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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 2016. Filed on October 16, 2017.

8800 NW 62nd Avenue PO Box 6210
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 2016 IRS Form 990 filing, Iowa Bankers Benefit Plan, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 2 employees. Among the employees shown here, the average compensation is $394,162. The highest compensated employee at Iowa Bankers Benefit Plan is John K Sorensen with fiscal year 2016 compensation of $448,111.

Revenue, expenses, and employee compensation

Revenue

$142,693,395

Expenses

$146,586,872

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John K Sorensen
CEO of IBA
$448,111
$0 $388,703 $59,408
Merritt D Krause, Cpcu, Cic
Chief Administrative Officer
$340,212
$0 $282,934 $57,278

Benchmark Employee Compensation

Non-Employee Board Members

Alex J Oponski
Chair
Dale C Bowers
Trustee
David A Coulter
Trustee
Gary S Kahn
Trustee
Gregory W Turner
Trustee
Joshua M Guttau
Trustee

Contractors

Wellmark Blue Cross & Blue Shield of Iow
Claim Processing
$4,998,591
Delta Dental
Claim Processing
$383,901

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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