Overview
What is Cna Employees' Health Plan Trust?
Cna Employees' Health Plan Trust is a tax-exempt IRC Section 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA) based in Chicago, Illinois. This nonprofit organization serves as a trust that offers permissible welfare benefits to its members. The trust had 4,993 active participants and 736 retired or separated participants in 2021, with both member and employer contributions funding these benefits. The trust is recognized as a Master Trust Investment Account (MTIA) for Form 5500 purposes, which exempts it from Department of Labor audit requirements but subjects the underlying plans paid through the VEBA to audits when applicable. The primary mission of the trust is to provide health, welfare, and supplementary unemployment compensation benefits to the participating members of the VEBA.
Official website here: www.cna.com
Is Cna Employees' Health Plan Trust legitimate?
Cna Employees' Health Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cna Employees' Health Plan 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.cna.com
What is the mission statement of Cna Employees' Health Plan Trust?
This tax-exempt Voluntary Employees' Beneficiary Association (VEBA), identified as Cna Employees' Health Plan Trust, serves the purpose of supplying permissible welfare benefits to its members. Benefits are extended to 4,993 active participants and 736 retired or separated individuals. Recognized as a Master Trust Investment Account (MTIA) for Form 5500 purposes, the VEBA itself is exempt from audit requirements by the Department of Labor. However, the underlying plans funded through the VEBA are subject to audits when applicable.
Official website here: www.cna.com
Who is the CEO of Cna Employees' Health Plan Trust?
Victoria Giurato is the Trustee of Cna Employees' Health Plan Trust.
Official website here: www.cna.com
What is the revenue of Cna Employees' Health Plan Trust?
Cna Employees' Health Plan Trust's revenue in 2022 was $76,232,589.
Official website here: www.cna.com
Who are the executives of Cna Employees' Health Plan Trust and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.cna.com
Where can I find the form 990 for Cna Employees' Health Plan Trust?
Cna Employees' Health Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cna.com
Learn more at the official website: www.cna.com
Mission Statement of Cna Employees' Health Plan Trust
The Cna Employees' Health Plan Trust is a tax-exempt Voluntary Employees' Beneficiary Association (VEBA) dedicated to providing health, welfare, and supplemental unemployment compensation benefits to its participating members. Established under IRC Section 501(c)(9), the primary purpose of this trust is to offer permissible welfare benefits to its VEBA members.
The trust provided benefits for 4,993 active participants and 736 retired or separated participants using funds from both member and employer contributions. This VEBA trust is recognized as a Master Trust Investment Account (MTIA) for Form 5500 reporting purposes. Consequently, the MTIA (VEBA) itself is not subject to audit requirements set by the Department of Labor. However, the underlying plans funded through the VEBA are subject to audit, where applicable.
In essence, the Cna Employees' Health Plan Trust acts as a vital intermediary, using its resources to deliver crucial welfare benefits to the members of the association. By offering a range of health, welfare, and unemployment compensation benefits, the trust ensures its members have access to essential services when they need them most. The trust's commitment to providing permissible welfare benefits to its VEBA members is a cornerstone of its mission and a testament to its dedication to the well-being of its community.
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Impact
October, 2024
Cna Employees' Health Plan Trust significantly impacts the health and well-being of its participating members by providing essential health, welfare, and supplementary unemployment compensation benefits. Serving nearly 5,000 active participants and over 700 retired or separated individuals, the trust ensures that a broad base of members receives critical support and financial assistance in times of need.
The plan operates under the framework of a Voluntary Employees' Beneficiary Association (VEBA), which allows for tax-exempt contributions from both members and employers. This structure not only enables members to access a variety of permissible welfare benefits but also enhances the financial sustainability of the benefits provided. By focusing on the needs of its members, the Cna Employees' Health Plan Trust plays a crucial role in promoting health security and financial stability among its participants, fostering a sense of community and mutual support in the face of economic challenges.
This information is meant to be a general summary of Cna Employees' Health Plan 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.
- Investment Income: $68,366
- Program Service Revenue: $76,164,223
- Gross Receipts: $76,232,589
Assets and Liabilities:
- Total Assets: $12,411,186
- Total Liabilities: $6,098,905
- Net Assets: $6,312,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$49,813,245
EMPLOYEE CONTRIBUTIONS
Revenue
$26,350,978
Organization Details
Founding Year
1988
Phone
(605) 330-4677Principal Officer
Victoria Giurato
Main Address
151 N FRANKLIN ST 4TH FLOOR, CHICAGO, IL, 60606
Website
www.cna.comNTEE Category
Code: Y40 - Mutual benefit
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