John E. Grace

Publication Date

1976

Document Type

Dissertation/Thesis

First Advisor

Alwan, Hadi H.

Degree Name

M.S. (Master of Science)

Legacy Department

Department of Finance

LCSH

Self-insurance; Small business--Finance; Trusts and trustees

Abstract

The 501(C)(9) Trust is currently used by some large corporations to provide an orderly, efficient vehicle for funding self-insurance benefits. The object of this study was to .determine if a smaller company should also use trust funding for such benefits and to identify practical approaches to planning and accounting for same. Personal interviews with large corporations who are using trust funding, review of related literature plus discussions with lawyers, accountants, and insurance people were part of the study. Conclusions of the study are based on the above plus models constructed to aid the analysis of financial aspects. The primary conclusions are: (1) that a smaller company can benefit by trust funding self-insurance benefits, and (2) that planning and accounting for such funding does not present any problems of extreme difficulty. A secondary conclusion is that legislation will have an important bearing on the desirability of as well as the option for using #501(C)(9) Trusts in the future.

Comments

Includes bibliographical references.

Extent

64 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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