Burlington Northern Santa Fe Corp Welfare Benefit Trust

Organization Overview

Burlington Northern Santa Fe Corp Welfare Benefit Trust is located in Fort Worth, TX. The organization was established in 1982. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington Northern Santa Fe Corp Welfare Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Burlington Northern Santa Fe Corp Welfare Benefit Trust generated $118.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $116.0m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SOLE PURPOSE IS TO ACT AS A FUNDING TOOL FOR PLANS ESTABLISHED TO PROVIDE BENEFITS FOR COVERED EMPLOYEES AT PARTICIPATING COMPANIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SOLE PURPOSE OF THE TRUST IS TO ACT AS A FUNDING VEHICLE FOR THE PLAN OR PLANS ESTABLISHED TO PROVIDE GROUP HEALTH & WELFARE BENEFITS FOR THE EMPLOYEES OF PARTICIPATING COMPANIES COVERED BY THE PLAN(S).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alight
Thirdparty Administrator
$885,354
Cigna
Thirdparty Administrator
$294,073
Bcbs
Thirdparty Administrator
$2,033,330
Archimedes
Thirdparty Administrator
$463,535
Caremark
Thirdparty Administrator
$479,326
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$117,810,782
Investment income $178,040
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $117,988,822

Peer Organizations

Organization NameAssets
Louisiana Insurance Guaranty Association
Baton Rouge, LA
$286,761,854
Burlington Northern Santa Fe Corp Welfare Benefit Trust
Fort Worth, TX
$117,988,822
Texas Property And Casualty Insurance Guaranty Association
Austin, TX
$163,821,338
Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc
Austin, TX
$56,004,555
Isas Group Benefits Tr
Dallas, TX
$41,233,369
Dxp Enterprises Inc Employee Benefit Plan Trust
Houston, TX
$27,198,996
The Benchmark Management Company Employee Benefit Trust
The Woodlands, TX
$26,065,680
Methodist Hospital Self Insurance Trust
Houston, TX
$34,666,328
Housing Benefits Plan
Dallas, TX
$22,465,812
Fidelity Welfare Benefit Plans Veba Trust
Westlake, TX
$156,797,025
New Mexico Property Insurance Program
Albuquerque, NM
$5,049,689
Forfeiture Support Associates Llc Welfare Benefit Tr
Dallas, TX
$9,875,430
Oklahoma Property And Casualty Insurance Guaranty Association
Oklahoma City, OK
$2,048,149
Kaiser-Francis Employees Benefit Tr
Tulsa, OK
$7,737,711
Surplus Lines Stamping Office Of Texas
Pflugerville, TX
$7,873,089
Oklahoma Operating Engineers Welfare Plan
Oklahoma City, OK
$6,396,231
Crest Industries Inc Employees Benefit Trust
Alexandria, LA
$6,812,983
Lyle Hughart Welfare Fund-Tr
Oklahoma City, OK
$4,637,467
Faust Distributing Company Inc Employee Benefit Plan Trust
Houston, TX
$3,366,343
Pioneer Telephone Cooperative Inc Employees Benefit Trust
Kingfisher, OK
$2,480,354
Central Service Corporation Employee Group Benefit Plan Trust
Enid, OK
$3,549,688
Madden Contracting Company Llc Employee Benefit Plan & Trust
Minden, LA
$2,939,376
Sheriffs Association Of Texas Inc
Austin, TX
$2,875,820
New Mexico Property & Casualty Insurance Guaranty Association
Albuquerque, NM
$657,121
Westbrook Employees Benefit Plan And Trust
Houston, TX
$2,790,613

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