plan. Its primary role is to facilitate the financial transactions of both plans, primarily in making payments for eligible expenses incurred by their participants. The health and welfare plan offers various benefits, including medical, dental, life, vision, prescription drug coverage, long-term and short-term disability benefits, employee assistance programs, mental health services, substance abuse programs, and reimbursements for paid medical and dependent care expenses through IRS-approved flexible spending accounts. The plans are administered by insurance companies and the company itself, and in the previous year, there were 15,701 participants enrolled.
Who is the CEO of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates?
Unavailable
What is the revenue of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates?
Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates's revenue in 2022 was $206,674,509.
Who are the executives of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates and what are their salaries?
There 7 volunteers at Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates.
There is 1 key member and their salary:
- Compensation: $9,722
- Related: $0
- Other: $0
Where can I find the form 990 for Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates?
Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates
Employee Welfare Benefit Plans Trust of Fpl Group Inc & Its Affiliates serves as the trustee for the assets of Nextera Energy, Inc.'s Employee Health and Welfare Plan and Retiree Benefits Plan. The primary objective of this trust is to manage the financial operations of both plans, mainly processing and making payments for eligible expenses incurred by the plans' participants.
This trust plays a vital role in administering the benefits provided by the Health and Welfare Plan. Eligible employees of Nextera Energy, Inc. gain access to a comprehensive range of benefits, including medical, dental, life, vision, prescription drug, long-term and short-term disability, employee assistance, mental health services, substance abuse, and reimbursement of paid medical and dependent care expenses through IRS-approved flexible spending accounts. These benefits are provided by insurance companies and the company itself. The Health and Welfare Plan had 15,701 participants at the end of the year.
In simpler terms, Employee Welfare Benefit Plans Trust of Fpl Group Inc & Its Affiliates acts as a steward, managing the financial aspects of the two benefit plans for Nextera Energy, Inc. Employees under the company's umbrella can take advantage of a wide array of benefits designed to support their overall well-being, both physically and financially. By effectively managing the financial operations of the plans, the Trust ensures that eligible expenses are paid, providing peace of mind and security to the participants.
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Impact
October, 2024
The Employee Welfare Benefit Plans Trust of FPL Group Inc & Its Affiliates plays a critical role in supporting the health and well-being of eligible employees through a comprehensive range of benefits. By holding the assets for the NextEra Energy, Inc. Employee Health and Welfare Plan and the Retiree Benefits Plan, the Trust ensures the effective administration of these crucial benefits.
With a focus on providing medical, dental, life, vision, prescription drug, and disability benefits, the Trust enhances the overall quality of life for its participants. Additionally, it offers mental health services, substance abuse support, and assistance with medical and dependent care expenses via IRS-approved flexible spending accounts. These services not only promote the physical health of employees but also contribute to their mental and emotional well-being.
The Trust's impact is demonstrated through its administration of payments for eligible expenses incurred by participants, which directly alleviates financial burdens associated with healthcare. With 15,701 participants at the end of the year, the Trust significantly benefits a large number of employees and retirees, fostering a supportive environment that helps maintain a productive workforce. Overall, the Trust is essential in ensuring that employees and retirees have access to the resources they need for a healthy, balanced life.
This information is meant to be a general summary of Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates. 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: $484,553
- Program Service Revenue: $206,189,956
- Gross Receipts: $206,674,509
Assets and Liabilities:
- Total Assets: $43,534,708
- Total Liabilities: $934,574
- Net Assets: $42,600,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$134,547,240
EMPLOYEE CONTRIBUTIONS
Revenue
$68,318,525
EGWP FEDERAL SUBSIDY
Revenue
$3,324,191
Organization Details
Founding Year
1991
Phone
(561) 691-2649Main Address
700 UNIVERSE BOULEVARD HRB/JB, JUNO BEACH, FL, 33408
NTEE Category
Code: Y40 - Mutual benefit
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