Nonprofit · EIN 90-0424876
UAW RETIREE MEDICAL BENEFITS TR
Tax-exempt · DETROIT, MI 48214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,497,349,318 | $3,295,258,214 | $202,091,104 | $62,856,283,467 | $2,656,854,897 | $60,199,428,570 |
| December 31, 2023 | 990 | $2,584,345,827 | $2,947,780,585 | -$363,434,758 | $64,033,874,200 | $3,518,060,272 | $60,515,813,928 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $450,501,922
- Investment income
- $1,983,072,553
- Net gain from sales of assets
- $579,054,730
- Other revenue
- $1,063,774,843
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,730,141,395
- Compensation of officers, directors and key employees
- $4,302,987
- Other salaries and wages
- $19,607,925
- Salaries, compensation and benefits (total)
- $28,441,438
- Professional fundraising fees
- $0
- Legal fees
- $1,397,307
- Accounting fees
- $3,907,179
- Occupancy
- $1,623,180
- Travel
- $393,044
Balance sheet and other
- Total assets, start of year
- $64,033,874,200
- Total assets, end of year
- $62,856,283,467
- Total liabilities, end of year
- $2,656,854,897
- Net assets, end of year
- $60,199,428,570
- Publicly traded securities
- $33,737,806,516
- Net assets without donor restrictions
- $60,199,428,570
- Gross unrelated business income
- $402,257,623
- Gross receipts
- $96,075,667,181
- Employees
- 124
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HERSHEL HARPER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,703,436 | $59,447 |
| KENNETH STEMME | SR MANAGING DIR INCOME STRATEG Highest-paid employee | 60 | $762,379 | $44,290 |
| ROBERT MACARTHUR | CHIEF RISK OFFICER Key employee | 60 | $730,316 | $51,947 |
| GARON MEIKLE | CHIEF FINANCIAL OFFICER Officer | 60 | $677,509 | $43,118 |
| GINA BUCCALO | CHIEF MEDICAL OFFICER Highest-paid employee | 60 | $627,302 | $53,624 |
| BRIAN BAUMHOVER | DIRECTOR-REAL ASSETS Highest-paid employee | 60 | $525,059 | $58,947 |
| JOE STACKPOOLE | CHIEF INVESTMENT ADMIN OFFICER Highest-paid employee | 60 | $545,871 | $30,500 |
| CAMERON HAMILTON-WRIGHT | SR MANAGING DIR PORTFOLIO STRA Highest-paid employee | 60 | $519,268 | $51,947 |
| JESSICA GUBING | CEO AS OF 6/4/24 Officer | 60 | $483,264 | $23,000 |
| MARTIN TYLENDA | CONTROLLER Key employee | 60 | $341,374 | $59,447 |
| PHILIP CASTROGIOVANNI | CLO AS OF 9/23/24 Officer | 60 | $121,906 | $8,224 |
| ROBERT NAFTALY | COMMIT MBR,CHAIR UNTIL 11/3/24 Trustee or director | 3 | $84,045 | $0 |
| AMY ROBINSON | COMMITTEE MEMBER Trustee or director | 2 | $70,716 | $0 |
| GERALD BANTOM | COMMITTEE MEMBER Trustee or director | 2 | $67,832 | $0 |
| CELESTE T WILLIAMS MD | COMMITTEE MEMBER Trustee or director | 2 | $67,832 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| R EVAN INGLIS | COMMITTEE MEMBER Trustee or director | 2 | $65,042 |
| DENISE LEWIS | COMMIT MBR,CHAIR AS OF 12/5/24 Trustee or director | 2 | $64,949 |
| MARK ANSON | COMMITTEE MEMBER Trustee or director | 2 | $3,547 |
