Donald Trump’s father, Fred Trump, died from pneumonia in 1999, after suffering from Alzheimer’s disease for six years.
The president-elect’s family history could have something to do with the benefits that his New York City-based Trump Payroll Corp. has offered, and his company’s benefits menu could shape how he thinks of insurance, retirement program and employee benefits once he’s in office.
Here’s a look at five facts about the Trump Payroll Corp.’s group long-term care insurance plan, gleaned from the entity’s Form 5500 filing for 2015.
1. The address
Trump has connections with many corporate affiliates, but the core of his operations is the Trump Organization, which has its main office at 725 Fifth AVe. in New York City. Trump Payroll Corp. has its main office at that same address.
2. Number of participants
The number of participants increased to 159 by March 31, at the end of the plan year, from 154 at the beginning of the plan year.
3. The insurer
The insurer providing the coverage is First Unum Life Insurance Co., a unit of Chattanooga, Tennessee-based Unum Group.
The insurer received $26,149 in payments for the coverage, or about $167 per participant.
Four years earlier, in 2011, the insurer received $31,275, or $181 per covered life, for covering 173 people.
Unum has stopped writing new group long-term care insurance coverage, but many of the company’s older group long-term care insurance plans are still in effect. Trump Payroll Corp. set up its group long-term care insurance program in 2004.