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Form 5500 · Employee benefit plan · WASHINGTON, DC

CLASS TECHNOLOGIES, INC

The filing calls this plan CLASS TECHNOLOGIES, INC WRAP PLAN.

Public Form 5500 records show how CLASS TECHNOLOGIES, INC of WASHINGTON, DC, a information and media employer, structures its employee benefits. Its broker of record is JAMES A SCOTT & SON INC. Coverage is written through CIGNA HEALTH AND LIFE INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in December.

Benefits broker of record
Policy year ends
Decemberas filed for plan year 2023

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 85-1559210 · plan 501 · plan year 2023, filed Jul 8, 2024

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380 other employer plans in District of Columbia 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.

All participants at the start of the year
264
Active at start of year
120
Active at end of year
88
Disclosed commissions
$14,227
Typical renewal
January 1

Benefits declared on this filing

Healthinsured — CIGNA HEALTH AND LIFE INSURANCE COMPANY111 of 264 participants (42%)
Dentalinsured — CIGNA HEALTH AND LIFE INSURANCE COMPANY111 of 264 participants (42%)
Visioninsured — EYEMED VISION CARE154 of 264 participants (58%)
Lifeinsured — HARTFORD LIFE AND ACCIDENT138 of 264 participants (52%)
Disabilityinsured — HARTFORD LIFE AND ACCIDENT138 of 264 participants (52%)

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 4 insured contracts covering health, dental, vision, life and disability; the largest, with CIGNA HEALTH AND LIFE INSURANCE COMPANY, covers 111 people.

Reported premium across the insured contracts is $1,979,288, with $14,227 in disclosed broker commissions — about 0.7% 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.

JAMES A SCOTT & SON INC is the broker of record on 2 of the 4 contracts; the rest name a different broker or none.

4 carriers appear on the filing, including CIGNA HEALTH AND LIFE INSURANCE COMPANY, HARTFORD LIFE AND ACCIDENT, EYEMED VISION CARE and PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD. CIGNA HEALTH AND LIFE INSURANCE COMPANY writes the largest contract by premium.

Schedule A insurance contracts

CarrierBenefitsCoveredRenewsPremiumCommission
HARTFORD LIFE AND ACCIDENTLife, Disability138Jan 1, 2024$87,842$12,531
EYEMED VISION CAREVision154Jan 1, 2024$10,346$1,234
PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD—10Jan 1, 2024$4,003$533
CIGNA HEALTH AND LIFE INSURANCE COMPANYHealth, Dental111Jan 1, 2024$1,877,097$-71

Premium and claims on this contract

CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract 00634409. For the contract year on this filing, the carrier reported $1,877,097 in premium earned and $987,814 in claims incurred. Dividing one by the other gives 53%.

  • CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract 00634409 reported $36,103 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.

See the filing at the Department of Labor

Administrator and service providers

Plan administrator on the filing
CLASS TECHNOLOGIES, INC
EIN 85-1559210
CIGNA HEALTH AND LIFE INSURANCE COM
Claims processing · EIN 59-1031071
$44,389
paid directly by the plan
FLORES AND ASSOCIATES
Contract administrator · Claims processing · EIN 56-1542307
$5,693
paid directly by the plan

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.

Other plans filed by this employer

How this plan compares

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Renewal calendar

380 other employer plans in District of Columbia are January 1 renewals (policy year ends December).

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