| CHARLES BROWNING | COMMITTEE MEMBER Trustee or director | 2 | $0 |
| SHAWN FAIN | COMMITTEE MEMBER Trustee or director | 2 | $0 |
| MIKE BOOTH | COMMITTEE MEMBER Trustee or director | 2 | $0 |
| RICH BOYER | COMMITTEE MEMBER Trustee or director | 2 | $0 |
| STATE STREET BANK TRUST | INSTITUTIONAL TRUSTEE Institutional trustee | 2 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HERSHEL HARPER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,540,888 | $54,433 |
| DEBRA RITTENOUR | CEO UNTIL 5/12/23 Officer | 60 | $967,321 | $33,311 |
| ROBERT MACARTHUR | CHIEF RISK OFFICER Key employee | 60 | $702,956 | $49,933 |
| GARON MEIKLE | CHIEF FINANCIAL OFFICER Officer | 60 | $706,237 | $42,775 |
| GINA BUCCALO | CHIEF MEDICAL OFFICER Highest-paid employee | 60 | $603,895 | $53,461 |
| BRIAN BAUMHOVER | DIRECTOR-REAL ASSETS Highest-paid employee | 60 | $526,376 | $57,385 |
| KENNETH STEMME | Sr Managing Dir Income Strateg Highest-paid employee | 60 | $512,618 | $39,874 |
| ARLENE JONES-MCCALLA | Director Income Strategies Highest-paid employee | 60 | $488,100 | $56,200 |
| JOE STACKPOOLE | CHIEF INVESTMENT ADMIN OFFICER Highest-paid employee | 60 | $492,246 | $30,936 |
| LINDA DENOMME | CLO UNTIL 5/12/23 Officer | 60 | $383,661 | $11,592 |
| MARTIN TYLENDA | CONTROLLER Key employee | 60 | $329,509 | $57,424 |
| ROBERT NAFTALY | COMMITTEE CHAIR Trustee or director | 3 | $72,545 | $0 |
| CELESTE T WILLIAMS MD | COMMITTEE MEMBER Trustee or director | 2 | $65,023 | $0 |
| GERALD BANTOM | COMMITTEE MEMBER Trustee or director | 2 | $62,366 | $0 |
| AMY ROBINSON | COMMITTEE MEMBER Trustee or director | 2 | $62,316 | $0 |
| DENISE LEWIS | COMMITTEE MBR AS OF 1/1/23 Trustee or director | 2 | $52,632 | $0 |
| R EVAN INGLIS | COMMITTEE MEMBER as of 2/6/23 Trustee or director | 2 | $46,949 | $0 |
| MARK ANSON | COMMITTEE MEMBER Trustee or director | 2 | $1,251 | $0 |
| CHARLES BROWNING | COMMITTEE MEMBER Trustee or director | 2 | $0 | $0 |
| SHAWN FAIN | COMMITTEE MBR AS OF 4/1/23 Trustee or director | 2 | $0 | $0 |
| MIKE BOOTH | COMMITTEE MBR AS OF 1/1/23 Trustee or director | 2 | $0 | $0 |
| RICH BOYER | COMMITTEE MBR AS OF 1/1/23 Trustee or director | 2 | $0 | $0 |
| RAY CURRY | COMMITTEE MBR UNTIL 3/31/23 Trustee or director | 2 | $0 | $0 |
| STATE STREET BANK TRUST | INSTITUTIONAL TRUSTEE Institutional trustee | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 14306, DETROIT, MI 48214-0306
- In care of
- % GARON MEIKLE
- Principal officer (990 for 2024)
- GARON MEIKLE, 1155 BREWERY PARK BLVD STE 400, DETROIT, MI 48207
- Signed the 990
- GARON MEIKLE, CFO
- Phone
- (313) 324-5900
- Return prepared by
- PWC TAX US LLP
Mission
THE UAW RETIREE MEDICAL BENEFITS TRUST (THE "TRUST") IS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION ("VEBA") ORGANIZED TO HOLD, INVEST, AND ADMINISTER FUNDS FOR POST-RETIREMENT MEDICAL BENEFITS. THE PRIMARY MISSION OF THE TRUST IS TO PROVIDE EVERY MEMBER WITH HEALTH BENEFITS AND THE OPPORTUNITY TO ACHIEVE HIS/HER BEST QUALITY OF LIFE.
