Overview
What is The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust is a trust fund based in Newark, New Jersey, at 751 Broad Street, 18th Floor. Its primary objective is to provide post-retirement health benefits for participants and their dependents enrolled in The Prudential Retiree Welfare Benefits Plan. By making payments to insurance carriers and contract administrators, the trust aims to ensure the continuity of healthcare coverage for retirees, supporting their wellbeing in their golden years.
Is The Prudential Retiree Health Benefits Trust legitimate?
The Prudential Retiree Health Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Prudential Retiree Health Benefits 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
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What is the mission statement of The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust is designed to finance post-retirement health benefits for participants and their dependents in the Prudential Retiree Welfare Benefits Plan. Its primary objective is to ensure the continuity of health benefits for retirees. The Trust makes payments to insurance carriers and contract administrators to cover post-retirement health benefits for eligible individuals. The Trust's purpose is to maintain the financial security and well-being of retirees by providing them with essential health coverage in their post-career years. The Trust's mission is centered around providing peace of mind to retirees by continuing to fund their health benefits long after they have left their active employment.
Who is the CEO of The Prudential Retiree Health Benefits Trust?
Prudential Trust Co is the Principal Officer of The Prudential Retiree Health Benefits Trust.
What is the revenue of The Prudential Retiree Health Benefits Trust?
The Prudential Retiree Health Benefits Trust's revenue in 2022 was $67,882,462.
Who are the executives of The Prudential Retiree Health Benefits Trust and what are their salaries?
- Gary Neubeck (Member Of Inv. Oversight Committee) [Trustee/Director]
- Sara Bonesteel (Member Of Inv. Oversight Committee) [Trustee/Director]
- Lucien Alziari (Member Of Inv. Oversight Committee) [Trustee/Director]
- Prudential Trust Company (Trustee)
Where can I find the form 990 for The Prudential Retiree Health Benefits Trust?
The The Prudential Retiree Health Benefits Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of The Prudential Retiree Health Benefits Trust
The Prudential Retiree Health Benefits Trust is a dedicated trust, designed to fund post-retirement health benefits for individuals enrolled in the Prudential Retiree Welfare Benefits Plan and their dependents. Established with the intention of ensuring financial support for healthcare expenses in the later years, the trust plays a vital role in securing the wellbeing of its beneficiaries.
By providing financial resources to insurance carriers and contract administrators, The Prudential Retiree Health Benefits Trust enables the continuation of health coverage for eligible retirees and their dependents. This support empowers them to access essential healthcare services and maintain their overall health and well-being during their retirement years. With the trust's unwavering commitment, retirees can focus on enjoying their post-career life without worrying about the financial burdens of healthcare expenses.
The Prudential Retiree Health Benefits Trust is an essential pillar of support for those who have worked hard for their retirement and deserve peace of mind when it comes to their health and wellbeing. By funding post-retirement health benefits, the trust allows its beneficiaries to live their golden years with confidence, knowing that they have access to the healthcare services they need to maintain their health and live a fulfilling life.
Impact
This information is meant to be a general summary of The Prudential Retiree Health Benefits Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Prudential Retiree Health Benefits Trust plays a crucial role in providing funding for post-retirement health benefits to participants and their dependents in the Prudential Retiree Welfare Benefits Plan. By making payments to insurance carriers and contract administrators for these benefits, the trust helps ensure that retirees have access to necessary healthcare services. Its impact lies in supporting the well-being and security of retirees who have dedicated their careers to the company.
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.
PARTICIPANT CONTRIBUTIONS
Revenue
$27,068,659
Organization Details
Founding Year
2004
Phone
(973) 802-4137
Principal Officer
Prudential Trust Co
Main Address
751 BROAD STREET 18TH FLOOR, NEWARK, NJ, 07102
NTEE Category
Code: Y40 - Mutual benefit
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