Form 5500 · Employee benefit plan · CHICAGO, IL
BANK ADMINISTRATION INSTITUTE
The filing calls this plan BANK ADMINISTRATION INSTITUTE HEALTH AND WELFARE BENEFIT PLAN.
BANK ADMINISTRATION INSTITUTE of CHICAGO, IL is a 149-participant other services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is ALLIANT INSURANCE SERVICES INC. Coverage is written through BLUECROSS BLUESHIELD OF ILLINOIS and 2 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 36-3330171 · plan 501 · plan year 2024, filed Jul 14, 2025
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
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
2 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.
Also declared: other welfare.
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 5 insured contracts covering health, dental, vision and life; the largest, with BLUECROSS BLUESHIELD OF ILLINOIS, covers 265 people.
The filing declares health, dental, vision, life and disability. Disability appears with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 2 contracts here that do not say what they cover.
Reported premium across the insured contracts is $2,371,056, with $99,056 in disclosed broker commissions — about 4.2% 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.
ALLIANT INSURANCE SERVICES INC is the broker of record on 4 of the 5 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF ILLINOIS | Health, Dental | 265 | Jan 1, 2025 | $2,227,984 | $88,594 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Life | 148 | Jan 1, 2025 | $79,260 | $3,830 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 121 | Jan 1, 2025 | $39,018 | $3,821 |
| DEARBORN LIFE INSURANCE COMPANY | Vision | 113 | Jan 1, 2025 | $15,965 | $1,596 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 121 | Jan 1, 2025 | $8,829 | $1,215 |
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
Subscribers see how this compares with similar plans in Illinois. A subscription also adds this plan's filing history and the renewal calendar for its state. See plans and prices
Without an account you can open 10 employer, broker and carrier pages a day, including through an AI assistant, and 50 a day with a free account. Paid plans are what keep these records free to read.
More employer plans in Illinois — largest plans, brokers, carriers and renewal months.