Overview
What is Rbc Usa Health & Welfare Benefit Plan?
Rbc Usa Health & Welfare Benefit Plan is a self-insured employee welfare benefit program based in Jersey City, New Jersey. This nonprofit organization provides medical and dental coverage to eligible employees and former employees of U.S. subsidiaries and branches of Royal Bank of Canada, in compliance with the Consolidated Omnibus Budget Reconciliation Act (COBRA). The mission of the plan is to ensure that certain employees of employer companies have access to essential medical and dental benefits.
Is Rbc Usa Health & Welfare Benefit Plan legitimate?
Rbc Usa Health & Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rbc Usa Health & Welfare 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 Rbc Usa Health & Welfare Benefit Plan?
The Rbc Usa Health & Welfare Benefit Plan is a self-insured employee welfare benefit program, which extends medical and dental coverage to eligible employees and former employees of US subsidiaries and branches of Royal Bank of Canada. The primary objective of this plan is to ensure that certain employees receive essential health and dental benefits, even after their employment status may have changed. By offering these benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the plan enables individuals to continue their coverage, thus maintaining access to crucial health services.
Who is the CEO of Rbc Usa Health & Welfare Benefit Plan?
Rohit Sharma is the See Schedule O of Rbc Usa Health & Welfare Benefit Plan.
What is the revenue of Rbc Usa Health & Welfare Benefit Plan?
Rbc Usa Health & Welfare Benefit Plan's revenue in 2022 was $162,971,805.
Who are the executives of Rbc Usa Health & Welfare Benefit Plan and what are their salaries?
- See Schedule O (See Schedule O)
Where can I find the form 990 for Rbc Usa Health & Welfare Benefit Plan?
The Rbc Usa Health & Welfare Benefit Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Rbc Usa Health & Welfare Benefit Plan
The Rbc Usa Health & Welfare Benefit Plan is a self-insured employee welfare benefit program that extends medical and dental coverage to eligible employees and former employees of U.S. subsidiaries and branches of Royal Bank of Canada. In essence, this plan serves as an essential safety net, offering essential healthcare services to a selected group of people in the organization's workforce.
Through this initiative, the Rbc Usa Health & Welfare Benefit Plan ensures that its beneficiaries continue to have access to vital medical and dental benefits even after they have left their employment with the covered subsidiaries. This commitment to providing continued healthcare coverage is made possible under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a significant piece of legislation that enables individuals to maintain their group health coverage when they would otherwise lose it due to a qualifying event.
By offering medical and dental benefits, the Rbc Usa Health & Welfare Benefit Plan plays a crucial role in promoting the overall health and well-being of its members. This, in turn, can lead to increased productivity, lower absenteeism, and improved morale within the workforce. In summary, the Rbc Usa Health & Welfare Benefit Plan is a vital component in the support structure for the health and well-being of eligible employees and former employees of U.S. subsidiaries and branches of Royal Bank of Canada.
Impact
This information is meant to be a general summary of Rbc Usa Health & Welfare 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 Rbc Usa Health & Welfare Benefit Plan plays a crucial role in providing essential medical, pharmacy, and dental benefits to eligible employees and former employees of US subsidiaries of RBC. By offering these benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA), this self-insured employee welfare benefit plan supports the well-being and healthcare needs of individuals who are part of the workforce. Its impact can be seen in improving access to healthcare services, promoting financial security through insurance coverage, and contributing to the overall health and welfare of employees and their families.
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:
Organization Details
Founding Year
2002
Phone
(212) 428-6200
Principal Officer
Rohit Sharma
Main Address
30 Hudson Street 29th Floor - Tax, Jersey City, NJ, 07302
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Rbc Usa Health & Welfare Benefit Plan and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.