Civic Intelligence

Puget Sound Benefits Trust

EIN 91-6028312 • 501(c)9 • Seattle, WA

View Organization Page

Profile

To provide health and welfare benefits to eligible members

PO Box 34203Seattle, WA 98124

www.psbenefitstrust.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.28x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.30x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Asset Growth

28th percentile

-3.4%

Faster asset growth than 28% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

9.2%

Faster revenue growth than 57% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$6,588,653

Down $228,533 (-3.4%) from 2023

Liabilities

Up

$1,877,146

Up $437,323 (+30%) from 2023

Net Assets

Down

$4,711,507

Down $665,856 (-12%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin18th percentile

Revenue

Up

$6,162,097

Up $521,266 (+9.2%) from 2023

Expenses

Up

$6,883,348

Up $908,355 (+15%) from 2023

Net Income

Down

-$721,251

Down $387,089 (-116%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $5,396,386Liabilities 2010: $1,456,885Net Assets 2010: $3,939,5012010Assets 2011: $5,368,551Liabilities 2011: $1,841,324Net Assets 2011: $3,527,2272011Assets 2012: $4,507,870Liabilities 2012: $1,663,625Net Assets 2012: $2,844,2452012Assets 2013: $3,962,577Liabilities 2013: $1,206,371Net Assets 2013: $2,756,2062013Assets 2014: $4,770,883Liabilities 2014: $1,330,655Net Assets 2014: $3,440,2282014Assets 2015: $5,080,790Liabilities 2015: $1,411,995Net Assets 2015: $3,668,7952015Assets 2016: $5,976,979Liabilities 2016: $999,064Net Assets 2016: $4,977,9152016Assets 2017: $7,370,636Liabilities 2017: $1,165,818Net Assets 2017: $6,204,8182017Assets 2018: $7,847,025Liabilities 2018: $1,022,533Net Assets 2018: $6,824,4922018Assets 2019: $9,720,821Liabilities 2019: $2,621,598Net Assets 2019: $7,099,2232019Assets 2020: $8,574,203Liabilities 2020: $1,373,670Net Assets 2020: $7,200,5332020Assets 2021: $7,988,882Liabilities 2021: $1,500,221Net Assets 2021: $6,488,6612021Assets 2022: $6,721,128Liabilities 2022: $1,301,731Net Assets 2022: $5,419,3972022Assets 2023: $6,817,186Liabilities 2023: $1,439,823Net Assets 2023: $5,377,3632023Assets 2024: $6,588,653Liabilities 2024: $1,877,146Net Assets 2024: $4,711,5072024

Highlighted filing

2024

Assets$6,588,653
Liabilities$1,877,146
Net Assets$4,711,507
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,934,4422010Expenses 2011: $5,759,9212011Expenses 2012: $5,823,9922012Revenue 2013: $5,226,139Expenses 2013: $5,314,225Net Income 2013: -$88,0862013Revenue 2014: $5,877,642Expenses 2014: $5,203,992Net Income 2014: $673,6502014Revenue 2015: $5,447,862Expenses 2015: $5,203,264Net Income 2015: $244,5982015Revenue 2016: $5,434,462Expenses 2016: $4,147,711Net Income 2016: $1,286,7512016Revenue 2017: $5,032,182Expenses 2017: $3,797,434Net Income 2017: $1,234,7482017Revenue 2018: $4,819,979Expenses 2018: $4,180,151Net Income 2018: $639,8282018Revenue 2019: $5,230,812Expenses 2019: $5,097,279Net Income 2019: $133,5332019Revenue 2020: $4,885,014Expenses 2020: $5,079,428Net Income 2020: -$194,4142020Revenue 2021: $4,825,446Expenses 2021: $5,500,653Net Income 2021: -$675,2072021Revenue 2022: $5,141,872Expenses 2022: $5,448,338Net Income 2022: -$306,4662022Revenue 2023: $5,640,831Expenses 2023: $5,974,993Net Income 2023: -$334,1622023Revenue 2024: $6,162,097Expenses 2024: $6,883,348Net Income 2024: -$721,2512024

