John Hancock Marketing Representative Welfare Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043228901 ✦ Boston, MA ✦ Designated as a 501(c)(9)

Overview

What is John Hancock Marketing Representative Welfare Trust?

The John Hancock Marketing Representative Welfare Trust is a nonprofit trust established to manage the self-insured benefits of certain John Hancock Life Insurance Co employees, their dependents, and retirees. By operating as a voluntary employee's beneficiary association trust, the organization aims to fund and administer these benefits, ensuring financial support for those eligible.


Is John Hancock Marketing Representative Welfare Trust legitimate?

John Hancock Marketing Representative Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. John Hancock Marketing Representative Welfare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of John Hancock Marketing Representative Welfare Trust?
Who is the CEO of John Hancock Marketing Representative Welfare Trust?
What is the revenue of John Hancock Marketing Representative Welfare Trust?
Who are the executives of John Hancock Marketing Representative Welfare Trust and what are their salaries?
Where can I find the form 990 for John Hancock Marketing Representative Welfare Trust?

Mission Statement of John Hancock Marketing Representative Welfare Trust

The John Hancock Marketing Representative Welfare Trust is a voluntary employee's beneficiary association trust that plays a significant role in funding and managing the self-insured benefits for specific employees, dependents, and retirees of John Hancock Life Insurance Co. Established as a trust, its mission is to provide essential support to the designated beneficiaries of John Hancock Life Insurance Co.

The trust functions as a safety net for eligible individuals, ensuring they have access to vital benefits that may not be covered by other insurance plans. By self-insuring, the trust is able to tailor the benefits to the unique needs of its beneficiaries, providing them with financial security and peace of mind.

In summary, the John Hancock Marketing Representative Welfare Trust serves as a crucial provider of self-insured benefits for specified employees, dependents, and retirees of John Hancock Life Insurance Co. Its mission is to offer essential financial assistance, enhancing the overall well-being of those it serves.

Impact

This information is meant to be a general summary of John Hancock Marketing Representative Welfare Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The John Hancock Marketing Representative Welfare Trust plays a crucial role in funding and administering self-insured benefits for specific employees, dependents, and retirees of John Hancock Life Insurance Co. This initiative provides valuable welfare support to its members, ensuring they have access to essential benefits and services. Through its operation as a voluntary employee's beneficiary association trust, the John Hancock Marketing Representative Welfare Trust positively impacts the lives of those affiliated with John Hancock Life Insurance Co by safeguarding their well-being and security.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,338,037
  • Program Service Revenue: $0
  • Gross Receipts: $12,338,037

    • Assets and Liabilities:
  • Total Assets: $208,775,040
  • Total Liabilities: $27,313,680
  • Net Assets: $181,461,360
  • Organization Details

    Founding Year

    1991

    Principal Officer

    George Mccarthy

    Main Address

    200 BERKELEY STREET C-5, BOSTON, MA, 02116

    NTEE Category

    Code: Y43 - Mutual benefit

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