Employee Welfare Benefit Plans Trust Of Fpl Group Inc & Its Affiliates

Employee Welfare Benefit Plans Trust of Fpl Group Inc & Its Affiliates serves as the trustee for the assets of Nextera Energy, Inc.'s Employee Health and Welfare Plan and Retiree Benefits Plan. The primary objective of this trust is to manage the financial operations of both plans, mainly processing and making payments for eligible expenses incurred by the plans' participants.

This trust plays a vital role in administering the benefits provided by the Health and Welfare Plan. Eligible employees of Nextera Energy, Inc. gain access to a comprehensive range of benefits, including medical, dental, life, vision, prescription drug, long-term and short-term disability, employee assistance, mental health services, substance abuse, and reimbursement of paid medical and dependent care expenses through IRS-approved flexible spending accounts. These benefits are provided by insurance companies and the company itself. The Health and Welfare Plan had 15,701 participants at the end of the year.

In simpler terms, Employee Welfare Benefit Plans Trust of Fpl Group Inc & Its Affiliates acts as a steward, managing the financial aspects of the two benefit plans for Nextera Energy, Inc. Employees under the company's umbrella can take advantage of a wide array of benefits designed to support their overall well-being, both physically and financially. By effectively managing the financial operations of the plans, the Trust ensures that eligible expenses are paid, providing peace of mind and security to the participants.