Overview
What is Barnes & Thornburg Voluntary Employee Beneficiary Association Trust?
Barnes & Thornburg Voluntary Employee Beneficiary Association Trust is a nonprofit organization founded by Barnes & Thornburg, LLP, to provide health benefits, including medical, hospital, surgical, major medical, prescription, dental, and vision coverage, to eligible partners, employees, and retirees. The trust, established under the Employee Retirement Security Act of 1974 (ERISA), offers health benefits to partners, employees, and their dependents, as well as to retired partners and eligible former employees based on their length of service. The trust's mission is to enhance the wellbeing of Barnes & Thornburg's workforce and retired personnel by ensuring they have access to comprehensive health benefits.
Official website here: www.btlaw.com
Is Barnes & Thornburg Voluntary Employee Beneficiary Association Trust legitimate?
Barnes & Thornburg Voluntary Employee Beneficiary Association Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Barnes & Thornburg Voluntary Employee Beneficiary Association 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: $8,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.btlaw.com
What is the mission statement of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust?
The Barnes & Thornburg Voluntary Employee Beneficiary Association Trust was established by Barnes & Thornburg, LLP to offer health benefits to eligible partners, employees, and retirees. The organization falls under the Employee Retirement Security Act of 1974 (ERISA). The trust provides comprehensive health benefits, including medical, hospital, surgical, major medical, prescription, dental, and vision coverage, to qualified partners and employees of Barnes & Thornburg, as well as their beneficiaries and covered dependents. Retired partners and eligible former employees, based on their length of service, are entitled to similar benefits under the plan.
Official website here: www.btlaw.com
Who is the CEO of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust?
Brian Burdick is the Trustee of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust.
Official website here: www.btlaw.com
What is the revenue of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust?
Barnes & Thornburg Voluntary Employee Beneficiary Association Trust's revenue in 2022 was $20,689,988.
Official website here: www.btlaw.com
Who are the executives of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust and what are their salaries?
There 4 volunteers at Barnes & Thornburg Voluntary Employee Beneficiary Association Trust.
There is 1 key member and their salary:
- Compensation: $8,615
- Related: $0
- Other: $0
Official website here: www.btlaw.com
Where can I find the form 990 for Barnes & Thornburg Voluntary Employee Beneficiary Association Trust?
Barnes & Thornburg Voluntary Employee Beneficiary Association Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.btlaw.com
Learn more at the official website: www.btlaw.com
Mission Statement of Barnes & Thornburg Voluntary Employee Beneficiary Association Trust
Barnes & Thornburg Voluntary Employee Beneficiary Association Trust, often referred to as the Barnes & Thornburg VEBAT, is a noble initiative established by Barnes & Thornburg, LLP with the primary objective of extending health benefits to eligible partners, employees, and retirees. This not-for-profit trust, governed by the Employee Retirement Security Act of 1974 (ERISA), is dedicated to enhancing the wellbeing of its members by providing comprehensive health coverage.
The Barnes & Thornburg VEBAT offers a range of benefits, encompassing medical, hospital, surgical, major medical, prescription, dental, and vision care. These benefits are extended not only to active employees but also to their beneficiaries and covered dependents, as well as to retired partners and eligible former employees, contingent on their length of service. The trust aims to ensure that the health needs of its beneficiaries are met, thus providing them with peace of mind and stability.
Barnes & Thornburg VEBAT's mission is anchored in the belief that every individual deserves access to quality healthcare services. The trust goes beyond merely offering health insurance; it is committed to providing a safety net for its members, ensuring they have the necessary coverage to maintain their overall wellbeing. By extending health benefits to a wide range of individuals, the Barnes & Thornburg VEBAT is making a significant difference in people's lives and contributing to their overall well-being.
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Impact
October, 2024
The Barnes & Thornburg Voluntary Employee Beneficiary Association Trust significantly enhances the overall well-being of its eligible partners, employees, and retirees by providing essential health benefits. This includes comprehensive coverage for medical services, hospital stays, surgical procedures, major medical expenses, prescription medications, dental care, and vision services.
By offering these benefits, the trust supports a healthier workforce, contributing to improved morale and job satisfaction among employees, partners, and retirees. This focus on health care not only attracts talent but also fosters loyalty and longevity within the organization, as employees have access to valuable resources that assist them in managing their health and wellbeing.
Moreover, the trust's adherence to the Employee Retirement Security Act of 1974 (ERISA) ensures that it operates within established legal frameworks, promoting transparency and security for beneficiaries. This structure ultimately strengthens the support network for individuals associated with Barnes & Thornburg, creating a culture of mutual benefit and community among current and former employees and their families.
This information is meant to be a general summary of Barnes & Thornburg Voluntary Employee Beneficiary Association 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.
- Investment Income: -$38,055
- Program Service Revenue: $20,728,043
- Gross Receipts: $21,439,396
Assets and Liabilities:
- Total Assets: $2,426,894
- Total Liabilities: $4,670,440
- Net Assets: -$2,243,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$17,186,852
EMPLOYEE CONTRIBUTIONS
Revenue
$3,541,191
Organization Details
Founding Year
1992
Phone
(317) 236-1313Principal Officer
Brian Burdick
Main Address
11 S MERIDIAN ST, INDIANAPOLIS, IN, 46204
Website
www.btlaw.comNTEE Category
Code: Y40 - Mutual benefit
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