2020-07-13T09:31:02-05:00 2019-06-30 990 2018-07-01 043177556 Massachusetts Institute of Technology Welfare Benefit Plans Trust MASS 6172534835 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 DANIELLE KHOURY CONTROLLER 2020-07-13 2018 2021-01-29 14:40:06Z GLEN SHOR 77 Massachusetts Avenue Cambridge MA 02139 117638000 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 0 253000 191141 0 0 19493000 13169000 19092000 10527000 0 0 38585000 23696000 0 0 28952000 33793000 0 0 0 0 0 2270000 2333000 31222000 36126000 7363000 -12430000 695458000 712213000 4131000 1057000 691327000 711156000 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 35585000 13169000 HEALTH INSURANCE, LIFE INSURANCE AND LONG TERM DISABILITY BENEFITS WERE PROVIDED TO APPROXIMATELY 6920 INDIVIDUALS COVERED UNDER THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) WELFARE BENEFIT PLANS TRUST. 35585000 true false false false false false false false false false true false false false 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 true false false false false false true true X Danielle Khoury 6172534835 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 Seth Alexander Trustee 1.0 60.0 X 0 2091833 370013 Israel Ruiz Trustee 1.0 60.0 X 0 770726 56185 0 2862559 426197 0 false true false STATE STREET BANK ONE LINCOLN STREET BOSTON MA 02210 FINANCIAL CUSTODY SERVICES 286245 PRICEWATERHOUSECOOPERS LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 TAX AND AUDITING SERVICES 110351 2 0 Employer's Contributions 668000 668000 Retiree Contributions 7443000 7443000 Employer Group Waiver Plan 5058000 5058000 0 0 0 0 13169000 270000 253000 17000 0 0 104199000 93942000 10257000 0 10257000 10257000 0 0 0 0 0 23696000 13169000 253000 10274000 33793000 33793000 0 0 0 0 Claims Processing 1792000 1792000 Administrative Expenses 541000 541000 0 0 0 0 36126000 35585000 541000 0 47232000 17168000 0 0 0 0 0 0 0 4774000 103583000 635391000 590203000 0 8061000 1259000 695458000 712213000 4131000 1057000 0 0 0 4131000 1057000 X 691327000 711156000 691327000 711156000 695458000 712213000 -12430000 32259000 0 X false true X true 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 1710000 F Partnership Investments 588493000 F Common Collective Trusts 0 F 590203000 0 X 55955000 32259000 0 32259000 23696000 0 0 23696000 36126000 0 0 36126000 0 0 36126000 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 Plan's Trust has analyzed the tax positions taken and has concluded that as of June 30, 2019, there are no significant uncertain positions taken or expected to be taken. false false false false false false false false false Seth Alexander Trustee 0 732166 0 1314667 0 45000 0 342100 0 27913 0 2461846 0 259875 Israel Ruiz Trustee 0 726570 0 0 0 44156 0 30250 0 25935 0 826911 0 0 Form 990, Part VI, Line 2 Business Relationship The following current officer/director of the MIT Welfare Benefit Plans Trust is employed by MIT, of which Israel Ruiz is 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 OFFICER RESPONSIBLE FOR TAX MATTERS REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS 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 true