Overview
What is Welfare Benefit Plan For Employees Of Vermont Electric Power Company?
The Welfare Benefit Plan for Employees of Vermont Electric Power Company is a nonprofit organization, specifically established to offer post-retirement benefits beyond pension plans to the retired workers and their dependents of this energy company, located in Rutland, Vermont. Their mission involves providing various post-retirement benefits, ensuring financial security and support for the retirees of Vermont Electric Power Company.
Is Welfare Benefit Plan For Employees Of Vermont Electric Power Company legitimate?
Welfare Benefit Plan For Employees Of Vermont Electric Power Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Welfare Benefit Plan For Employees Of Vermont Electric Power 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Welfare Benefit Plan For Employees Of Vermont Electric Power Company?
The Welfare Benefit Plan for Employees of Vermont Electric Power Company has a mission to provide post-retirement benefits beyond the pension offered by Vermont Electric Power Company to its retirees and their dependents. This plan aims to ensure the financial well-being of the retirees after their working years, offering benefits that supplement their retirement income. The primary objective is to offer post-retirement benefits as promised by Vermont Electric Power Company, thereby maintaining the financial security of its retired employees and their dependents. The plan may cover a range of benefits such as health insurance, life insurance, and other retirement-related services.
What is the revenue of Welfare Benefit Plan For Employees Of Vermont Electric Power Company?
Welfare Benefit Plan For Employees Of Vermont Electric Power Company's revenue in 2023 was $1,432.
Who are the executives of Welfare Benefit Plan For Employees Of Vermont Electric Power Company 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 Welfare Benefit Plan For Employees Of Vermont Electric Power Company?
Welfare Benefit Plan For Employees Of Vermont Electric Power Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Welfare Benefit Plan For Employees Of Vermont Electric Power Company
The Welfare Benefit Plan for Employees of Vermont Electric Power Company is dedicated to providing post-retirement benefits beyond the pension offered by Vermont Electric Power Company to its retirees and their dependents. In essence, this organization aims to enhance the retirement lifestyle of Vermont Electric Power Company retirees by offering additional benefits. This plan is intended to cater to the non-pension related needs of retirees, ensuring they maintain a satisfactory standard of living post their working years.
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Impact
October, 2024
The Welfare Benefit Plan for Employees of Vermont Electric Power Company provides essential postretirement benefits to retirees and their dependents, ensuring that they have access to crucial health and welfare support after their careers have ended. This plan plays a significant role in enhancing the quality of life for retirees by offering benefits beyond traditional pensions, which can include health insurance, life insurance, and other forms of assistance that contribute to financial stability and well-being.
By addressing the specific needs of retirees, the plan helps to alleviate concerns related to healthcare costs and other postretirement challenges. This support not only benefits the retirees themselves but also contributes to their families' security and peace of mind, creating a strong system of mutual support within the community.
The plan reinforces the company’s commitment to its workforce, fostering a sense of loyalty and appreciation among employees as they transition to retirement. Ultimately, the Welfare Benefit Plan serves as a vital resource that enhances the overall welfare of its retirees and their dependents, promoting long-term well-being and stability for those who have dedicated their careers to the Vermont Electric Power Company.
This information is meant to be a general summary of Welfare Benefit Plan For Employees Of Vermont Electric Power 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 2023.
- Investment Income: $1,307
- Gross Receipts: $17,458
Assets and Liabilities:
- Total Assets: $48,123
- Total Liabilities: $0
- Net Assets: $48,123
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Organization Details
Founding Year
1999
Principal Officer
Wilmington Trust
NTEE Category
Code: Y43 - Mutual benefit
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