Form 5500 · Employee benefit plan · MANATI
BASF AGRICULTURAL PRODUCTS DE PUERTO RICO
The filing calls this plan BASF AGRICULTURAL PRODUCTS OF PR HEALTH INSURANCE BENEFIT PLAN.
Public Form 5500 records show how BASF AGRICULTURAL PRODUCTS DE PUERTO RICO of MANATI, PR, a manufacturing employer, structures its employee benefits. Its broker of record is MARSH PUERTO RICO INC. Coverage is written through MCS LIFE INSURANCE COMPANY and 1 other carrier. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 66-0584515 · plan 501 · plan year 2025, filed May 20, 2026
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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 2 insured contracts covering health, dental and life; the largest, with MCS LIFE INSURANCE COMPANY, covers 126 people.
Reported premium across the insured contracts is $1,393,526, with $82,808 in disclosed broker commissions — about 5.9% 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.
MARSH PUERTO RICO INC is the broker of record on 1 of the 2 contracts; the rest name a different broker or none.
Two carriers split the book: MCS LIFE INSURANCE COMPANY and DELTA DENTAL OF PUERTO RICO, INC..
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| MCS LIFE INSURANCE COMPANY | Health, Dental, Life | 126 | Jan 1, 2026 | $1,340,350 | $79,617 |
| DELTA DENTAL OF PUERTO RICO, INC. | Dental | 124 | Jan 1, 2026 | $53,176 | $3,191 |
Premium and claims on these contracts
MCS LIFE INSURANCE COMPANY, contract 790570. For the contract year on this filing, the carrier reported $1,340,350 in premium earned and $1,077,154 in claims incurred. Dividing one by the other gives 80%.
DELTA DENTAL OF PUERTO RICO, INC., contract 2528. For the contract year on this filing, the carrier reported $53,176 in premium earned and $42,345 in claims incurred. Dividing one by the other gives 80%.
- MCS LIFE INSURANCE COMPANY, contract 790570 reported $201,053 in retention.
- DELTA DENTAL OF PUERTO RICO, INC., contract 2528 reported $3,191 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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