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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Iowa Bankers Benefit Plan

Iowa Bankers Benefit Plan

Fiscal year ending 2024. Filed on October 8, 2025.

8901 Northpark Drive PO Box 6200
Johnston, Iowa 50131

Iowa Bankers Benefit Plan (EIN: 42-1122086) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Iowa Bankers Benefit Plan, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 1 employee. Among the employees shown here, the average compensation is $474,009. The highest compensated employee at Iowa Bankers Benefit Plan is Chad Ellsworth with fiscal year 2024 compensation of $474,009.

Revenue, expenses, and employee compensation

Revenue

$165,108,526

Expenses

$139,134,513

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Chad Ellsworth
Chief Admin Officer (Ibis)
$474,009
$0 $405,064 $68,945

Benchmark Employee Compensation

Non-Employee Board Members

Brad Becker
Trustee
David Coulter
Trustee
James Kennedy Jr
Trustee
Jennifer Hanson
Trustee
Joshua Guttau
Trustee
Michael Underwood
Trustee
Paul Walz
Trustee
Sean Noonan
Trustee

Contractors

Wellmark Blue Cross & Blue Sheild
Claim Processing
$5,737,536
Delta Dental
Claim Processing
$402,141

Mission Statement

THE IBBP TRUST WAS ESTABLISHED TO PROVIDE GROUP HEALTH INSURANCE, GROUP LIFE INSURANCE, AND LONG-TERM AND SHORT-TERM DISABILITY INSURANCE COVERAGE TO SUBSTANTIALLY ALL EMPLOYEES OF PARTICIPATING EMPLOYERS.

Revisions to this organization profile

October 8, 2025:
2024 Iowa Bankers Benefit Plan 990 filed
October 9, 2024:
2023 Iowa Bankers Benefit Plan 990 filed
October 26, 2023:
2022 Iowa Bankers Benefit Plan 990 filed

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