Overview
What is Railroad Employees National Health Flexible Spending Account Plan?
The Railroad Employees National Health Flexible Spending Account Plan is a nonprofit organization dedicated to providing employee welfare benefits in accordance with collective bargaining agreements. Their primary objective is to offer these benefits and facilitate a pretax reimbursement system for participants' qualified medical expenses. The plan serves as a valuable resource for eligible individuals, ensuring they have access to essential health coverage.
Is Railroad Employees National Health Flexible Spending Account Plan legitimate?
Railroad Employees National Health Flexible Spending Account Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Railroad Employees National Health Flexible Spending Account 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.
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What is the mission statement of Railroad Employees National Health Flexible Spending Account Plan?
The Railroad Employees National Health Flexible Spending Account Plan serves a crucial role in providing employee welfare benefits as outlined in collective bargaining agreements. Its primary mission is to offer and deliver these benefits to participants. The plan provides an essential avenue for employees to be reimbursed for eligible medical expenses using pretax dollars, enhancing their financial well-being. By adhering to the commitments made in collective bargaining agreements, the Railroad Employees National Health Flexible Spending Account Plan strengthens the financial and health security of its participants.
Who is the CEO of Railroad Employees National Health Flexible Spending Account Plan?
Brendan M Branon is the Nccc Chairman of Railroad Employees National Health Flexible Spending Account Plan.
What is the revenue of Railroad Employees National Health Flexible Spending Account Plan?
Railroad Employees National Health Flexible Spending Account Plan's revenue in 2022 was $19,805,144.
Who are the executives of Railroad Employees National Health Flexible Spending Account Plan and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Railroad Employees National Health Flexible Spending Account Plan?
Railroad Employees National Health Flexible Spending Account Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Railroad Employees National Health Flexible Spending Account Plan
The Railroad Employees National Health Flexible Spending Account Plan is a mission-driven organization dedicated to providing employee welfare benefits as outlined in collective bargaining agreements. By offering these benefits, the Plan aims to enhance the wellbeing of its participants. The core function of the Plan is to serve as a conduit for reimbursing qualified medical expenses on a pretax basis, adding significant financial value to those it serves. In essence, the Railroad Employees National Health Flexible Spending Account Plan plays a vital role in easing the financial burden of medical costs for its participants.
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Impact
October, 2024
The Railroad Employees National Health Flexible Spending Account Plan significantly impacts its participants by providing a structured way to manage healthcare costs through pretax reimbursements for qualified medical expenses. By participating in the plan, railroad employees can reduce their taxable income, which in turn increases their overall take-home pay. This benefit is crucial for employees who face high medical expenses or routine healthcare needs, as it allows them to allocate their funds more efficiently and maximize their available resources.
Furthermore, the plan supports the financial wellbeing of employees following collective bargaining agreements, ensuring that their welfare benefits align with their needs as negotiated by their representatives. The ability to access these funds conveniently can lead to better health outcomes and reduced financial stress, promoting overall employee satisfaction and retention in the railroad industry. This flexibility adds a layer of security for employees, allowing them to focus on their work without the added burden of unexpected medical costs.
This information is meant to be a general summary of Railroad Employees National Health Flexible Spending Account 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.
- Investment Income: $48,816
- Program Service Revenue: $19,756,328
- Gross Receipts: $19,805,144
Assets and Liabilities:
- Total Assets: $5,766,221
- Total Liabilities: $99,381
- Net Assets: $5,666,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$19,383,175
EMPLOYER CONTRIBUTIONS
Revenue
$114,087
COBRA CONTRIBUTIONS
Revenue
$259,066
Organization Details
Founding Year
2013
Phone
(571) 336-7600Principal Officer
Brendan M Branon
Main Address
251 - 18TH STREET SOUTH Suite 750, ARLINGTON, VA, 22202
NTEE Category
Code: Y43 - Mutual benefit
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