Cause IQ organization profile

Uaw Retiree Medical Benefits Trust

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Uaw Retiree Medical Benefits Trust is a pension or retirement fund based in Detroit, MI that was founded in 2008. As of 2019 they had $5.0 billion in revenue and $60 billion in assets.

A voluntary employees beneficiary association organized to hold, invest and administer funds for post-retirement Medical Benefits. The primary mission of the rmbt is to serve as a source for Retiree health care coverage for its' members. A voluntary e...

EIN:
90-0424876
City:
State:
Website:
Founded:
2008
Type:
501(c)(9)
NTEE:
Revenue:
$5,050,881,621
Assets:
$60,352,981,832
Employees:
144
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Uaw Retiree Medical Benefits Trust

The Uaw Retiree Medical Benefits Trust (the "Trust") provides health care Benefits to eligible current and future Uaw retirees from general motors, ford, and chrysler (now known as fiat chrysler america or fca), along with their eligible dependents. The Trust is an independent entity and is not governed by, or a part of, the Uaw or the auto companies. This arrangement was established through a provision in the 2007 collective bargaining agreements between the Uaw and the three auto companies. Under these agreements, all of the Retiree health care liabilities were transferred to a new and independent voluntary employees' beneficiary association (veba). The federal courts approved these agreements in a series of class action settlements, and the arrangements were also approved by the bankruptcy courts in the general motors and chrysler chapter 11 bankruptcy proceedings during 2009. The Trust is governed by an 11-person committee comprised of six independent members ...

Form 990s for Uaw Retiree Medical Benefits Trust

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 3, 2020990View PDF
2017-12Sep 20, 2019990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Dec 27, 2017990OView PDF
2015-12Mar 2, 2017990OView PDF
...and seven more Form 990 PDFs

Financials for Uaw Retiree Medical Benefits Trust

Field2018
Total grants, contributions, etc.$0
Program services$696,897,610
Investment income and dividends$1,193,416,754
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,953,254,378
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$207,312,879
Total revenues$5,050,881,621

Vendors for Uaw Retiree Medical Benefits Trust

VendorServicesAmount paidDate
Deloitte Tax LLPTax accounting; Audit accounting2020-02-03
██████Fundraising software2020-01-21
███████ ███ ████Fundraising software; Payment processing2020-01-21
████ █████ ████ ██████ ██ ████████Insurance; Claims Administration$80,964,0502019-12-31
█████ ██████ ██ ████████Insurance; Claims Administration$10,510,3392019-12-31
███ ████████ ████ █████████ ███████ ██ ███████Insurance2019-12-31
████ ████ ███████ ██ ████████Insurance2019-12-31
██████████ █████ ████████ ████Insurance agent or broker$31,7072019-12-31
...and six more vendors

Personnel at Uaw Retiree Medical Benefits Trust

NameTitleCompensationMost recent data
Hershel HarperChief Investment Officer$717,551Jan. 28, 2020
Mary Beth KuderikChief Strategy and Financial Officer$476,813Feb. 3, 2020
█████████ ██████Chief Information Officer-Jan. 28, 2020
██████ █████Chief Administrative Officer$347,264Dec. 31, 2018
████ ███████Chief Medical Officer-Jan. 28, 2020
████████ ██████Executive Director$467,160Jan. 28, 2020
█████ ██████Controller$302,003Dec. 31, 2018
████████ ██████Past Managing Director$801,585Dec. 31, 2018
███████ ████████Past Senior Managing Director$551,467Dec. 31, 2018
█████ ██████Past Managing Director$670,753Dec. 31, 2018
...and three more key personnel

Peer pension and retirement funds

 NameTypeRevenueLocation
1Wells Fargo & Co Employee Benefit Trust501(c)(9)$2.6 billionSan Francisco, CA
2Railroad Employees National Health and Welfare Plan501(c)(9)$1.7 billionArlington, VA
3Bank of America Group Benefits Program Trust501(c)(9)$2.2 billionDallas, TX
4The Boeing Company Veba Master Trust501(c)(9)$2.4 billionBrooklyn, NY
5General Electric Insurance Plan Trust501(c)(9)$1.5 billionStamford, CT
6Jpmorgan Chase Veba Trust for Active Employees501(c)(9)$1.9 billionNew York, NY
7At&t Veba Trust501(c)(9)$3.4 billionDallas, TX