Form 5500 · Employee benefit plan · SIOUX FALLS, SD
COSTELLO PROPERTY MANAGEMENT, LLC
The filing calls this plan COSTELLO PROPERTY MANAGEMENT WELFARE BENEFITS PLAN.
Public Form 5500 records show how COSTELLO PROPERTY MANAGEMENT, LLC of SIOUX FALLS, SD, a real estate employer, structures its employee benefits. Its broker of record is NORTH RISK PARTNERS LLC. Coverage is written through WELLMARK BCBS OF SOUTH DAKOTA and 2 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 46-0423779 · plan 501 · plan year 2024, filed May 20, 2025
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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.
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 3 insured contracts covering health and life; the largest, with WELLMARK BCBS OF SOUTH DAKOTA, covers 62 people.
Reported premium across the insured contracts is $713,541, with $2,567 in disclosed broker commissions — about 0.4% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in November. The plan is on a split renewal cycle.
NORTH RISK PARTNERS LLC is the broker of record on 1 of the 3 contracts; the rest name a different broker or none.
3 carriers appear on the filing, including WELLMARK BCBS OF SOUTH DAKOTA, PRINCIPAL LIFE INSURANCE COMPANY and METROPOLITAN LIFE INSURANCE COMPANY. WELLMARK BCBS OF SOUTH DAKOTA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 155 | Dec 1, 2024 | $7,471 | $1,494 |
| PRINCIPAL LIFE INSURANCE COMPANY | Life | 148 | Dec 1, 2024 | $12,406 | $1,073 |
| WELLMARK BCBS OF SOUTH DAKOTA | Health | 62 | Jan 1, 2025 | $693,664 | $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
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