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- EIN 13-5562401
- (646) 458-2400
- 120 Broadway 19th Floor New York NY 10271-1999 USA
- www.yretirement.org
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Nonprofit Overview
Causes: Human Services, Pension & Retirement Funds, Physical Fitness & Community Recreational Facilities, Sports, Young Mens or Womens Associations
Mission: The purpose of the ymca retirement fund is to support ymcas by providing pension and welfare benefit programs to empower ymca employees to achieve economic security during their working and retirement years, thereby resulting in loyalty to the ymca movement.
Programs: The ymca retirement fund provided monthly annuity payments to approximately 14,300 retired ymca employees with an average annual annuity of approximately $18,400. During the fiscal year ended june 30, 2018, the ymca retirement fund provided benefits (including death and disability benefits) in excess of $922,549,000. The following bundled benefits are provided to all participating ymca's: retirement plan: a defined contribution money purchase church pension plan that is intended to satisfy the qualification requirements of section 401(a) of the internal revenue code (code). Tax-deferred savings plan: a retirement income account plan as defined in section 403(b)(9) of the code. Life annuities to retirees: the ymca retirement fund provides annuities based upon accumulated account balances in the retirement plan and tax-deferred savings plan to participants of retirement age. Death and disability benefits: retirement death and disability benefits are provided to participants or their beneficiaries upon death or permanent total disability.