Overview
What is Southern Employer's Hospitalization Dental & Vision?
Southern Employer's Hospitalization Dental & Vision is a contributory employer welfare benefit plan, funded jointly by employers and employees. Located in Atlanta, Georgia, this plan is specifically designed to provide hospitalization, dental, and vision care benefits to full-time employees of Racetrac, Inc., Energy Dispatch, LLC, and Metroplex Energy, Inc., who work a minimum of 80 hours per month and are on the regular payroll. All qualified claims are contractual obligations of the employer, which means they are paid directly by the plan rather than an insurance company.
Is Southern Employer's Hospitalization Dental & Vision legitimate?
Southern Employer's Hospitalization Dental & Vision is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern Employer's Hospitalization Dental & Vision 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
For more financial information, click here
What is the mission statement of Southern Employer's Hospitalization Dental & Vision?
Southern Employer's Hospitalization Dental & Vision is designed as a contributory employer welfare benefit plan, primarily aimed at providing hospitalization, dental, and vision care benefits for employees who work a minimum of 80 hours per month at Racetrac, Inc., Energy Dispatch, LLC, and Metroplex Energy, Inc. The plan is self-funded, with both employers and employees contributing towards claims. This means that the plan directly pays for qualified claims, making them contractual obligations that must be fulfilled when presented. The plan serves to provide essential healthcare benefits to these employees, ensuring they have access to necessary medical services.
Who is the CEO of Southern Employer's Hospitalization Dental & Vision?
Jill Van Pelt is the Alternate Member of Southern Employer's Hospitalization Dental & Vision.
What is the revenue of Southern Employer's Hospitalization Dental & Vision?
Southern Employer's Hospitalization Dental & Vision's revenue in 2022 was $2,491,193.
Who are the executives of Southern Employer's Hospitalization Dental & Vision and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $721,483
- Other: $10,496
- Compensation: $0
- Related: $546,175
- Other: $0
- Compensation: $0
- Related: $487,418
- Other: $11,623
- Compensation: $0
- Related: $292,361
- Other: $4,649
Where can I find the form 990 for Southern Employer's Hospitalization Dental & Vision?
Southern Employer's Hospitalization Dental & Vision's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Employer's Hospitalization Dental & Vision
Southern Employer's Hospitalization Dental & Vision is a contributory employer welfare benefit plan, specifically designed to provide hospitalization, dental, and vision care benefits to eligible employees. This organization, established for Racetrac, Inc., Energy Dispatch, LLC, and Metroplex Energy, Inc., serves regular employees who work at least 80 hours per month and are on the regular payroll. The mission of Southern Employer's Hospitalization Dental & Vision is to ensure that these employees have access to essential medical care services beyond their standard health insurance coverage.
The plan is self-funded, primarily through contributions from both the employers and employees. This self-funded model means that the plan directly pays for qualified claims, rather than relying on an insurance company. The plan's contractual obligations to fund all qualified claims when presented by either the plan or the employer further underscores its commitment to providing comprehensive medical care benefits to its eligible employees. By doing so, Southern Employer's Hospitalization Dental & Vision aims to support the overall well-being and health of its members, enabling them to maintain a balanced and productive work-life balance.
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Impact
October, 2024
Southern Employer's Hospitalization Dental & Vision significantly impacts employees by providing essential health benefits that enhance their overall well-being. The plan operates as a self-funded system, meaning that benefits for hospitalization, dental, and vision care are directly paid through employer and employee contributions, rather than through an external insurance provider. This structure allows for greater control over the benefits offered and can lead to more efficient claim processing.
By covering qualified claims as a contractual obligation of the employer, the plan ensures that employees have access to necessary healthcare services without the complications often associated with traditional insurance companies. This contributes to employee satisfaction and retention, as the benefits provided are tailored to meet the specific needs of those regularly scheduled to work at least 80 hours per month across participating companies such as RaceTrac, Inc., Energy Dispatch, LLC, and Metroplex Energy, Inc.
Overall, the plan supports a culture of mutual benefit among employers and employees, fostering a healthier workforce which can lead to increased productivity and reduced absenteeism.
This information is meant to be a general summary of Southern Employer's Hospitalization Dental & Vision. 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: $186
- Program Service Revenue: $2,491,007
- Gross Receipts: $2,491,193
Assets and Liabilities:
- Total Assets: $2,161,272
- Total Liabilities: $640,102
- Net Assets: $1,521,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$2,491,007
Organization Details
Founding Year
1996
Phone
(770) 431-7600Principal Officer
Jill Van Pelt
Main Address
200 GALLERIA PKWY SE SUITE 900, ATLANTA, GA, 30339
NTEE Category
Code: Y40 - Mutual benefit
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