Form 5500 · Employee benefit plan · HUDSONVILLE, MI
ALTRON AUTOMATION GROUP INC.
The filing calls this plan ALTRON AUTOMATION GROUP HEALTH & WELFARE BENEFIT PLAN.
ALTRON AUTOMATION GROUP INC. of HUDSONVILLE, MI files a Form 5500 with the U.S. Department of Labor disclosing its employee benefit plan. Its broker of record is MARK W. SMITH. Coverage is written through PRIORITY HEALTH and 3 other carriers. The plan's most recent policy period ended in March.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 85-4784989 · plan 502 · plan year 2024, filed Sep 13, 2024
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How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
Benefits declared on this filing
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 5 insured contracts covering health, dental, vision, life and disability; the largest, with PRIORITY HEALTH, covers 253 people.
Reported premium across the insured contracts is $1,549,215, with $90,660 in disclosed broker commissions — about 5.9% of premium.
The health contract's policy period ended in March, while at least one ancillary line's policy period ended in February. The plan is on a split renewal cycle.
MARK W. SMITH is the broker of record on 1 of the 5 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including PRIORITY HEALTH, DELTA DENTAL OF MICHIGAN, UNUM LIFE INSURANCE COMPANY OF AMERICA and STARMOUNT LIFE INSURANCE COMPANY. PRIORITY HEALTH writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRIORITY HEALTH | Health | 253 | Mar 2, 2024 | $1,307,437 | $65,372 |
| DELTA DENTAL OF MICHIGAN | Dental | 265 | Feb 29, 2024 | $95,358 | $10,275 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 125 | Mar 2, 2024 | $87,923 | $6,744 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life | 70 | Mar 2, 2024 | $41,641 | $6,246 |
| STARMOUNT LIFE INSURANCE COMPANY | Vision | 91 | Mar 2, 2024 | $16,856 | $2,023 |
Premium and claims on this contract
DELTA DENTAL OF MICHIGAN, contract 0010954. For the contract year on this filing, the carrier reported $95,353 in premium earned and $90,597 in claims incurred. Dividing one by the other gives 95%.
- DELTA DENTAL OF MICHIGAN, contract 0010954 reported $18,355 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Other plans filed by this employer
How this plan compares
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