Form 5500 · Employee benefit plan · RIVERWOODS, IL
DISCOVER FINANCIAL SERVICES
DISCOVER FINANCIAL SERVICES of RIVERWOODS, IL insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is MERCER HEALTH & BENEFITS LLC. Coverage is written through SELECTHEALTH and 7 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 36-2517428 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 17 insured contracts covering health, dental, vision, life and disability; the largest, with SELECTHEALTH, covers 2,755 people.
Reported premium across the insured contracts is $50,082,288, with $245,776 in disclosed broker commissions — about 0.5% of premium.
The health contract's policy period ended in December, while at least one ancillary line renews in May — the plan is on a split renewal cycle.
MERCER HEALTH & BENEFITS LLC is the broker of record on 2 of the 17 contracts; the rest name a different broker or none.
8 carriers appear on the filing — SELECTHEALTH, METROPOLITAN LIFE INSURANCE COMPANY, HARTFORD LIFE AND ACCIDENT and VISION SERVICE PLAN among them — with SELECTHEALTH writing the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 4,947 | May | $544,318 | $108,864 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 11,092 | December | $891,995 | $40,755 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 19,797 | May | $190,963 | $38,193 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 6,738 | December | $676,737 | $33,712 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 12,577 | December | $386,535 | $19,388 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 27 | December | $7,895 | $4,864 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 19,327 | May | — | $0 |
| UNITED BEHAVIORAL HEALTH DBA OPTUM | — | 20,401 | December | $583,685 | $0 |
| HARTFORD LIFE AND ACCIDENT | Life | 20,350 | December | $2,100,090 | $0 |
| HARTFORD LIFE AND ACCIDENT | Life | 16,326 | December | $4,448,486 | $0 |
| VISION SERVICE PLAN | Vision | 13,923 | December | $3,458,172 | $0 |
| HARTFORD LIFE AND ACCIDENT | Disability | 11,172 | December | $3,021,243 | $0 |
| METLIFE LEGAL PLANS | — | 3,498 | December | $657,344 | $0 |
| SELECTHEALTH | Health | 2,755 | December | $18,629,453 | $0 |
| METROPOLITAN LIFE INSURANCE COMPANY | — | 5 | December | $11,065 | $0 |
| METROPOLITAN LIFE INSURANCE COMPANY | Dental | 34,005 | December | $14,416,513 | $0 |
| HAWAII MEDICAL SERVICE ASSOCIATION | Health | 7 | December | $57,794 | $0 |
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