Form 5500 · Employee benefit plan · CHICAGO, IL
BMO FINANCIAL CORP
The filing calls this plan BANK OF THE WEST GROUP HEALTH AND WELFARE PLAN.
BMO FINANCIAL CORP of CHICAGO, IL spreads its employee benefits across 10 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is WILLIS TOWERS WATSON US LLC. Coverage is written through KAISER FOUNDATION HEALTH PLAN, INC. and 9 other carriers. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 51-0275712 · plan 506 · plan year 2023, filed Jun 17, 2024
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
125 other employer plans in Illinois have policy years ending in August. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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.
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
Dental: the largest of the 2 insured dental contracts, with DELTA DENTAL OF CALIFORNIA, covers 739 of 8,364 participants (8.8%) on Schedule A.
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: prepaid legal, death benefits, 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.
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 14 insured contracts covering health, dental, life, disability and stop-loss.
The filing declares health, dental, life, disability and vision. Vision 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.
The filing lists a stop-loss contract. On its own that does not settle whether the plan pays its own claims.
Reported premium across the insured contracts is $25,537,249, with $434,678 in disclosed broker commissions — about 1.7% of premium.
The most recent policy period ended in August, and the plan year ends August 31. Group contracts typically renew on that annual cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| RELIASTAR LIFE INSURANCE COMPANY | Stop-loss | 4,746 | Sep 1, 2023 | $2,977,733 | $178,664 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 1,617 | Sep 1, 2023 | $9,888,719 | $90,195 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 3,348 | Aug 6, 2023 | $502,471 | $81,191 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 879 | Sep 1, 2023 | $4,554,347 | $40,695 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 2,749 | Aug 6, 2023 | $232,468 | $37,679 |
| KAISER FOUNDATION HEALTH PLAN OF THE NORTHWEST | Health | 79 | Sep 1, 2023 | $342,432 | $3,086 |
| KAISER FOUNDATION HEALTH PLAN OF COLORADO | Health | 372 | Sep 1, 2023 | $1,774,989 | $1,961 |
| DELTA DENTAL OF CALIFORNIA | Dental | 739 | Sep 1, 2023 | $76,074 | $761 |
| CIGNA HEALTH AND LIFE INSURANCE COMPANY | Health, Dental | 177 | Sep 1, 2023 | $44,683 | $446 |
| METROPOLITAN LIFE INSURANCE COMPANY | Disability | 8,989 | Aug 6, 2023 | $2,419,833 | $0 |
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 14,641 | Aug 6, 2023 | $2,351,680 | $0 |
| METLIFE LEGAL PLANS | — | 0 | Sep 1, 2023 | $212,344 | $0 |
| ARMADACARE | Health | 12 | Aug 7, 2023 | $155,015 | $0 |
| NATIONWIDE LIFE INSURANCE COMPANY | — | 10,532 | Sep 1, 2023 | $4,461 | $0 |
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.
Renewal calendar
125 other employer plans in Illinois are September 1 renewals (policy year ends August).
Their policy years end in August, like this plan’s, so most renew September 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
Claude & ChatGPT
Look up records from Claude or ChatGPT
Add Form5500Lookup to Claude or ChatGPT and ask about any employer, broker or carrier in plain English. Lookups are free. Renewal lists, full books of business and exports are included with a subscription.
Building a list or a tool from these records? Match a list you already have from $29 per 1,000 records, or license the whole dataset as a weekly file for $499 a month. See both
More employer plans in Illinois — largest plans, brokers, carriers and renewal months.