ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES (THE "COMPANY") ESTABLISHED THE ATLANTIC CITY MEDICAL CENTER GROUP LONG-TERM DISABILITY PLAN ("PLAN"), A DEFINED WELFARE BENEFIT PLAN, TO PROVIDE LONG-TERM DISABILITY BENEFITS FOR EMPLOYEES OF THE COMPANY, AS DEFINED IN THE PLAN. THE PLAN IS A SELF-INSURED PLAN AND CLAIMS ARE PAID THROUGH GENERAL ASSETS OF THE PLAN AND/OR THROUGH THE EMPLOYEE BENEFIT TRUST [AKA THE ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST] (THE "TRUST"). ELIGIBILITY REQUIREMENTS FOR PARTICIPATION IN THE PLAN ARE: ALL REGULAR FULL-TIME EMPLOYEES WORKING 40 HOURS PER WEEK ARE ELIGIBLE FOR COVERAGE ON THE FIRST DAY ACTIVELY AT WORK COINCIDING WITH OR FOLLOWING 12 MONTHS OF CONTINUOUS EMPLOYMENT. BENEFIT PAYMENTS ARE MADE BASED ON 50% OF MONTHLY EARNINGS AT TIME OF TOTAL DISABILITY, REDUCED BY OTHER INCOME BENEFITS, UP TO A MAXIMUM OF $2,500 PER MONTH. PARTICIPANTS MAY ELECT TO "BUY-UP" A HIGHER PERCENTAGE OF BENEFITS, UP TO A MAXIMUM OF 66-2/3%. THE BENEFIT PERIOD
Reported officers (all unpaid)
No paid executives reported in 2023. ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST reported 1 unpaid officer or board member on its 990.
Common questions about ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST
What are ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST's revenue and expenses?
In 2023, ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST reported $72k in total revenue and $5k in total expenses on its IRS Form 990.
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