Deseret Mutual Benefit
Deseret Mutual Benefit Administrators, or DMBA, is a Salt Lake City-based company that administers benefit plans for Church employees. DMBA provides the insurance coverages and benefits the Church requires for its employees, as well as the expertise necessary to administer the benefits. Before the 1970s, the Church contracted with three different companies to handle employee benefit plans. However, Church leaders decided that it would be more economical for the Church to insure its own employees. In response, the Church formed the Deseret Mutual Benefit Association, which later changed its name to Deseret Mutual Benefit Administrators.
DMBA administers welfare and financial benefits for employees of its participating employers
The Deseret Mutual Benefit Administrators (DMBA) is a nonprofit organization that administers welfare and financial benefits for employees of participating employers. This organization provides a variety of employer-provided benefits, including retirement and health care plans, as well as health insurance. The organization was originally named the Deseret Mutual Insurance Company but changed its name in 1987. It is based in Salt Lake City, Utah.
It has expanded its benefits to include dental, 401(k) savings and investments
Deseret Mutual is a company based in Salt Lake City that provides health, retirement, life and disability benefits to members of the Church. In addition to administering the plan, DMBA also provides the Church with benefits expertise. Prior to 1970, the Church used three different companies to administer its employee benefits. In the early 1970s, Church leaders decided to offer more benefits for less money, and formed Deseret Mutual Benefit Association. In 1987, the name changed to Deseret Mutual Benefit Administrators.
It employs close to 400
The Deseret Mutual Benefit Administrator (DMBA) are a Utah-based company that administers employee benefit plans and benefits for members of the Church. Its employees work in a wide range of positions, including customer service, claims processing, medical services, investment planning, provider relations, and printing technology. DMBA also has staff in accounting and legal services. Today, DMBA employs close to 400 people.