Form 5500 · Employee benefit plan · WEST DES MOINES, IA
BOARD OF TRUSTEES OF THE COOPERATIVE WELFARE BENEFITS FUND
The filing calls this plan THE COOPERATIVE WELFARE BENEFITS PLAN.
BOARD OF TRUSTEES OF THE COOPERATIVE WELFARE BENEFITS FUND of WEST DES MOINES, IA is a 5,467-participant finance and insurance employer — a large group whose insured benefits are disclosed on Schedule A of its Form 5500. Its broker of record is HOLMES MURPHY & ASSOCIATES, INC.. Coverage is written through SUN LIFE ASSURANCE COMPANY OF CANADA and 6 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 42-1294150 · plan 501 · plan year 2024, filed Oct 15, 2025
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810 other employer plans in Iowa 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
Self-funded as reported
The filing reports benefits paid from the plan's own money, and no medical insurance contract on Schedule A.
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.
The filing says this plan is subject to the Form M-1 requirement for multiple-employer welfare arrangements.
Benefits declared on this filing
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.
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 10 insured contracts covering health, dental, vision, life, disability and stop-loss; the largest, with SUN LIFE ASSURANCE COMPANY OF CANADA, covers 4,936 people.
The medical plan carries stop-loss coverage: the filing reports the plan paying its own health claims, with insured protection against large ones.
Reported premium across the insured contracts is $6,717,282, with $540,522 in disclosed broker commissions — about 8% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in May. The plan is on a split renewal cycle.
HOLMES MURPHY & ASSOCIATES, INC. is the broker of record on 3 of the 10 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| SUN LIFE ASSURANCE COMPANY OF CANADA | Stop-loss | 4,936 | Jan 1, 2025 | $3,328,667 | $304,541 |
| STANDARD INSURANCE COMPANY | Life | 4,340 | Jan 1, 2025 | $1,774,080 | $176,430 |
| STANDARD INSURANCE COMPANY | Disability | 3,980 | Jan 1, 2025 | $937,326 | $56,443 |
| STANDARD INSURANCE COMPANY | Life | 68 | Jan 1, 2025 | $26,255 | $2,284 |
| STANDARD INSURANCE COMPANY | Disability | 68 | Jan 1, 2025 | $20,097 | $824 |
| VISION SERVICE PLAN | Vision | 2,194 | Jan 1, 2025 | $538,158 | $0 |
| CONNECTIONS, INC. | — | 3,128 | Jan 1, 2025 | $88,499 | $0 |
| ACE AMERICAN INSURANCE COMPANY | — | 571 | Jun 1, 2024 | $4,200 | $0 |
| DELTA DENTAL OF IOWA | Dental | 4,412 | Jan 1, 2025 | — | $0 |
| WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | Health | 3,938 | Jan 1, 2025 | — | $0 |
Premium and claims on these contracts
STANDARD INSURANCE COMPANY, contract VARIOUS. For the contract year on this filing, the carrier reported $1,774,080 in premium earned and $0 in claims incurred. Dividing one by the other gives 0%.
STANDARD INSURANCE COMPANY, contract 648216/648219. For the contract year on this filing, the carrier reported $937,326 in premium earned and $0 in claims incurred. Dividing one by the other gives 0%.
VISION SERVICE PLAN, contract 12082122. For the contract year on this filing, the carrier reported $538,158 in premium earned and $0 in claims incurred. Dividing one by the other gives 0%.
- STANDARD INSURANCE COMPANY, contract VARIOUS reported $986,445 in retention.
- STANDARD INSURANCE COMPANY, contract 648216/648219 reported $388,076 in retention.
- VISION SERVICE PLAN, contract 12082122 reported $57,447 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. The service providers are named on Schedule C of this filing. We publish company names only.
Money the plan held and paid out
Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H
These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.
Other plans filed by this employer
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