BAE SYSTEMS WELFARE BENEFIT TRUST
2941 FAIRVIEW PARK DR FL 13, FALLS CHURCH, VA 22042

Total Revenue
$375,571,809
Total Expenses
$366,961,383
Net Assets
$21,471,930

Organizations Filed Purposes: TO FUND WELFARE BENEFITS PURSUANT TO IRC SECTION 501(C)(9).

The organization is a Voluntary Employees Beneficiary Association that provides for medical, disability & other benefits. Approximately 40,000 participants were subject to benefits.

THE EXEMPT PURPOSE OF THE TRUST IS TO FUND THE PAYMENT OF HEALTH AND WELFARE BENEFITS. THE AGGREGATE EXPENSE AMOUNT WAS PRIMARILY FOR THE PAYMENT OF HEALTH AND WELFARE BENEFITS, WITH THE REMAINDER BEING PAYMENT OF ADMINISTRATIVE EXPENSES RELATED TO THE TRUST'S EXEMPT PURPOSE. THE REVENUE RECEIVED BY THE TRUST WAS PRIMARILY EMPLOYER AND PARTICIPANT CONTRIBUTIONS, WITH THE REMAINDER BEING INVESTMENT INCOME, REBATES, AND REFUNDS FROM INSURANCE CARRIERS, AND TRANSFERS FROM OTHER TRUSTS TO FUND PLAN LIABILITIES TRANSFERRED TO THIS TRUST.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jp Morgan Chase BankTRUSTEE3$5,700

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013119349301821_public.xml