Overview
What is Bank Of America Group Benefits Program Trust?
The Bank of America Group Benefits Program Trust serves as a trust that offers welfare benefit plans for Bank of America employees and their dependents. These plans encompass various aspects of wellbeing, including life, sickness, accident, medical, disability, and severance benefits. By providing these diverse offerings, the Trust aims to support and protect the financial and health-related needs of Bank of America's workforce.
Is Bank Of America Group Benefits Program Trust legitimate?
Bank Of America Group Benefits Program Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bank Of America Group Benefits Program 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: $81,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Bank Of America Group Benefits Program Trust
The Bank of America Group Benefits Program Trust is a dedicated entity that focuses on extending welfare benefit plans to employees and their dependents. With a commitment to enhancing the wellbeing of its workforce, this trust offers a range of plans encompassing life, sickness, accident, medical, disability, severance, and other similar benefits. By providing these essential coverage options, Bank of America Group Benefits Program Trust aims to ensure that employees and their loved ones are protected and supported during various stages of life.
In pursuit of its mission, the trust meticulously curates and administers these welfare benefit plans, offering peace of mind and financial security to those it serves. Each benefit plan is designed to address distinct aspects of an individual's wellbeing, providing comprehensive coverage for life's uncertainties. The trust's unwavering dedication to its mission reflects its belief that the provision of these essential benefits plays a crucial role in fostering a workforce that remains focused, engaged, and resilient.
By offering these welfare benefit plans, Bank of America Group Benefits Program Trust demonstrates its unwavering commitment to the wellbeing of its employees and their families. The trust's offerings enable individuals to weather life's challenges with greater ease and assurance, allowing them to concentrate on their work and personal lives with confidence. In doing so, Bank of America Group Benefits Program Trust fosters a culture of support and care, underscoring its importance as a trusted partner and advocate for its employees.
Impact
This information is meant to be a general summary of Bank Of America Group Benefits Program Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Bank Of America Group Benefits Program Trust directly impacts employees and their dependents by providing welfare benefit plans for life, sickness, accident, medical, disability, severance, and other similar benefits. This trust plays a vital role in ensuring the well-being and security of the individuals covered under its welfare benefit plans. It serves as a source of support and assistance for employees and their families, contributing to their overall quality of life and financial stability. This impact is significant in providing mutual benefits to the participants of the trust.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$742,598,901
EMPLOYER CONTRIBUTIONS
Revenue
$1,789,518,889
Organization Details
Founding Year
1998
Phone
(888) 866-3275
Main Address
PO BOX 653067, DALLAS, TX, 752653067
NTEE Category
Code: Y30 - Mutual benefit
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