Form 5500 · Employee benefit plan · EAST SYRACUSE, NY
APEO, LLC
The filing calls this plan APEO, LLC HEALTH AND WELFARE PLAN.
APEO, LLC of EAST SYRACUSE, NY insures health, dental, vision and life coverage for its employees, per Schedule A of its Form 5500. Its broker of record is MERCER HEALTH AND BENEFITS ADMIN. Coverage is written through EXCELLUS BLUE CROSS BLUE SHIELD and 4 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 47-1690947 · plan 501 · plan year 2023, filed Oct 11, 2024
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3,536 other employer plans in New York have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Life: TRANSAMERICA LIFE INSURANCE COMPANY covers 839 of 14,672 participants (5.7%) on Schedule A.
Also declared: prepaid legal.
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.
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 13 insured contracts covering health, dental, vision and life; the largest, with EXCELLUS BLUE CROSS BLUE SHIELD, covers 6,199 people.
Reported premium across the insured contracts is $61,813,232, with $1,095,380 in disclosed broker commissions — about 1.8% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
MERCER HEALTH AND BENEFITS ADMIN is the broker of record on 1 of the 13 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including EXCELLUS BLUE CROSS BLUE SHIELD, METROPOLITAN LIFE INSURANCE COMPANY, AETNA LIFE INSURANCE COMPANY and TRANSAMERICA LIFE INSURANCE COMPANY. EXCELLUS BLUE CROSS BLUE SHIELD writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Life | 839 | Jan 1, 2024 | $414,603 | $408,665 |
| EXCELLUS BLUE CROSS BLUE SHIELD | Health | 6,199 | Jan 1, 2024 | $58,070,345 | $342,615 |
| METROPOLITAN LIFE INSURANCE COMPANY | — | 3,250 | Jan 1, 2024 | $372,445 | $166,768 |
| METROPOLITAN LIFE INSURANCE COMPANY | — | 1,290 | Jan 1, 2024 | $213,137 | $103,619 |
| METROPOLITAN LIFE INSURANCE COMPANY | — | 3,200 | Jan 1, 2024 | $191,032 | $62,826 |
| ARAG INSURANCE COMPANY | — | 488 | Jan 1, 2024 | $64,094 | $6,409 |
| ARAG INSURANCE COMPANY | — | 216 | Jan 1, 2024 | $21,364 | $2,136 |
| ARAG INSURANCE COMPANY | — | 90 | Jan 1, 2024 | $13,712 | $1,372 |
| ARAG INSURANCE COMPANY | — | 44 | Jan 1, 2024 | $4,839 | $484 |
| ARAG INSURANCE COMPANY | — | 28 | Jan 1, 2024 | $3,715 | $371 |
| ARAG INSURANCE COMPANY | — | 10 | Jan 1, 2024 | $1,149 | $115 |
| METROPOLITAN LIFE INSURANCE COMPANY | Dental | 4,692 | Jan 1, 2024 | $1,239,984 | $0 |
| AETNA LIFE INSURANCE COMPANY | Vision | 12,486 | Jan 1, 2024 | $1,202,813 | $0 |
Premium and claims on this contract
EXCELLUS BLUE CROSS BLUE SHIELD, contract 101146-0002. For the contract year on this filing, the carrier reported $58,070,345 in premium earned and $51,713,332 in claims incurred. Dividing one by the other gives 89%.
- EXCELLUS BLUE CROSS BLUE SHIELD, contract 101146-0002 reported $7,915,904 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.
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Renewal calendar
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