Highlighted filing

2024

Revenue$6,162,097
Expenses$6,883,348
Net Income-$721,251
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,588,653
Liabilities
$1,877,146
Net assets
$4,711,507
Revenue
$6,162,097
Expenses
$6,883,348
Net income
-$721,251
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.59$1.88$4.71$6.16$6.88$0.72
2023Summary only. Only limited summary data is available for this year.$6.82$1.44$5.38$5.64$5.97$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.72$1.30$5.42$5.14$5.45$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$1.50$6.49$4.83$5.50$0.68
2020Summary only. Only limited summary data is available for this year.$8.57$1.37$7.20$4.89$5.08$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.72$2.62$7.10$5.23$5.10$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$1.02$6.82$4.82$4.18$0.64
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$1.17$6.20$5.03$3.80$1.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.98$1.00$4.98$5.43$4.15$1.29
2015Summary only. Only limited summary data is available for this year.$5.08$1.41$3.67$5.45$5.20$0.24
2014Detailed filing. Detailed filing data is available for this year.$4.77$1.33$3.44$5.88$5.20$0.67
2013Detailed filing. Detailed filing data is available for this year.$3.96$1.21$2.76$5.23$5.31$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$1.66$2.84$5.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$1.84$3.53$5.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$1.46$3.94$4.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$8,774,723
Mission and Program Overview

Mission

To provide health and welfare benefits to eligible members

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,943,566$5,164,442▼ $779,124
Rtn Earn Endowment Incm Other Fnds$5,377,363$4,711,507▼ $665,856
Accounts Receivable$580,473$748,553▲ $168,080
Cash and Non-Interest-Bearing Accounts$100,295$355,515▲ $255,220
Savings and Temporary Cash Investments$189,865$309,935▲ $120,070
Prepaid Expenses and Deferred Charges$2,987$10,208▲ $7,221
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,817,186$6,588,653▼ $228,533
Liabilities
Other Liabilities$1,426,572$1,852,960▲ $426,388
Accounts Payable and Accrued Expenses$13,251$24,186▲ $10,935
Total Liabilities$1,439,823$1,877,146▲ $437,323
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,377,363$4,711,507▼ $665,856
Total Liabilities and Net Assets / Fund Balance$6,817,186$6,588,653▼ $228,533
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Adam KeckEmployer Trustee - Chair
Suzanne Mode End 1124Union Trustee - Chair
Frank BenishEmployer Trustee
Corinne Cosentino Start 1124Union Trustee
Erin AdamsonUnion Trustee- Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Welfare & Pension Admin Service INCThird Party AdministratorPO BOX 34203, Seattle, WA 98124$241,599
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,868,020
Investment Income
$293,725
Other Revenue
$352
Change in Net Assets
$-721,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,146,437
Revenue Not Reported on Financial Statements
$15,660
Revenue Not Reported on Form 990
$55,395
Total Revenue per Audited Statements
$6,201,832
Total Revenue per Form 990
$6,162,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$552,653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,330,695
Fees for Services Management---$381,182
Office Expenses---$51,360
Fees for Services Other---$48,433
Fees for Services Accounting---$22,265
Fees for Service Investment Mgmnt Fees---$15,660
Conferences and Meetings---$10,995
Fees for Services Legal---$10,200
Insurance---$7,054
Information Technology---$3,342
Travel---$2,162
Total Functional Expenses$0$0$0$6,883,348

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,883,348
Expenses per Audited Statements$6,441,300
Total Expenses per Audited Statements$6,441,300
Expenses Not Reported on Financial Statements$442,048
Other Expense Adjustments$426,388
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lag Months Eligibility Coverage$1,085,260
Claims Payable and Incurred But Not Reported$767,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The plan hired welfare & pension administration service, inc. (wpas) as the third party administrator of the plan. Wpas executes and oversees all the day to day operations inluding collection of contributions, payment of administration and claims expenses and preparing financial statements.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees that act on behalf of the governing body”

Form 990, Part VI, Section B, Line 11B

“The draft form 990 is sent to each trustee and the trust attorney for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The plan's administrator periodically updates a list of parties-in-interest. The trust attorney reviews all proposed service provider relationships for compliance with erisa. Service provider agreements are reviewed by the trust attorney prior to execution of the agreements.”

