Walmart Inc Associates Health And Welfare Plan
- Assets
- $855.8m
- Revenue
- $3.5b
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 71-0569421
Organization Overview
Walmart Inc Associates Health And Welfare Plan is located in Bentonville, AR. The organization was established in 1983. 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. Walmart Inc Associates Health And Welfare Plan 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, Walmart Inc Associates Health And Welfare Plan generated $3.5b in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.5b during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE ASSOCIATES OF WALMART INC. IN THE UNITED STATES AND PUERTO RICO. THE ASSOCIATES' HEALTH AND WELFARE PLAN PRIMARILY PROVIDES MEDICAL, DENTAL AND OTHER BENEFITS TO ENROLLED PARTICIPANTS WITH CONTRIBUTIONS PROVIDED BY THE PLAN SPONSOR AND ENROLLED PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HEALTH AND WELFARE BENEFITS TO ENROLLED ASSOCIATES AND DEPENDENTS INCLUDING MEDICAL, DENTAL, LIFE INSURANCE, AD&D INSURANCE, AND OTHER BENEFITS FOR OVER 1,300,000 ASSOCIATES DURING THE 2021 PLAN YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Stavisky Admin. Committee | Trustee | 20 | $0 |
Name Not Listed Bank Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Blue Cross And Blue Shield Administrative Services | 12/30/21 | $205,186,220 |
United Healthcare Administrative Services | 12/30/21 | $16,394,897 |
Delta Dental Of Arkansas Administrative Services | 12/30/21 | $10,039,832 |
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 | $3,518,041,215 |
| Investment income | $27,009 |
| 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 | $3,518,068,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,294,351,692 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,050,484 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,516,402,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,557,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $631,312,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,900,341 |
| Total assets | $855,770,583 |
| Accounts payable and accrued expenses | $787,391,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $787,391,953 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $68,378,630 |
| Total liabilities and net assets/fund balances | $855,770,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chs Community Health Systems Inc Veba Trust Franklin, TN | $6,362 | $692,904,149 |
Baylor Health Care Systems Employee Welfare Benefit Trust Dallas, TX | $54,076,161 | $593,664,917 |
Bp Corporation North America Inc Veba Master Trust Houston, TX | $4,585,667 | $436,888,413 |
Schlumberger Master Health Care Trust Houston, TX | $1,063,460,289 | $854,608,964 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Concordia Health Plan St Louis, MO | $188,828,015 | $265,014,136 |
Ascension Welfare Benefits Trust St Louis, MO | $210,808,680 | $226,788,155 |
Bank Of Amercia Retiree Group Benefits Program Dallas, TX | $117,373,753 | $197,895,743 |
Kohls Department Stores Inc Health And Welfare Benefits Trust Dallas, TX | $6,325,809 | $205,972,558 |
Boilermakers National Health & Welfare Fund Kansas City, MO | $1,261,871,691 | $255,866,207 |
Baptist Memorial Medical Ministries Employee Health & Welfare Tr Memphis, TN | $26,076,318 | $186,955,812 |
Ameren Health & Welfare Trust Saint Louis, MO | $900,119,416 | $180,801,969 |