Plan Snapshot
- Plan Sponsor: Covered Insurance Solutions, LLC
- Sponsor EIN: 814512828
- Sponsor Address: 1391 SPEER BLVD, DENVER, CO, 80204
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 90
- Total Assets: $50,920
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 90 | $50,920 | $1.2M | $196 |
| 2023 | 76 | $107,207 | $553,955 | $363,314 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JMB INSURANCE | Investment Advisor | $53,600 | — | $53,600 |
| THE BENECON GROUP | Investment Advisor | $35,986 | — | $35,986 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $13,716 | — | $13,716 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,302
- Estimated Expense Ratio: 202.871% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,238,296 | — | — | — | — |
| 2023 | $879,849 | — | — | — | — |