An organiza?tion established by its members that has as its primary activity providing supplemental retire?ment benefits to its members or death benefits to their beneficiaries does not qualify as an ex?empt social welfare organization. It may qualify under another paragraph of section 501(c) de?pending on all the facts.
However, a nonprofit association that is es?tablished, maintained, and funded by a local government to provide the only retirement bene?fits to a class of employees may qualify as a social welfare organization under section 501(c)(4).