Program accomplishments
- THE TRUST IS GOVERNED BY AN 11-PERSON COMMITTEE COMPRISED OF SIX INDEPENDENT MEMBERS AND FIVE MEMBERS APPOINTED BY THE UAW. ADDITIONAL SUBCOMMITTEES EXIST FOR PLAN ADMINISTRATION, INVESTMENT, AND AUDIT. ALL COMMITTEE MEMBERS AND TRUST STAFF ADHERE TO A STRICT CODE OF ETHICS. THE PURPOSE OF THE TRUST IS TO SERVE AS A SOURCE FOR RETIREE HEALTHCARE COVERAGE FOR ITS MEMBERS. SEPARATE TRUST ACCOUNTS ARE MAINTAINED FOR EACH AUTO PLAN (GM, FORD, AND CHRYSLER) FROM WHICH BENEFITS ARE PAID. WHEN THE TRUST LAUNCHED IN JANUARY 2010, IT BECAME THE LARGEST NON-GOVERNMENTAL PURCHASER OF RETIREE HEALTHCARE IN THE UNITED STATES, PROVIDING HEALTHCARE BENEFITS TO MORE THAN 860,000 PEOPLE. IN 2024, THE TRUST PROVIDED COVERAGE FOR OVER 535,000 MEMBERS. THE TRUST CONTINUES TO SERVE ITS MISSION OF PROVIDING HEALTHCARE BENEFITS TO RETIREES AND REVIEWS THE BENEFIT DESIGN EACH YEAR TO MAKE ANY ADJUSTMENTS NECESSARY. IN 2024, THE TRUST PAID APPROXIMATELY $3.3 BILLION PROVIDING HEALTHCARE FOR ITS RETIREES AND DEPENDENTS, INCLUDING FILLING NEARLY 15.5 MILLION PRESCRIPTIONS FOR MEMBERS DURING THE PLAN YEAR. SINCE ITS LAUNCH, THE TRUST HAS MADE GREAT STRIDES IN FINDING WAYS TO CONTROL COSTS, WHILE IMPROVING HEALTHCARE BENEFITS. FOR 2024, THE TRUST WAS PLEASED TO LOWER MEDICAL DEDUCTIBLES, COPAYS FOR PRIMARY CARE PHYSICIAN (PCP) AND SPECIALIST OFFICE VISITS AND URGENT CARE, AS WELL AS TIER 1 AND 2 PRESCRIPTION DRUG COPAYS. ADDITIONALLY, THE TRUST ELIMINATED IN-NETWORK COINSURANCE FOR ITS MEDICAL PLANS, ADDED COVERAGE FOR DENTAL IMPLANTS, AND ADDED COVERAGE FOR PCP AND SPECIALIST OFFICE VISITS FOR MEMBERS IN THE BLUE CROSS TRADITIONAL CARE NETWORK (TCN) PLAN. FOR 2024, THE ANNUAL ALLOWANCE FOR THE OVER-THE-COUNTER (OTC) BENEFIT WAS INCREASED TO $200 PER MEMBER. THE BENEFIT WAS EXPANDED AS AN OFFERING TO ALL TRUST MEMBERS REGARDLESS OF THEIR HEALTHPLAN. THE OTC BENEFIT ALSO WAS ENHANCED IN 2024 TO INCLUDE THE OPTION FOR MEMBERS TO PURCHASE APPROVED HEALTH AND WELLNESS PRODUCTS AT THOUSANDS OF RETAILERS WHO PARTICIPATE IN THE OTC NETWORK. THE TRUST MEMBERSHIP IS GEOGRAPHICALLY AND DEMOGRAPHICALLY DIVERSE. THE TRUST MAINTAINS ROBUST COMMUNICATION WITH MEMBERSHIP IN ORDER TO OPERATE IN A TRANSPARENT FASHION. THE GOAL IS TO KEEP BENEFICIARIES INFORMED ON THE TRUST ACTIVITIES, AS WELL AS THE BENEFITS PROVIDED BY THE TRUST. THE TRUST AND CARRIERS SENT A SERIES OF COMMUNICATIONS TO MEMBERS REGARDING 2024 AND 2025 ENROLLMENT AND PLAN OFFERINGS. RETIREE HEALTH CARE CONNECT, THE CALL CENTER FOR TRUST MEMBERS, HANDLED MORE THAN 250,000 CALLS, FROM MEMBERS AND UNION BENEFIT REPRESENTATIVES, IN 2024. A SERIES OF PRINTED MAILINGS WERE DISTRIBUTED BY THE TRUST TO MORE THAN 370,000 CONTRACT-HOLDER PARTICIPANTS IN 2024. ADDITIONAL MAILINGS THROUGHOUT THE YEAR UPDATED THE TRUST MEMBERSHIP ON BENEFIT CHANGES AND INFORMATION REGARDING THE TRUST'S