Overview
What is Insurance Company Supported Organizations Group Benefit Plan?
Insurance Company Supported Organizations Group Benefit Plan, abbreviated as ICSO H&W, is a nonprofit organization headquartered at 3601 Vincennes Road, Indianapolis, IN, 46268. ICSO H&W specializes in providing life, dental, vision, and disability benefits to eligible employees of member companies, under group insurance contracts with insurance companies. They administer and service medical health insurance plans and flexible spending accounts (FSAs) for these member companies, handling the processing of FSA funds limited to healthcare and dependent care benefits. ICSO H&W simplifies administration, offers expert advice, and grants access to a unique mix of employee benefits products designed for Insurance Company Supported Organizations, their employees, and retirees.
Is Insurance Company Supported Organizations Group Benefit Plan legitimate?
Insurance Company Supported Organizations Group Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insurance Company Supported Organizations Group Benefit 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 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 Insurance Company Supported Organizations Group Benefit Plan?
The Insurance Company Supported Organizations Group Benefit Plan offers simplified administration and expert advice to insurance company-backed organizations, along with access to a diverse selection of employee benefits products. They cater to the benefits needs of these organizations, their employees, and retirees, providing group insurance contracts for life, dental, vision, and disability benefits. The plan also administers and services medical health insurance plans, sponsored by member companies, and processes funds for Flexible Spending Accounts sponsored by the member company, limited to healthcare and dependent care benefits.
Who is the CEO of Insurance Company Supported Organizations Group Benefit Plan?
Douglas Jensen is the Chairman of Insurance Company Supported Organizations Group Benefit Plan.
What is the revenue of Insurance Company Supported Organizations Group Benefit Plan?
Insurance Company Supported Organizations Group Benefit Plan's revenue in 2022 was $12,790,785.
Who are the executives of Insurance Company Supported Organizations Group Benefit Plan and what are their salaries?
- Douglas Jensen (Chairman) [Trustee/Director]
- Ron Cassesso (Vice Chairma) [Trustee/Director]
- Shawn Brace (Trustee)
- Tim Schotke (Trustee)
- Heidi Weber (Trustee)
Where can I find the form 990 for Insurance Company Supported Organizations Group Benefit Plan?
The Insurance Company Supported Organizations Group Benefit Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Insurance Company Supported Organizations Group Benefit Plan
Insurance Company Supported Organizations Group Benefit Plan, or ICSO H&W, is a unique entity that offers simplified administration and expert advice to insurance company-supported organizations, their employees, and retirees. The mission of ICSO H&W revolves around providing access to a diverse range of employee benefits products under group insurance contracts with insurance companies.
ICSO H&W acts as a trusted intermediary, administering and servicing medical health insurance plans sponsored by member companies. These plans are procured through a broker of record for the member company, ensuring a seamless and efficient process. Furthermore, ICSO H&W administers and services Flexible Spending Accounts (FSA) sponsored by the member company. The funds of the member company are processed to pay for FSA benefits, which are limited to healthcare and dependent care benefits.
By offering life, dental, vision, and disability benefits to eligible employees of member companies, ICSO H&W plays a crucial role in enhancing the overall well-being and financial security of the workforce. The organization's commitment to simplified administration and expert advice makes it an indispensable partner for insurance company-supported organizations, enabling them to focus on their core missions while leaving the benefits administration to the professionals at ICSO H&W.
Impact
This information is meant to be a general summary of Insurance Company Supported Organizations Group Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Insurance Company Supported Organizations Group Benefit Plan is significant in providing simplified administration, expert advice, and access to a unique mix of employee benefits products for insurance company supported organizations, their employees, and retirees. By offering life, dental, vision, and disability benefits to eligible employees of member companies under group insurance contracts with insurance companies, the plan ensures that individuals receive crucial coverage. Additionally, by administering and servicing medical health insurance plans procured through a broker, as well as flexible spending accounts limited to health care and dependent care benefits, the plan supports the well-being and financial security of employees and retirees.
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.
EMPLOYER CONTRIBUTIONS
Revenue
$12,169,197
EMPLOYEE CONTRIBUTIONS
Revenue
$278,691
ADMINISTRATIVE FEES-POST 65
Revenue
$162,208
ADMINISTRATIVE FEES
Revenue
$153,893
ADMINISTRATIVE FEES-PRE 65
Revenue
$16,796
Organization Details
Founding Year
1966
Phone
(317) 875-5250
Principal Officer
Douglas Jensen
Main Address
3601 VINCENNES ROAD, INDIANAPOLIS, IN, 46268
NTEE Category
Code: Y43 - Mutual benefit
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