Overview
What is Dxp Enteprises Inc Employee Benefit Plan?
Dxp Enteprises Inc Employee Benefit Plan is a nonprofit organization that offers comprehensive insurance coverage to substantially all of its full-time employees. Based in Houston, Texas, the benefit plan provides essential insurance services, including major medical, dental, vision, life, accident, and long-term disability insurance. The funding for these benefits comes from both employee and employer contributions. The organization manages program service expenses primarily from claims and premiums paid, while the costs of the contract administrator are included under general expenses instead of program expenses.
Is Dxp Enteprises Inc Employee Benefit Plan legitimate?
Dxp Enteprises Inc Employee Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Dxp Enteprises Inc Employee Benefit Plan 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 Dxp Enteprises Inc Employee Benefit Plan?
The Dxp Enteprises Inc Employee Benefit Plan serves as a welfare program that extends medical, dental, vision, life, accident, and long-term disability insurance coverage to substantially all full-time employees who opt to participate. The organization's core mission is to provide comprehensive insurance coverage for these essential services to its workforce. The plan generates revenue through employee and employer contributions. Program service expenses primarily consist of claims and premiums paid, while contract administrator costs are incorporated as general expenses instead of program expenses.
Who is the CEO of Dxp Enteprises Inc Employee Benefit Plan?
Unavailable
What is the revenue of Dxp Enteprises Inc Employee Benefit Plan?
Dxp Enteprises Inc Employee Benefit Plan's revenue in 2022 was $27,198,996.
Who are the executives of Dxp Enteprises Inc Employee Benefit Plan 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 Dxp Enteprises Inc Employee Benefit Plan?
Dxp Enteprises Inc Employee Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dxp Enteprises Inc Employee Benefit Plan
Dxp Enteprises Inc Employee Benefit Plan is a welfare benefit organization that extends medical, dental, vision, life, accident, and long-term disability insurance coverage to full-time employees who opt for the coverage. In essence, the plan prioritizes the health and well-being of its workforce by providing them with essential insurance benefits.
The mission of Dxp Enteprises Inc Employee Benefit Plan is to ensure that substantially all full-time employees have access to major medical, dental, vision, life, accident, and long-term disability insurance coverage. This commitment is facilitated through employee and employer contributions. The plan incurs service expenses primarily from claims and premiums paid. The costs associated with the contract administrator are categorized as general expenses rather than program expenses.
In simpler terms, Dxp Enteprises Inc Employee Benefit Plan serves as a safety net for its employees, offering comprehensive insurance coverage that addresses various health and financial concerns. By making insurance accessible to a significant portion of its workforce, the organization not only prioritizes the well-being of its employees but also fosters a sense of security and peace of mind. This commitment to employee welfare not only benefits the individuals directly but also contributes to the overall productivity and morale of the workforce.
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Impact
October, 2024
The Dxp Enterprises Inc Employee Benefit Plan significantly impacts the well-being of full-time employees by providing essential insurance coverage, including major medical, dental, vision, life, accident, and long-term disability insurance. This comprehensive welfare benefit plan enhances employee security and health by enabling members to access critical healthcare services while protecting them from financial strain due to medical emergencies or unforeseen circumstances.
By facilitating both employee and employer contributions, the plan ensures a sustainable revenue model, which allows for continuous support and timely claim processing. This investment in employee health leads to higher morale, increased job satisfaction, and reduced turnover rates, ultimately benefiting the organization's overall productivity and culture. Moreover, the inclusion of a wide range of coverage options reflects a commitment to meeting the diverse needs of employees, reinforcing the importance of health and wellness within the workplace.
In summary, the Dxp Enterprises Inc Employee Benefit Plan serves as a vital resource for employees, offering peace of mind and financial protection that contributes positively to their quality of life and productivity at work.
This information is meant to be a general summary of Dxp Enteprises Inc Employee Benefit Plan. 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.
- Program Service Revenue: $27,198,996
- Gross Receipts: $27,198,996
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.
Premiums
Revenue
$27,198,996
Organization Details
Founding Year
1983
Phone
(713) 996-4700Main Address
5301 Hollister St, HOUSTON, TX, 77040
NTEE Category
Code: Y40 - Mutual benefit
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