Benecon

Legal name: Shared Services Health Plan Trust

Nonprofit profile at a glance

EIN
263118644
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Lititz, PA, USA
Phone
(888) 400-4647
Rating confidence
Limited
Sector
Voluntary Employees Beneficiary Associations (Non-Government)

Official website

Reported finances

Revenue
$58,035,605
Expenses
$54,044,481
Assets
$20,971,203
Liabilities
$1,145,911

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

People named in this filing

  • JEFF SCACCIA (CHAIR)
  • GLENN NATALI (VICE CHAIR (FROM 07/24))
  • GERALD SILBERMAN (VICE CHAIR (UNTIL 07/24))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Benecon provides self-funded health benefits solutions and related services to help employers deliver quality coverage and support to covered participants. After recognizing the effectiveness of group purchasing, Benecon’s founders pioneered self-funded consortiums and cooperatives. Over the years, we’ve evolved to provide a full suite of services and unlimited expert support through our Actuarial, Compliance, Finance and Producer Services Divisions. Today, we’re proud to manage fourteen self-funded programs with strong retention & measurable outcomes for our members. Support When You Need It Most You don’t have to figure it out on your own. Woman, health policy or regulations with clipboard for IV drip, healthcare nutrition or service. Female person, customer or client with nurse for vitamin checkup or immunity booster therapy in clinic.

What it reported doing in 2024

Employer and participant contributions and reimbursements from a reinsurance policy are used for the payment of health, vision, and prescription claims, as well as administrative expenses.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.9%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 13.8% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 16 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 18 people listed
  • Highest-paid contractors: 3 contractors listed · $908K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 13 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 13/100.