Overview
What is California Employers Healthcare Alliance Trust?
California Employers Healthcare Alliance Trust, abbreviated as CEHAT, is a voluntary Employees' Benefits Association (VEBA) based in Glendale, California. This nonprofit entity, located at 1000 North Central Avenue 400, provides health and welfare benefits to eligible participants and beneficiaries of the subscribing employers. CEHAT is subject to the Employee Retirement Income Security Act of 1974 (ERISA), ensuring a certain level of protection for its members. The primary purpose of CEHAT is to enable subscribing employers to purchase various insurance products for their eligible employees and their dependents, aiming to enhance their overall well-being.
Is California Employers Healthcare Alliance Trust legitimate?
California Employers Healthcare Alliance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. California Employers Healthcare Alliance Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of California Employers Healthcare Alliance Trust?
The California Employers Healthcare Alliance Trust, as a voluntary employees' benefits association, aims to offer subscribing employers the opportunity to procure various insurance products for their eligible employees and their dependents. This trust, subject to the Employee Retirement Income Security Act of 1974 (ERISA), serves to provide health and welfare benefits to eligible participants and beneficiaries of the subscribing employers. By facilitating the purchase of insurance products, the trust aims to support the well-being of the employees and their families, thereby enhancing the overall workforce health of the subscribing employers.
Who is the CEO of California Employers Healthcare Alliance Trust?
Neal Dudovitz is the Chairperson of California Employers Healthcare Alliance Trust.
What is the revenue of California Employers Healthcare Alliance Trust?
California Employers Healthcare Alliance Trust's revenue in 2022 was $5,403,564.
Who are the executives of California Employers Healthcare Alliance Trust and what are their salaries?
Here are 2 key members and their salaries:
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Where can I find the form 990 for California Employers Healthcare Alliance Trust?
California Employers Healthcare Alliance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California Employers Healthcare Alliance Trust
California Employers Healthcare Alliance Trust, often referred to as CEHAT, serves as a Voluntary Employees' Benefits Association (VEBA). Its primary mission is to offer subscribing employers the opportunity to purchase various insurance products for their eligible employees and their dependents. By doing so, CEHAT aims to provide comprehensive health and welfare benefits to these individuals, ensuring they receive the necessary coverage. The trust operates under the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), ensuring a secure and regulated system for all involved.
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Impact
October, 2024
California Employers Healthcare Alliance Trust (CEHAT) significantly impacts the healthcare landscape for employers and employees in California by facilitating access to a variety of insurance products. By operating as a Voluntary Employees' Benefits Association (VEBA), CEHAT enables subscribing employers to provide comprehensive health and welfare benefits to their eligible employees and dependents.
The trust's structure allows businesses to pool resources, which can lead to more cost-effective purchasing power for insurance products. This collaborative approach helps employers enhance their benefits offerings, making it easier to attract and retain talent in a competitive job market.
Moreover, CEHAT operates under the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), ensuring that the benefits provided meet regulatory standards and protect the interests of participants. This commitment to compliance reinforces trust and reliability among employers and employees, thereby supporting a healthier workforce in California.
Overall, CEHAT plays a vital role in promoting mutual benefit, enhancing employee well-being, and fostering a supportive environment for businesses and their workers across the state.
This information is meant to be a general summary of California Employers Healthcare Alliance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $5,403,564
- Gross Receipts: $5,403,564
Assets and Liabilities:
- Total Assets: $113,877
- Total Liabilities: $7,925
- Net Assets: $105,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,395,026
COBRA CONTRIBUTIONS
Revenue
$8,538
Organization Details
Founding Year
2009
Phone
(818) 243-0222Principal Officer
Neal Dudovitz
Main Address
1000 NORTH CENTRAL AVENUE 400, GLENDALE, CA, 91202
NTEE Category
Code: Y43 - Mutual benefit
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