Staplcotn Medical Plan Tr M L Alford TTEE

Greenwood, MS

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Mission

The organization's purpose is to hold the assets of the Staplcotn Medical Plan which is a self-insured medical plan providing healthcare benefits to employees of Staple Cotton Cooperative Association and Staple Cotton Discount Corporation and their eligible dependents.

Ruling year info

1993

Principal Officer

JAMES M MOFFATT

Main address

214 W Market St

Greenwood, MS 38930 United States

EIN

64-0766110

NTEE code info

Voluntary Employees Beneficiary Associations (Non-Government) (Y43)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

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Program 1

The organization's purpose is to hold the assets of the Staplcotn Medical Plan a self-insured plan which provides healthcare benefits to eligible employees of Staple Cotton Cooperative Association and Staple Cotton Discount Corporation and their eligible dependents. At December 31 2023 there were 310 persons insured under the plan. Claims paid on behalf of participants totaled $1,928,229. Reinsurance premiums of $345,244; claims administrative expense of $88,605; accounting fees of $15,000; and bank fees of $1,753 were paid in 2023. Insurance premiums of $1,500,241 were collected from Staple Cotton Cooperative Association Staple Cotton Discount Corporation and participants in the plan. Proceeds received from a reinsurance policy totaled $67,737. The Trust's interest bearing sweep account certificates of deposit and short term U.S. Treasuries earned interest income of $64,455.

Expenses

$2,378,832

Revenue

$1,632,433

Where we work

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Financials

Staplcotn Medical Plan Tr M L Alford TTEE

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Operations

The people, governance practices, and partners that make the organization tick.

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This organization has no recorded board members.