Power Engineers Inc Employee Benefit Plan

Organization Overview

Power Engineers Inc Employee Benefit Plan is located in Hailey, ID. The organization was established in 2010. 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. Power Engineers Inc Employee Benefit Plan 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, Power Engineers Inc Employee Benefit Plan generated $36.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $37.2m during the year ending 12/2021. While expenses have increased by 7.1% 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 TRUST PROVIDES MEDICAL, VISION, AND DENTAL BENEFITS TO ALL FULL-TIME, PART-TIME, AND TEMPORARY EMPLOYEES OF POWER ENGINEERS, INC., WHO ARE 18 OR MORE YEARS OF AGE AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF MEDICAL, VISION AND DENTAL CLAIMS FOR ELIGIBLE EMPLOYEES AND DEPENDENTS UNDER THE POWER ENGINEERS, INC. VEBA TRUST. FOR THE YEAR ENDED DECEMBER 31, 2021 THE VEBA SERVED THE FOLLOWING PARTICIPANTS: 2,642 ACTIVE PARTICIPANTS; 28 SEPARATED PARTICIPANTS RECEIVING BENEFITS; 224 SEPARATED PARTICIPANTS ENTITLED TO FUTURE BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Delta Dental Of Idaho
Administrative Fees
$154,895
Blue Cross Of Idaho
Claims Management
$2,501,584
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$36,638,885
Investment income $602
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,639,487

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