Ascension Welfare Benefits Trust

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

EIN: 431601369 ✦ St louis, MO ✦ Designated as a 501(c)(9)

Overview

What is Ascension Welfare Benefits Trust?

The Ascension Welfare Benefits Trust is a nonprofit organization primarily focused on managing and investing contributions for various employee benefit plans offered by Ascension Health and its related organizations. The scope of these benefits includes dental, vision, disability, life, accidental death and dismemberment, postretirement healthcare, and employee assistance programs. The trust serves the employees of Ascension Health and its related organizations, providing them with essential benefits and support throughout their careers and into retirement.


Is Ascension Welfare Benefits Trust legitimate?

Ascension Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ascension Welfare 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

For more financial information, click here


What is the mission statement of Ascension Welfare Benefits Trust?
What is the revenue of Ascension Welfare Benefits Trust?
Who are the executives of Ascension Welfare Benefits Trust and what are their salaries?
Where can I find the form 990 for Ascension Welfare Benefits Trust?

Mission Statement of Ascension Welfare Benefits Trust

Ascension Welfare Benefits Trust, a national healthcare plan provider, is committed to receiving, holding, and investing contributions for dental, disability, life, accidental death and dismemberment, vision, postretirement health care, and employee assistance benefit plans for employees of Ascension Health and its related organizations. The Trust serves as a vital resource for Ascension Health's workforce, providing them with essential benefits and programs that ensure their overall well-being.

The Trust's mission extends beyond routine employee benefits. It includes offering dental, vision, and disability coverage to help employees maintain their health and wellness. Additionally, it administers life, accidental death and dismemberment, and postretirement health care benefits, ensuring that employees and retirees are financially protected in various aspects of their lives. Furthermore, the Trust's employee assistance programs offer valuable resources to help employees manage life's challenges, such as counseling services and work-life balance support.

In summary, Ascension Welfare Benefits Trust plays a crucial role in supporting Ascension Health's employees by providing a comprehensive range of benefits and programs. These offerings help employees maintain their physical and mental health, address financial concerns, and navigate life's various challenges. The Trust's commitment to Ascension Health's workforce is an essential part of the organization's overall mission to promote the well-being of its employees and, by extension, the patients they serve.

Impact

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




Thursday, August 15, 2024

Ascension Welfare Benefits Trust plays a crucial role in providing essential benefits such as dental, disability, life, accidental death and dismemberment, vision, postretirement health care, and employee assistance programs to employees of Ascension Health and its related organizations. Additionally, it offers retiree medical benefits for former employees of these organizations. By managing and investing contributions for these benefit plans, Ascension Welfare Benefits Trust significantly impacts the well-being and financial security of employees and retirees, ensuring they have access to necessary healthcare and support services. This organization's efforts contribute to the overall welfare and satisfaction of the workforce within the Ascension Health network.





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: $-15,994,315
  • Program Service Revenue: $219,590,038
  • Gross Receipts: $646,980,374

    • Assets and Liabilities:
  • Total Assets: $194,842,513
  • Total Liabilities: $129,898,730
  • Net Assets: $64,943,783
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Disability Plan

    Revenue

    $97,227,007

    National Healthcare Plan

    Revenue

    $81,864,940

    GROUP LIFE PLAN

    Revenue

    $39,769,184

    Health Ministry Retiree Plan

    Revenue

    $728,907

    Organization Details

    Founding Year

    1992

    Main Address

    C/O TAX DEPARTMENT PO BOX 45998, St Louis, MO, 631455998

    NTEE Category

    Code: Y40 - Mutual benefit

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