Form 990, Part VI, Section C, Line 19

“Participants and beneficiaries of the plan may request copies of the governing documents, conflict in interest policies and financial statements from the plan's administrator.”

FORM 990: PART VII, SECTION A, LINE 6

“Trustees are not compensated by the trust. Compensation paid to trustees employed by other related tax exempt organizations is reported on form 990 filed with the irs, by the related tax-exempt organization. If you would like additional information please contact the plan administrator.”

Filing and Contact Details

Filer

Filer Name
Puget Sound Benefits Trust
EIN
91-6028312
Phone
2064417574
Address
PO BOX 34203, SEATTLE, WA 98124

Signing Officer

Name
Adam Keck
Title
Trustee
Phone
2064417574
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Keck
Formed
1960
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
1
Employees
3
Volunteers
4

Preparer

Firm
Cliftonlarsonallen
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Todd M Stokes CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“There has been no change from the prior year. The annual audit is presented to the full board of trustees for review and discussion at the first scheduled meeting following completion of the audit. The independent auditors are present to discuss the report and answer any questions posed by the trustees.”

Form 990, Part V, Line 2A and Part IX, Line 4

“The plan provides taxable time loss benefits to eligible participants and reports those benefits on form w-2. These benefits are included on form 990, part ix, line 4.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in estimated lag months eligibility coverage 116,688. Change in claims payable and incurred but not reported claims 309,700.”

