Form 5500 · Employee benefit plan · GRAND RAPIDS, MI
CORNERSTONE UNIVERSITY
The filing calls this plan CORNERSTONE UNIVERSITY HEALTH AND WELFARE BENEFIT PLAN.
Public Form 5500 records show how CORNERSTONE UNIVERSITY of GRAND RAPIDS, MI, a education employer, structures its employee benefits. Its broker of record is KEVIN D. CUMINGS. Coverage is written through BLUE CARE NETWORK OF MICHIGAN and 3 other carriers. The plan's most recent policy period ended in September.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 38-1443369 · plan 509 · plan year 2025, filed Jan 30, 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
One contract on this filing does not say which benefits it covers, so a line above may be insured by it.
Also declared: 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 4 insured contracts covering health, vision, life and disability; the largest, with BLUE CARE NETWORK OF MICHIGAN, covers 395 people.
The filing declares health, vision, life, disability and dental. Dental 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 the contract here that does not say what it covers.
Reported premium across the insured contracts is $2,793,272, with $107,214 in disclosed broker commissions — about 3.8% of premium.
The most recent policy period ended in September, and the plan year ends September 30. Group contracts typically renew on that annual cycle.
KEVIN D. CUMINGS is the broker of record on 2 of the 4 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUE CARE NETWORK OF MICHIGAN | Health | 395 | Oct 1, 2025 | $2,566,095 | $86,714 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 233 | Oct 1, 2025 | $78,040 | $10,699 |
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Health, Vision | 482 | Oct 1, 2025 | $126,089 | $5,589 |
| UNUM INSURANCE COMPANY | — | 43 | Oct 1, 2025 | $23,048 | $4,212 |
Premium and claims on these contracts
BLUE CARE NETWORK OF MICHIGAN, contract 268840. For the contract year on this filing, the carrier reported $2,566,095 in premium earned and $3,131,856 in claims incurred. Dividing one by the other gives 122%.
BLUE CROSS BLUE SHIELD OF MICHIGAN, contract 268840. For the contract year on this filing, the carrier reported $126,089 in premium earned and $166,435 in claims incurred. Dividing one by the other gives 132%.
- BLUE CARE NETWORK OF MICHIGAN, contract 268840 reported $680,309 in retention.
- BLUE CROSS BLUE SHIELD OF MICHIGAN, contract 268840 reported $33,548 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.
Other plans filed by this employer
How this plan compares
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