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NEW YORK LIFE INSURANCE COMPANY AGENTS' HEALTH AND LIFE BENEFIT TRUST
NEW YORK, NY · EIN 137035850 · Form 990 · FY2024 · Large ($10M-$50M)
revenue
$17.5M
expenses
$13.7M
net assets
$487.3M
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 AGENTS OF NEW YORK LIFE INSURANCE COMPANY.

profile · synthesized from sources

Trust established to prefund life and health benefits for retired agents of New York Life Insurance Company. Receives contributions from New York Life Insurance Company to support retiree benefits. Operates as a VEBA (Voluntary Employees' Beneficiary Association) trust under federal tax guidelines.

named programs · 1 · from sources

What they call their work

Retiree Health and Life Benefit Program
Administers prefunded health and life insurance benefits for retired agents of New York Life Insurance Company through a VEBA trust structure.
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Pre-funding life and health benefits for retired insurance agents
      Receives contributions to prefund life and health benefits for retired agents of New York Life Insurance Company, ensuring future benefit obligations are met.
financials · form 990 · fy2024
revenue
Total revenue$17.49M
Contributions & grants$00%
Program service revenue$4.50M26%
Investment income$10.22M58%
Other revenue$2.76M
expenses
Total expenses$13.70M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$487.30M
Cash$6.49M
Investments$171.35M
Liabilities$0
Net assets$487.30M
Liquid reserves155.8 mo
3 years on record · 2020–2024 · YoY revenue -69.8%
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 — Provides contributions to the trust for prefunding life and health benefits for its retired agents.
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.