Raw XML Appendix374 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013251
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024186
IRS990/AccountsReceivableGrp/BOYAmt0580473
IRS990/AccountsReceivableGrp/EOYAmt0748553
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt06330695
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ADAM KECK
IRS990/BooksInCareOfDetail/PhoneNum02064417574
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07525 SE 24TH STREET SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0MERCER ISLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098040
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0100295
IRS990/CashNonInterestBearingGrp/EOYAmt0355515
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt010995
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0241599
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 34203
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SEATTLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0WA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd098124
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0WELFARE & PENSION ADMIN SERVICE INC
IRS990/ContractorCompensationGrp/ServicesDesc0THIRD PARTY ADMINISTRATOR
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt06330695
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0293725
IRS990/CYOtherExpensesAmt0552653
IRS990/CYOtherRevenueAmt0352
IRS990/CYProgramServiceRevenueAmt05868020
IRS990/CYRevenuesLessExpensesAmt0-721251
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt06883348
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06162097
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt022265
IRS990/FeesForServicesLegalGrp/TotalAmt010200
IRS990/FeesForServicesManagementGrp/TotalAmt0381182
IRS990/FeesForServicesOtherGrp/TotalAmt048433
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015660
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0SUZANNE MODE END 1124
IRS990/Form990PartVIISectionAGrp/PersonNm1ADAM KECK
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIN ADAMSON
IRS990/Form990PartVIISectionAGrp/PersonNm3FRANK BENISH
IRS990/Form990PartVIISectionAGrp/PersonNm4CORINNE COSENTINO START 1124
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0UNION TRUSTEE - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1EMPLOYER TRUSTEE - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2UNION TRUSTEE- SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4UNION TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01960
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0118497
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02731123
IRS990/GrossReceiptsAmt08774723
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03342
IRS990/InsuranceGrp/TotalAmt07054
IRS990/InvestmentIncomeGrp/ExclusionAmt0175228
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0175228
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05943566
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05164442
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02612626
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05377363
IRS990/NetAssetsOrFundBalancesEOYAmt04711507
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0118497
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0118497
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt055395
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt051360
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt01426572
IRS990/OtherLiabilitiesGrp/EOYAmt01852960
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LITIGATION INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0352
IRS990/OtherRevenueTotalAmt0352
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02987
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010208
IRS990/PrincipalOfficerNm0ADAM KECK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05757549
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1110471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05757549
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1110471
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt05466388
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0179977
IRS990/PYOtherExpensesAmt0508605
IRS990/PYOtherRevenueAmt04547
IRS990/PYProgramServiceRevenueAmt05456307
IRS990/PYRevenuesLessExpensesAmt0-334162
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05974993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05640831
IRS990/ReconcilationRevenueExpnssAmt0-721251
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05377363
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04711507
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189865
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0309935
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0442048
IRS990ScheduleD/ExpensesSubtotalAmt06441300
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt015660
IRS990ScheduleD/InvestmentExpensesNotIncldAmt015660
IRS990ScheduleD/NetUnrealizedGainsInvstAmt055395
IRS990ScheduleD/OtherExpensesNotIncludedAmt0426388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01085260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1767700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LAG MONTHS ELIGIBILITY COVERAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS PAYABLE AND INCURRED BUT NOT REPORTED
IRS990ScheduleD/RevenueNotReportedAmt055395
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt015660
IRS990ScheduleD/RevenueSubtotalAmt06146437
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN ESTIMATED LAG MONTHS ELIGIBILITY COVERAGE 116,688. CHANGE IN CLAIMS PAYABLE AND INCURRED BUT NOT REPORTED CLAIMS 309,700.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt06883348
IRS990ScheduleD/TotalLiabilityAmt01852960
IRS990ScheduleD/TotalRevenuePerForm990Amt06162097
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06201832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06441300
