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 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 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.
Impact
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.
Thursday, August 15, 2024
The impact of Compass Bank Employee Benefit Plan And Trust is significant in providing employee health benefits through a self-insured plan. This demonstrates a commitment to the well-being and welfare of employees, prioritizing their health and ensuring access to necessary healthcare services. Self-insured plans can offer more flexibility and control over healthcare costs, potentially leading to better coverage and benefits for employees. By implementing this employee benefit plan, Compass Bank is investing in the overall satisfaction and productivity of its workforce, which can have positive effects on employee retention and morale.
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.
- Assets and Liabilities:
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) 768-5892
Main Address
116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Compass Bank Employee Benefit Plan And Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.