Overview
What is Retirees Group Welfare Benefit Trust Of El Paso Electric Company?
Retirees Group Welfare Benefit Trust of El Paso Electric Company is a nonprofit organization that manages the retiree welfare benefits plan for the El Paso Electric Company. This trust is responsible for processing medical and prescription benefit claims, utilizing outside administrators when necessary. The primary objective of the trust is to provide medical and prescription benefits to retired employees, their spouses, and eligible dependents of the company. By administering this plan, the Retirees Group Welfare Benefit Trust of El Paso Electric Company ensures the well-being and financial security of its beneficiaries, contributing significantly to their post-retirement life.
Is Retirees Group Welfare Benefit Trust Of El Paso Electric Company legitimate?
Retirees Group Welfare Benefit Trust Of El Paso Electric Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirees Group Welfare Benefit Trust Of El Paso Electric Company 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: $8,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Retirees Group Welfare Benefit Trust Of El Paso Electric Company?
The Retirees Group Welfare Benefit Trust of El Paso Electric Company is responsible for managing the company's retiree welfare benefits plan. This includes overseeing the payment of external administrators for handling medical and prescription benefit claims. The primary objective of the trust is to provide medical and prescription benefits for retired employees, their spouses, and eligible dependents under this plan. The trust serves to ensure the continued healthcare support for these individuals post-retirement.
Who is the CEO of Retirees Group Welfare Benefit Trust Of El Paso Electric Company?
Victor Rueda is the Principal Officer of Retirees Group Welfare Benefit Trust Of El Paso Electric Company.
What is the revenue of Retirees Group Welfare Benefit Trust Of El Paso Electric Company?
Retirees Group Welfare Benefit Trust Of El Paso Electric Company's revenue in 2022 was $906,870.
Who are the executives of Retirees Group Welfare Benefit Trust Of El Paso Electric Company and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $6,660
- Related: $0
- Other: $6,660
- Compensation: $2,271
- Related: $0
- Other: $2,271
Where can I find the form 990 for Retirees Group Welfare Benefit Trust Of El Paso Electric Company?
Retirees Group Welfare Benefit Trust Of El Paso Electric Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retirees Group Welfare Benefit Trust Of El Paso Electric Company
The Retirees Group Welfare Benefit Trust of El Paso Electric Company is dedicated to managing the retiree welfare benefits plan of the El Paso Electric Company. This trust's primary role involves overseeing the payment of outside administrators responsible for processing medical and prescription benefit claims. Beyond this, the trust is responsible for providing medical and prescription benefits to retired employees, their spouses, and eligible dependents. This organization plays a crucial role in ensuring the health and well-being of retired employees and their families by administering and funding their healthcare needs.
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Impact
October, 2024
The Retirees Group Welfare Benefit Trust of El Paso Electric Company plays a crucial role in ensuring the health and well-being of retired employees and their families. By administering a comprehensive welfare benefits plan, it provides essential medical and prescription benefits, not only to retirees but also to their spouses and eligible dependents. This support is vital for maintaining a standard of living for former employees who may no longer have access to employer-sponsored health insurance.
Through the effective management of claims processing—with the assistance of outside administrators—the Trust guarantees that beneficiaries receive timely and accurate healthcare services. This reduces the financial burden on retirees, enhances their quality of life, and enables them to focus on enjoying their retirement years without the stress of healthcare uncertainties. Overall, the Trust solidifies the commitment of El Paso Electric Company to its employees beyond their working years, fostering a sense of security and mutual benefit within the community.
This information is meant to be a general summary of Retirees Group Welfare Benefit Trust Of El Paso Electric Company. 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: $5,186
- Program Service Revenue: $730,090
- Gross Receipts: $906,870
Assets and Liabilities:
- Total Assets: $8,446,963
- Total Liabilities: $557,599
- Net Assets: $7,889,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION: BENEFITS
Revenue
$139,489
RETIREE CONTRIBUTION: BENEFITS
Revenue
$590,601
Organization Details
Founding Year
1996
Phone
(915) 351-4205Principal Officer
Victor Rueda
Main Address
PO BOX 982 LOC 165, EL PASO, TX, 799600001
NTEE Category
Code: Y40 - Mutual benefit
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