Employee Welfr Benft Pln Tr Of Fpl Grp Inc & Its Afflt Incl Fl Powr &

Organization Overview

Employee Welfr Benft Pln Tr Of Fpl Grp Inc & Its Afflt Incl Fl Powr & is located in Juno Beach, FL. The organization was established in 1988. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employee Welfr Benft Pln Tr Of Fpl Grp Inc & Its Afflt Incl FL Powr & is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Employee Welfr Benft Pln Tr Of Fpl Grp Inc & Its Afflt Incl FL Powr & generated $200.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $210.8m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE VEBA TRUST IS TO HOLD ASSETS OF THE "NEXTERA ENERGY, INC. EMPLOYEE HEALTH AND WELFARE PLAN" AND THE "NEXTERA ENERGY, INC. RETIREE BENEFITS PLAN".

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HEALTH AND WELFARE PLAN'S ACTIVITIES ARE TO PROVIDE MEDICAL, DENTAL, LIFE, VISION, PRESCRIPTION DRUG AND LONG/SHORT TERM DISABILITY BENEFITS, COUNSELING, REFERRAL SERVICES, AND REIMBURSEMENT OF PAID MEDICAL AND DEPENDENT CARE EXPENSES THROUGH IRS APPROVED FLEXIBLE SPENDING ACCOUNTS TO ELIGIBLE EMPLOYEES OF NEXTERA ENERGY, INC. THE PLAN IS ADMINISTERED BY INSURANCE COMPANIES AND BY THE COMPANY. AT THE END OF THE YEAR, THERE WERE 15,345 PARTICIPANTS.


THE RETIREE BENEFIT PLAN'S ACTIVITIES ARE TO PROVIDE MEDICAL, LIFE INSURANCE, PRESCRIPTION DRUG BENEFITS, DENTAL, COUNSELING AND REFERRAL SERVICES TO RETIREES OF NEXTERA ENERGY, INC. THE PLAN IS ADMINISTERED BY INSURANCE COMPANIES AND BY THE COMPANY. AT THE END OF THE YEAR, THERE WERE 7,821 PARTICIPANTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Webtpa
Benefits Administration
$10,047,406
Caremark
Benefits Administration
$922,970
Employer Direct Healthcare
Benefits Administration
$794,709
Embold
Benefits Administration
$1,016,404
Fidelity
Benefits Administration
$735,138
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$199,960,296
Investment income $10,400
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $663,788
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $200,634,484

Create an account to unlock the data you need.

or