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← STATE OF INDIANA HEALTH REIMBURSEMENT ARRANGEMENT HRA

Form 990 for tax year 2024

Filed by STATE OF INDIANA HEALTH REIMBURSEMENT ARRANGEMENT HRA.

Totals

Total revenue
$26,487,841
Total expenses
$18,639,965
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,867,840
Investment income
$18,620,001
Other revenue
$0
Total assets, end of year
$342,634,381
Total liabilities, end of year
$508,727
Net assets or fund balances, end of year
$342,125,654
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Plan contributions

    total $7,867,840 · related or exempt $7,867,840

  • 3 · Investment income

    total $17,017,757 · excluded $17,017,757

  • 7a · Gross sales of assets other than inventory

    securities $13,773,640

  • 7b · Less cost or other basis and sales expenses

    securities $12,171,396

  • 7c · Gain or loss

    securities $1,602,244

  • 7d · Net gain or loss

    total $1,602,244 · excluded $1,602,244

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $16,859,032

  • 11a · Fees: management

    total $1,744,443

  • 24a · Other expenses: PCORI Fees

    total $36,490

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $279,354 · end of year $417,987

  • 11 · Investments: publicly traded securities

    beginning of year $215,472,103 · end of year $234,565,549

  • 12 · Investments: other securities

    beginning of year $105,493,801 · end of year $107,650,845

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,824 · end of year $162,993

  • 19 · Deferred revenue

    beginning of year $139,530 · end of year $254,994

  • 25 · Other liabilities

    beginning of year $66,577 · end of year $90,740

  • 28 · Net assets with donor restrictions

    beginning of year $320,899,327 · end of year $342,125,654

Mission and programs · 2024

Mission

The Trust has been established to provide employees with health benefits as set forth in the related plan, while they are eligible to receive such benefits, and to provide such other permissible payments as may be determined from time to time. It is intended that the benefits and payments provided by the related plan and funded through the Trust be "life, sick, accident, or other benefits" as that phrase is defined in Section 501(c)(9) of the Internal Revenue Code.

Activities or mission (Part I)

To provide qualified health and welfare benefits through a health reimbursement arrangement (HRA).

  • This trust holds the assets of the State of Indiana Health Reimbursement Arrangement "HRA" Account Plan (the Plan) for employees of school corporations and governmental employers within the State of Indiana. The Plan is a defined contribution, health and welfare benefit plan commonly referred to as a "health reimbursement arrangement" plan. The Plan is designed to be a tax-free account for participants to pay health benefits not provided by Social Security, Medicare, or any other health insurance contract or plan. The payments or reimbursements may not be made for items paid or payable by any other insurance contract or plan, or for expenses that are deducted by the participant under any Section of the Internal Revenue Code or which were incurred prior to becoming a participant of the Plan. Reimbursement may be made for the out-of-pocket portion of premiums due for Medicare. The aforementioned expenses must be expenses of the participants, the spouses of the participants and/or the tax-qualified dependents of the participants.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Washington Trust Bank

    Trustee

    Total calculated
    $108,603
    From this org
    $0
    From related orgs
    $108,603
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Elkhart Community Schools

  • Perry Township Schools

  • Anderson Comm School

  • Carmel Clay Schools

  • Jennings County School Corp

  • Seymour Comm Schools

  • Fort Wayne Community School

  • MSD Of Washington Township

  • Franklin Township Community Schools

  • Merrillville Comm School Corp

  • Penn-Harris-Madison School Corp

  • Washington Comm

  • Sunman Dearborn Community School Corp

  • Indianapolis Public Schools

  • Greenfield Ctrl Comm School Co

  • Whitley County Schools

  • School City Of East Chicago

  • Richmond Community Schools

  • Noblesville Schools

  • New Castle Community School Co

  • Beech Grove City Schools

  • MSD Lawrence Township

  • North Lawrence Comm Schools

  • Valparaiso Comm Schools

  • Warrick County School Corp

  • Linton-Stockton School Corp

  • Westfield Washington Schools

  • Crothersville Community Schools

  • West Lafayette Comm School Cor

  • Wawasee Community School

  • Brownsburg Comm School

  • Mississinewa Community Schools

  • Daviess Martin Co-Op

  • Hancock Madison Shelby ESD

  • Eastern Greene Community Schools

  • Steuben County

  • Orleans Community School

  • MSD Decatur Township

  • Mooresville Consolidated

  • Porter Township School Corp

  • CSC of Southern Hancock County

  • Crawfordsville Comm Schools

  • Huntington School Corp

  • Mount Vernon

  • South Montgomery

  • South Spencer Co School Corp

  • Sheridan Community Schools

  • Earlywood Education Services

  • River Forest Community School Corporation

  • Centerville-Abington

  • CA Beard Memorial School Corp

  • MSD Of North Posey

  • Wa-Nee Community Schools

  • Kokomo School Corporation

  • Nw Consolidated Schools Shelby

  • Union North United

  • Joint Educational Services In Special Education

  • Decatur Comm School

  • MSD Of Warren Twp

  • East Allen County Schools

  • Southside Spec-Serv Marion Cou

  • Nw Allen County School

  • Fremont Community Schools

  • Greencastle Community Schools

  • Wabash County

  • S Madison Comm Schools

  • Peru Community Schools

  • Union Co College Joint Sd

  • Ripley Oh Dearborn Rod S E C

  • Tri-Creek School Corporation

  • North Miami Community Schools

  • Liberty-Perry School Corp

  • North West Hendricks

  • Laporte Community Schools

  • North Gibson School Corp

  • Shelbyville Central Schools

  • Triton School Corp

  • Smith-Green Community Schools

  • Northeastern Wayne School Corp

  • Brownstown Central Community

  • Central Nine Career Center

  • South Henry School Corp

  • MSD Of Martinsville

  • Bloomfield School District

  • SE Fountain School Corp

  • East Porter County

  • Portage Township Schools

  • Hamilton Heights School Corp

  • Madison-Grant Schools

  • Randolph Eastern School Corp

  • Batesville Community School Corp

  • Eminence Community School Corp

  • Crown Point Comm School Corp

  • Greene-Sullivan Special Edu Co

  • Daleville Comm School Corp

  • So Vermillion Comm Schools

  • MSD Of Pike Township

  • Western Wayne

  • School City Of Hammond

  • Wes-Del Community Schools

  • Lakeland School Corp

  • Gibson-Pike-Warrick County Co-Op

  • Clinton Prairie School Corporation

  • West Noble School Corp

  • Delaware Community School Corporation

  • North White School Corp

  • Rising Sun Ohio Cty Comm Schoo

  • North Spencer County

  • South Ripley Community School

  • Hamilton Community Schools

  • Bluffton Harrison MSD

  • Southwestern Cons School Corp

  • Central Noble Comm School Corp

  • Unknown Employer

  • CSC Of Eastern Hancock Co

  • East Gibson School Corporation

  • Southeastern School Corp

  • Clinton Central School Corp

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HRA Administrators LLC

    C · Plan administration · WA

    Directly controlled by American International Group

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349314746

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