2024-05-14T13:07:20+00:00 2023-06-30 990 2022-07-01 043177556 Massachusetts Institute of Technology Welfare Benefit Plans Trust MASS 6172532734 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 JODI KESSLER DIRECTOR, TAX AND GLOBAL OPERATIONS 6173248969 2024-05-14 JODI KESSLER 999009999 2022 2023-04-26 12:10:37Z GLEN SHOR 77 Massachusetts Avenue Cambridge MA 02139 633242000 false X N/A X 1992 MA TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO COVERED ELIGIBLE RETIREES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND THEIR DEPENDENTS, AS WELL AS INDIVIDUALS RECEIVING LONG-TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS. 2 0 0 1701000 783507 0 20222000 23286000 164460000 52657000 0 184682000 75943000 0 39970000 48479000 0 0 0 2728000 2505000 42698000 50984000 141984000 24959000 957104000 937723000 4693000 22974000 952411000 914749000 TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO COVERED ELIGIBLE RETIREES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND THEIR DEPENDENTS, AS WELL AS INDIVIDUALS RECEIVING LONG-TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS. false false 50367000 23286000 MEDICAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE RETIREES, ALONG WITH MEDICAL BENEFITS FOR THOSE RECEIVING LONG TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS, WERE PROVIDED TO APPROXIMATELY 7237 INDIVIDUALS COVERED UNDER THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) WELFARE BENEFIT PLANS TRUST. 50367000 true false false false false false false false false false true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false X 2 0 true false false false false false false true false false false false false false false false false true true CA X JODI KESSLER 6173248969 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 Glen Shor Trustee 1.0 60.0 X 0 795890 68243 Seth Alexander Trustee 1.0 60.0 X 0 2635663 457443 0 3431553 525686 2 false true false WELLINGTON GROUP HOLDINGS LLP 280 Congress St Boston MA 02210 INVESTMENT MANAGER 188592 STATE STREET BANK ONE LINCOLN STREET BOSTON MA 02210 FINANCIAL CUSTODY SERVICES 157559 2 0 Retiree Contributions 900099 11065000 11065000 Employer Group Waiver Plan 900099 12221000 12221000 0 0 0 0 23286000 3886000 1701000 2185000 0 0 606070000 557299000 48771000 0 48771000 48771000 0 0 0 0 0 75943000 23286000 1701000 50956000 48479000 48479000 0 0 0 0 Claims Processing 1888000 1888000 Administrative Expenses 617000 617000 0 0 0 0 50984000 50367000 617000 0 18596000 30704000 0 0 0 0 0 0 0 0 226233000 245835000 704506000 653404000 0 7769000 7780000 957104000 937723000 1597000 4836000 0 0 3096000 18138000 4693000 22974000 952411000 914749000 952411000 914749000 957104000 937723000 24959000 -62621000 0 X false true X true X X X 1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 042103594 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 283000 F 2390000 F Partnership Investments 648151000 F U.S. Government Agency 1587000 F Repo 700000 F Preferred Stock 278000 F Domestic bonds 15000 F 653404000 Investments sold but not yet purchased 18138000 18138000 X 13322000 -62621000 0 -62621000 75943000 0 0 75943000 50984000 0 0 50984000 0 0 50984000 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote U.S. GAAP requires an evaluation of tax positions taken and recognition of a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The MIT Welfare Benefit Plans Trust has analyzed the tax positions taken and has concluded that as of June 30, 2023, there are no significant uncertain positions taken or expected to be taken. false true false false false false false false false Seth Alexander Trustee 0 911111 0 1666438 0 58114 0 425126 0 32317 0 3093106 0 347857 Glen Shor Trustee 0 756890 0 0 0 39000 0 36085 0 32158 0 864133 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan An employee of the MIT Investment Management Company is eligible for incentive compensation based on the performance of the Institute's investments. A portion of their incentive compensation is paid in an initial calendar year, and the remainder is deferred to being paid in the subsequent calendar year contingent on continued service to MITIMCo through specified dates. Incentive compensation actually paid in calendar year 2022 is reflected in Column B(ii). This includes incentive compensation from prior calendar years for which payment was deferred, contingent on continued service. That amount is listed in Column F. Calendar year 2022 incentive compensation for which payment has been deferred contingent on continued service is included in Column C. Form 990, Part VI, Line 2 Business Relationship For fiscal year 2023, the following current trustee of the MIT Welfare Benefit Plans Trust was employed by the Massachusetts Institute of Technology, of which Glen Shor was also an officer and director: Seth Alexander. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body MIT WELFARE BENEFIT PLANS TRUST'S FORM 990 IS REVIEWED FOR ACCURACY AND COMPLETENESS PRIOR TO FILING UNDER THE DIRECTION OF THE TRUSTEES. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents and financial statements are available upon request. The Massachusetts Institute of Technology (MIT)'s policies are available on MIT's website. Form 990, Part VI, Lines 12-14 Policies and Procedures BARRING SPECIFIC ACTION TO THE CONTRARY, MIT WELFARE BENEFIT PLANS TRUST FOLLOWS APPLICABLE WRITTEN POLICIES AND PROCEDURES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY. MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 EDUCATION MA 501(c)(3) 2 NA false false false false false false false false false false false false false false false false false false false false