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NEW YORK LIFE INSURANCE COMPANY EMPLOYEES' HEALTH AND LIFE BENEFIT TRUST
NEW YORK, NY · EIN 137035849 · Form 990 · FY2024 · Large ($10M-$50M)
revenue
$17.2M
expenses
$16.0M
net assets
$569.6M
employees
0
mission · from form 990

ORGANIZATION IS A VEBA TRUST THAT RECEIVES CONTRIBUTIONS FROM NEW YORK LIFE INSURANCE COMPANY TO PREFUND LIFE AND HEALTH BENEFITS FOR RETIRED EMPLOYEES OF NEW YORK LIFE INSURANCE COMPANY.

profile · synthesized from sources

Trust established to prefund health and life insurance benefits for retired employees of New York Life Insurance Company. Operates as a VEBA (Voluntary Employees' Beneficiary Association) trust, receiving employer contributions to cover future benefit obligations. Serves retirees of a single corporation, with no public programs or external beneficiaries.

activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Pre-funding retiree life and health benefits
      Receives contributions to pre-fund life and health benefits for retired employees of New York Life Insurance Company.
financials · form 990 · fy2024
revenue
Total revenue$17.16M
Contributions & grants$00%
Program service revenue$7.05M41%
Investment income$10.12M59%
Other revenue$0
expenses
Total expenses$16.05M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$569.58M
Cash$5.70M
Investments$160.99M
Liabilities$0
Net assets$569.58M
Liquid reserves124.6 mo
3 years on record · 2020–2024 · YoY revenue -71.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • ANTHONY MALLOY — EVP & CHIEF INVEST OFFICER
  • CRAIG SABAL — SMD & DEPUTY CHIEF INVEST.
  • JOANNE RODGERS — SVP & CHIEF HUMAN RESOURCE
  • KEVIN BOPP — SENIOR VICE PRESIDENT
  • SCOTT LENZ — SVP, DEPUTY GC & CHIEF TAX
  • WESLEY LODEN — VP & ACTUARY
relationships · 1

Who they work with

  • New York Life Insurance Company Partner — Employer contributing to the trust for prefunding employee benefits
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.