Mdu Resources Group Inc Employee Benefit Trust

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

EIN: 450359941 ✦ Bismarck, ND ✦ Designated as a 501(c)(9)

Overview

What is Mdu Resources Group Inc Employee Benefit Trust?

MDU Resources Group Inc Employee Benefit Trust is a charitable trust based in Bismarck, North Dakota, primarily dedicated to handling health and welfare benefits for active employees and certain retired personnel from specific subsidiaries and divisions of MDU Resources Group, Inc. By providing payments for various claims and premiums, this trust ensures that eligible employees have access to essential health and welfare services.


Is Mdu Resources Group Inc Employee Benefit Trust legitimate?

Mdu Resources Group Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mdu Resources Group Inc Employee Benefit 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 Mdu Resources Group Inc Employee Benefit Trust?
Who is the CEO of Mdu Resources Group Inc Employee Benefit Trust?
What is the revenue of Mdu Resources Group Inc Employee Benefit Trust?
Who are the executives of Mdu Resources Group Inc Employee Benefit Trust and what are their salaries?
Where can I find the form 990 for Mdu Resources Group Inc Employee Benefit Trust?

Mission Statement of Mdu Resources Group Inc Employee Benefit Trust

MDU Resources Group Inc Employee Benefit Trust is a dedicated program that assumes financial responsibility for paying various health and welfare claims and premiums for active employees and certain retired staff members of specific subsidiaries and divisions within MDU Resources Group, Inc. The primary objective of this trust is to ensure the well-being and financial security of the workforce by managing and processing their health and welfare benefits.

By undertaking the payment process for health and welfare claims and premiums, MDU Resources Group Inc Employee Benefit Trust plays a crucial role in enhancing the overall work environment and employee satisfaction. The trust provides a sense of security and peace of mind to employees, allowing them to focus on their job responsibilities and personal well-being without undue financial stress.

Moreover, by managing these benefits, MDU Resources Group Inc Employee Benefit Trust contributes significantly to the retention and motivation of employees. By offering comprehensive benefits packages, the trust helps to attract and retain top talent, which in turn fosters a more productive and engaged workforce. These benefits not only include coverage for medical, dental, and vision care but also extend to other essential services such as disability and life insurance.

In summary, MDU Resources Group Inc Employee Benefit Trust acts as a vital bridge between MDU Resources Group, Inc., and its employees, ensuring their health and welfare needs are met in a timely and efficient manner. By managing the payment process for a range of benefits, the trust plays a significant role in enhancing employee morale, motivation, and overall job satisfaction.

Impact

This information is meant to be a general summary of Mdu Resources Group Inc Employee Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Mdu Resources Group Inc Employee Benefit Trust plays a significant role in providing payment for various health and welfare claims and premiums for active employees and certain retired employees of specific subsidiaries and divisions of MDU Resources Group. This support directly contributes to the well-being and financial security of employees and retirees by helping to alleviate the burden of healthcare costs. Through its services, the Trust plays a crucial role in ensuring that individuals can access essential health services and maintain their quality of life, ultimately enhancing the overall employee experience within the organization.





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: $87,336
  • Program Service Revenue: $97,675,851
  • Gross Receipts: $97,763,187

    • Assets and Liabilities:
  • Total Assets: $9,834,698
  • Total Liabilities: $10,385,980
  • Net Assets: -$551,282
  • Programs

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

    EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO TRUST

    Revenue

    $97,675,851

    Organization Details

    Founding Year

    1980

    Principal Officer

    Jason L Vollmer

    Main Address

    PO BOX 5650, Bismarck, ND, 585065650

    NTEE Category

    Code: Y40 - Mutual benefit

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