FINANCIAL POSITION. TRUST PARTNERS ALSO COMMUNICATED DIRECTLY WITH MEMBERS, ON BEHALF OF THE TRUST, REGARDING BENEFITS, PREVENTION, CHRONIC CONDITIONS AND DISEASE MANAGEMENT WHERE APPROPRIATE. ADDITIONALLY, MEMBERS WITH SPECIFIC GAPS IN CARE WERE SENT COMMUNICATIONS ENCOURAGING THEM TO TAKE PREVENTIVE MEASURES TO MANAGE THEIR CONDITION(S), IMPROVE THEIR HEALTH STATUS, AND ENGAGE WITH THEIR PRIMARY CARE PHYSICIAN. THE TRUST CONTINUES TO LEVERAGE COMMUNICATION FORMATS TO COMPLEMENT MAILINGS, INCLUDING THE TRUST-BRANDED WEBSITE (WWW.UAWTRUST.ORG) AND VIDEOS. BECAUSE OF ITS PAST SUCCESS, THE TEAM ALSO HELD VIRTUAL SESSIONS-VIA ZOOM AND DIAL-IN CALLS-TO INFORM MEMBERS OF THE ENHANCEMENTS OF THE TRUST OTC BENEFIT IN JANUARY 2024. THE TEAM HOSTED 17 SESSIONS LISTENED TO BY NEARLY 4,200 MEMBERS. THE TRUST ALSO HOSTED WEBINARS FOR ANNUAL BENEFIT CHANGES IN AUGUST 2024. THE TEAM HOSTED 16 SESSIONS LISTENED TO BY NEARLY 4,200 MEMBERS. FOR THE ANNUAL BENEFIT CHANGE SEASON, THE MEMBER EXPERIENCE TEAM TRAVELED TO IN-PERSON RETIREE MEETINGS. THE TEAM ATTENDED A TOTAL OF 195 RETIREE MEETINGS IN THE FALL OF 2024.revenue $450,501,922
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0424876
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $62,856,283,467
- Income (IRS master file)
- $96,075,667,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,497,349,318 | $3,295,258,214 | $62,856,283,467 | XML |
| 990 | December 2023 | $2,584,345,827 | $2,947,780,585 | $64,033,874,200 | XML |
| 990 | December 2022 | $2,003,354,514 | $3,970,593,216 | $62,366,524,500 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 90-0424876).
Questions about UAW RETIREE MEDICAL BENEFITS TR
- What is the EIN of UAW RETIREE MEDICAL BENEFITS TR?
- The employer identification number (EIN) of UAW RETIREE MEDICAL BENEFITS TR is 90-0424876.
- Is UAW RETIREE MEDICAL BENEFITS TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2010.
- Are donations to UAW RETIREE MEDICAL BENEFITS TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UAW RETIREE MEDICAL BENEFITS TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UAW RETIREE MEDICAL BENEFITS TR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UAW RETIREE MEDICAL BENEFITS TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UAW RETIREE MEDICAL BENEFITS TR?
- The 990 for the year ended December 31, 2024 names GARON MEIKLE.
- Who are the officers and directors of UAW RETIREE MEDICAL BENEFITS TR?
- The 990 for the year ended December 31, 2024 lists 23 people; 18 received compensation from the organization, the highest $1,703,436 (HERSHEL HARPER, CHIEF INVESTMENT OFFICER).
- How much revenue does UAW RETIREE MEDICAL BENEFITS TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,497,349,318, expenses of $3,295,258,214 and total assets of $62,856,283,467 at year end.
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