Overview
What is Compass Bank Employee Benefit Plan And Trust?
Compass Bank Employee Benefit Plan and Trust is a self-insured employee health plan operated by the bank. This nonprofit organization, while not explicitly mentioned in the provided information, is implied through the description of its "EMPLOYEE HEALTH PLAN" mission. It is unclear if the Trust directly provides resources or support to employees beyond the scope of their health coverage. However, it can be inferred that the Trust is responsible for managing the bank's employee benefits.
Is Compass Bank Employee Benefit Plan And Trust legitimate?
Compass Bank Employee Benefit Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Compass Bank Employee Benefit Plan And 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
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What is the mission statement of Compass Bank Employee Benefit Plan And Trust?
The Compass Bank Employee Benefit Plan and Trust focuses on providing an employee health plan, operated on a self-insured basis. The mission behind this plan is to ensure the wellbeing of its employees by offering comprehensive health coverage. The primary goal is to prioritize the health needs of the workforce and secure their overall well-being. Additionally, the plan may provide resources or support services to help employees navigate their healthcare benefits and make informed decisions regarding their health. However, the provided information does not contain further details about the specifics of the mission or the additional services offered by the plan.
Who is the CEO of Compass Bank Employee Benefit Plan And Trust?
Unavailable
What is the revenue of Compass Bank Employee Benefit Plan And Trust?
Compass Bank Employee Benefit Plan And Trust's revenue in 2021 was $39,206,210.
Who are the executives of Compass Bank Employee Benefit Plan And Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Compass Bank Employee Benefit Plan And Trust?
Compass Bank Employee Benefit Plan And Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Compass Bank Employee Benefit Plan And Trust
Compass Bank Employee Benefit Plan and Trust, a self-insured employee health plan, is dedicated to the wellbeing of its members. The organization takes pride in managing its own health insurance, ensuring personalized care and coverage for its workforce.
In simple terms, the mission of Compass Bank Employee Benefit Plan and Trust revolves around the health and welfare of its employees. By operating as a self-insured plan, the organization has the flexibility to tailor its benefits and services to meet the unique needs of its workforce. This level of customization sets the Compass Bank Employee Benefit Plan and Trust apart, allowing it to provide comprehensive care and support to its members.
By providing health coverage directly, Compass Bank Employee Benefit Plan and Trust demonstrates a strong commitment to its employees. This commitment extends beyond just insurance, as the organization likely offers additional resources and services to help its members maintain their overall wellbeing. These might include educational materials, wellness programs, or access to healthcare professionals. The result is a healthier, happier workforce that is better able to contribute to the success of the organization.
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Impact
October, 2024
Compass Bank Employee Benefit Plan And Trust plays a significant role in providing financial security and health care benefits to its employees through a self-insured health plan. By offering this comprehensive health coverage, the plan enhances employee well-being, allowing them to access necessary medical services without the burden of high out-of-pocket costs. This not only supports individual health but also contributes to overall workplace satisfaction and productivity.
Based in Pittsburgh, PA, the plan operates under a mission to create mutual benefits for employees, fostering a healthier workforce. The self-insured nature of the plan allows for greater flexibility and the ability to tailor benefits to meet the specific needs of employees. This can lead to improved health outcomes, reduced absenteeism, and ultimately increased organizational loyalty and retention.
Moreover, by investing in the health of their employees, Compass Bank helps to build a more resilient community, which can have far-reaching positive effects on local healthcare systems and economies. Such initiatives reflect a commitment to mutual benefit, strengthening relationships between the employer and employees while supporting the community's overall health infrastructure.
This information is meant to be a general summary of Compass Bank Employee Benefit Plan And 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 2021.
- Investment Income: $507
- Program Service Revenue: $39,205,703
- Gross Receipts: $95,600,245
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COBRA CONTRIBUTIONS
Revenue
$168,081
EMPLOYEE CONTRIBUTIONS
Revenue
$9,846,391
EMPLOYER CONTRIBUTIONS
Revenue
$29,191,231
Organization Details
Founding Year
1979
Phone
(412) 768-5892Main Address
116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212
NTEE Category
Code: Y40 - Mutual benefit
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