Hyatt Corporation Welfare Benefit Trust

Organization Overview

Hyatt Corporation Welfare Benefit Trust is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyatt Corporation Welfare Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Hyatt Corporation Welfare Benefit Trust generated $127.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $122.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PLAN PROVIDES MEDICAL, DENTAL, PRESCRIPTION, AND VISION BENEFITS TO ELIGIBLE REGULAR FULL-TIME EMPLOYEES AND THEIR DEPENDENTS OF HYATT CORPORATION AND ITS AFFILIATES AND SUBSIDIARIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN PROVIDES MEDICAL, DENTAL, PRESCRIPTION, AND VISION BENEFITS TO ELIGIBLE REGULAR FULL-TIME EMPLOYEES AND THEIR DEPENDENTS OF HYATT CORPORATION AND ITS AFFILIATES AND SUBSIDIARIES. THE PLAN IS SUBJECT TO THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA), AS AMENDED.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield
Administrative Services
$2,856,870
United Health Care
Administrative Services
$993,547
Aon
Administrative Services
$611,768
Alight Solutions Llc
Administrative Services
$2,560,323
Aetna Inc
Administrative Services
$1,651,860
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$127,363,594
Investment income $7,319
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $127,454,104

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