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PLAN HIRED WELFARE & PENSION ADMINISTRATION SERVICE, INC. (WPAS) AS THE THIRD PARTY ADMINISTRATOR OF THE PLAN. WPAS EXECUTES AND OVERSEES ALL THE DAY TO DAY OPERATIONS INLUDING COLLECTION OF CONTRIBUTIONS, PAYMENT OF ADMINISTRATION AND CLAIMS EXPENSES AND PREPARING FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT FORM 990 IS SENT TO EACH TRUSTEE AND THE TRUST ATTORNEY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN'S ADMINISTRATOR PERIODICALLY UPDATES A LIST OF PARTIES-IN-INTEREST. THE TRUST ATTORNEY REVIEWS ALL PROPOSED SERVICE PROVIDER RELATIONSHIPS FOR COMPLIANCE WITH ERISA. SERVICE PROVIDER AGREEMENTS ARE REVIEWED BY THE TRUST ATTORNEY PRIOR TO EXECUTION OF THE AGREEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PARTICIPANTS AND BENEFICIARIES OF THE PLAN MAY REQUEST COPIES OF THE GOVERNING DOCUMENTS, CONFLICT IN INTEREST POLICIES AND FINANCIAL STATEMENTS FROM THE PLAN'S ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE NOT COMPENSATED BY THE TRUST. COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED TAX EXEMPT ORGANIZATIONS IS REPORTED ON FORM 990 FILED WITH THE IRS, BY THE RELATED TAX-EXEMPT ORGANIZATION. IF YOU WOULD LIKE ADDITIONAL INFORMATION PLEASE CONTACT THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. THE ANNUAL AUDIT IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND DISCUSSION AT THE FIRST SCHEDULED MEETING FOLLOWING COMPLETION OF THE AUDIT. THE INDEPENDENT AUDITORS ARE PRESENT TO DISCUSS THE REPORT AND ANSWER ANY QUESTIONS POSED BY THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PLAN PROVIDES TAXABLE TIME LOSS BENEFITS TO ELIGIBLE PARTICIPANTS AND REPORTS THOSE BENEFITS ON FORM W-2. THESE BENEFITS ARE INCLUDED ON FORM 990, PART IX, LINE 4.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990: PART VII, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART V, LINE 2A AND PART IX, LINE 4
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OFFICE & PROFESSIONAL EMPLOYEES INT UNION LOCAL 8
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0910344245
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPONSORING LOCAL UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02900 EASTLAKE AVE E SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SEATTLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE FILING ORGANIZATION IS A TAFT-HARTLEY MULTI-EMPLOYER TRUST THAT PROVIDES HEALTH BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS. AS OF DECEMBER 31, 2024, THERE ARE APPROXIMATELY 33 EMPLOYERS THAT CONTRIBUTE TO THE TRUST. THE ADMINISTRATIVE OFFICE MAINTAINS A DATABASE OF THESE CONTRIBUTING EMPLOYERS, INCLUDING NAMES, ADDRESSES, AND OTHER CONTACT INFORMATION. THE FEDERAL TAX CLASSIFICATION (DISREGARDED ENTITY, TAX-EXEMPT ORGANIZATION, PARTNERSHIP, TAXABLE CORPORATION OR TRUST) FOR EACH CONTRIBUTING EMPLOYER IS NOT ON FILE WITH THE ADMINISTRATION OFFICE AND IT COULD NOT BE REASONABLY OBTAINED. AS A RESULT, THE NAMES OF THE CONTRIBUTING EMPLOYERS ARE LISTED ON PART VII BELOW AND NOT ON PARTS II THROUGH IV BY FEDERAL TAX CLASSIFICATION. AEROSPACE DISTRICT AEROSPACE MACHINISTS AFT WASHINGTON AMALGAMATED TRANSIT BARLOW COUGHRAN CWA LOCAL 7800 ELEVATOR CONSTRUCTORS HEAT&FROST INSULATORS HOD CARRIERS AND GEN IAM & AW DISTRICT IBEW LOCAL 46 IBEW LOCAL 89 ILWU LOCAL 19 ILWU LOCAL 52 IRONWORKER LOCAL 14 IRONWORKERS APPR TRUST IRONWORKERS LOCAL 86 IUPAT DIST COUNCIL 5 KING COUNTY LABOR-HMO NW SHEET METAL WORKERS PACIFIC NW IRONWKERS & EMPLOYERS APPR &TRAIN PILE DRIVERS & DIVERS PLUMBERS & FITTERS PUBLIC SAFETY EMPLOYEE REBOUND - PLAN A SHEET METAL WORKERS SPEEA SPRINKLER FITTERS UA LOCAL #26 WA STATE LABOR COUNCIL WASH ST BUILDING AND WELFARE & PENSION WEST WA SHEET METAL
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, IDENTIFICATION OF RELATED ORGANIZATIONS
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06817186
IRS990/TotalAssetsEOYAmt06588653
IRS990/TotalAssetsGrp/BOYAmt06817186
IRS990/TotalAssetsGrp/EOYAmt06588653
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt06883348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01439823
IRS990/TotalLiabilitiesEOYAmt01877146
IRS990/TotalLiabilitiesGrp/BOYAmt01439823
IRS990/TotalLiabilitiesGrp/EOYAmt01877146
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05377363
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04711507
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt05868020
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0293725
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05868372
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06162097
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06817186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06588653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02162
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1929
IRS990/USAddress/CityNm0SEATTLE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098111
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.PSBENEFITSTRUST.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM KECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02064417574
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUGET SOUND BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PUGE
ReturnHeader/Filer/EIN0916028312
ReturnHeader/Filer/PhoneNum02064417574
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 34203
ReturnHeader/Filer/USAddress/CityNm0SEATTLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098124
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010700 NORTHUP WAY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEVUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098004
ReturnHeader/PreparerPersonGrp/PhoneNum04252506100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD M STOKES CPA
ReturnHeader/ReturnTs02025-10-31T15:37:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)9 • $5M-$10M nonprofits