Overview
What is Sonoco Employees Benefit Trust?
Sonoco Employees Benefit Trust is a Hartsville, South Carolina-based funding vehicle that supports group health and welfare plans for employees and retirees of Sonoco Products Company. The trust, with a USAddress located at 1 North 2nd Street A01, covers various benefits such as medical, dental, and group life insurance premiums. As a nonprofit entity, its primary mission is to ensure the well-being of Sonoco's workforce by providing essential benefits, enabling them to maintain optimal health and well-being.
Official website here: www.sonoco.com
Is Sonoco Employees Benefit Trust legitimate?
Sonoco Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sonoco Employees 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
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Official website here: www.sonoco.com
What is the mission statement of Sonoco Employees Benefit Trust?
The Sonoco Employees Benefit Trust serves as a funding source for group health and welfare plans, catering to the needs of employees and retirees of Sonoco Products Company. Its primary mission is to provide financial resources for these plans, ensuring the coverage of medical and dental expenses, as well as group life insurance premiums for its members. By offering these benefits, the Trust aims to enhance the well-being and overall quality of life for those affiliated with Sonoco Products Company.
Official website here: www.sonoco.com
Who is the CEO of Sonoco Employees Benefit Trust?
Christopher D Moss is the Chief Financial Officer of Sonoco Employees Benefit Trust.
Official website here: www.sonoco.com
What is the revenue of Sonoco Employees Benefit Trust?
Sonoco Employees Benefit Trust's revenue in 2022 was $121,194,000.
Official website here: www.sonoco.com
Who are the executives of Sonoco Employees Benefit Trust and what are their salaries?
- Robert Dillard (Chief Financial Officer)
- Christopher D Moss (Director, Employee Benefits)
Official website here: www.sonoco.com
Where can I find the form 990 for Sonoco Employees Benefit Trust?
The Sonoco Employees Benefit Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sonoco.com
Learn more at the official website: www.sonoco.com
Mission Statement of Sonoco Employees Benefit Trust
Sonoco Employees Benefit Trust, a funding vehicle based on a group health and welfare mission, is dedicated to providing essential benefits for the employees and retirees of Sonoco Products Company. The Trust's primary role is to ensure the financial support needed for various group health and welfare plans.
In simple terms, the Sonoco Employees Benefit Trust serves as a financial backbone, funding the medical, dental, and group life insurance plans for the workforce and retired personnel of Sonoco Products Company. By doing so, it effectively lessens the financial burden on the employees and enables them to access crucial health and welfare services with ease.
The Trust's resources are allocated towards funding the aforementioned benefits, which include medical and dental claims and group life insurance premiums for its members. This commitment to providing financial stability for its members' health and well-being is a testament to the Sonoco Employees Benefit Trust's unwavering mission.
Impact
This information is meant to be a general summary of Sonoco Employees 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 impact of Sonoco Employees Benefit Trust is instrumental in providing funding for group health and welfare plans covering employees and retirees of Sonoco Products Company. By supporting the payment or accrual of benefits for its members, including medical and dental claims as well as group life insurance premiums, the Trust plays a vital role in safeguarding the well-being and security of those affiliated with the company. Through its mission to provide financial resources for comprehensive health and welfare coverage, Sonoco Employees Benefit Trust makes a significant contribution to the overall welfare and satisfaction of Sonoco 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:
Organization Details
Founding Year
1998
Phone
(843) 383-7000
Principal Officer
Christopher D Moss
Main Address
1 North 2nd Street A01, Hartsville, SC, 29550
Website
www.sonoco.com
NTEE Category
Code: Y40 - Mutual benefit
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