THE PURPOSE OF THE NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST (THE "TRUST") IS TO PROVIDE A WELFARE BENEFITS PLAN FOR ALL ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION (THE "ASSOCIATION"). THE ICSO GROUP HEALTH AND WELFARE INSURANCE PLAN (THE "PLAN") PROVIDES PAYMENTS AND REIMBURSEMENTS OF QUALIFIED MEDICAL PREMIUMS AND EXPENSES INCURRED BY THE PARTICIPANTS. THE PAYMENTS ARE FOR QUALIFYING MEDICAL CARE EXPENSES, DEFINED BY SECTION 213(D)(1) OF THE CODE, OR MEDICAL INSURANCE COVERAGE. MEMBERSHIP BENEFITS FROM THE PLAN ARE NOT LIMITED TO OFFICERS, SHAREHOLDERS, OR HIGHLY COMPENSATED EMPLOYEES. THE APPOINTED TRUSTEES WILL BE RESPONSIBLE FOR THE MANAGING OF THE FUND.
Reported officers (all unpaid)
No paid executives reported in 2023. NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST reported 3 unpaid officers and board members on its 990.
What Mutual & Membership Benefit executives earn
NEW JERSEY UNDERWRITING ASSOCIATION RETIREE MEDICAL TRUST reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable mutual & membership benefit organization nationwide earns a median of $19,468.
These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).
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