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Plan Overview

MASTER TRUST FOR IHC RETIREE WELFARE AND IHC DISABLED EMPLOYEE MED BENEFIT PLANS

Defined Benefit Plan
MASTER TRUST FOR IHC RETIREE WELFARE AND IHC DISABLED EMPLOYEE MED BENEFIT PLANS is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.

It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.

Plan & Company Information:
CompanyINTERMOUNTAIN HEALTH CARE INC
36 S State St
Salt Lake City, UT 84111-1498
801-442-5000
Plan NameMASTER TRUST FOR IHC RETIREE WELFARE AND IHC DISABLED EMPLOYEE MED BENEFIT PLANS
Plan Type Plan Type
Defined Benefit Plan
(Expanded Definition and Explanation)
Plan Administrator
36 S State St Ste 1000
Salt Lake City, UT 84111-1498
801-442-3527
   
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