Form 5500 · Employee benefit plan · ALBUQUERQUE, NM
FIRST FINANCIAL CREDIT UNION
The filing calls this plan FIRST FINANCIAL CREDIT UNION WELFARE BENEFIT PLAN.
FIRST FINANCIAL CREDIT UNION of ALBUQUERQUE, NM is a 249-participant finance and insurance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is HUB INTERNATIONAL INS SVCS INC. Coverage is written through BLUECROSS BLUESHIELD OF NEW MEXICO and 4 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 85-0102571 · plan 505 · plan year 2025, filed Jul 2, 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
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 7 insured contracts covering health, dental, vision, life and disability; the largest, with BLUECROSS BLUESHIELD OF NEW MEXICO, covers 323 people.
Reported premium across the insured contracts is $2,127,797, with $156,727 in disclosed broker commissions — about 7.4% 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.
HUB INTERNATIONAL INS SVCS INC is the broker of record on 6 of the 7 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including BLUECROSS BLUESHIELD OF NEW MEXICO, UNUM LIFE INSURANCE COMPANY OF AMERICA, DELTA DENTAL OF NEW MEXICO and VISION SERVICE PLAN. BLUECROSS BLUESHIELD OF NEW MEXICO writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF NEW MEXICO | Health | 323 | Jan 1, 2026 | $1,794,243 | $126,511 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 256 | Jan 1, 2026 | $127,196 | $8,053 |
| DELTA DENTAL OF NEW MEXICO | Dental | 323 | Jan 1, 2026 | $109,666 | $6,792 |
| UNUM INSURANCE COMPANY | — | 56 | Jan 1, 2026 | $20,165 | $5,521 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life | 126 | Jan 1, 2026 | $36,269 | $4,999 |
| UNUM INSURANCE COMPANY | — | 54 | Jan 1, 2026 | $12,825 | $3,523 |
| VISION SERVICE PLAN | Vision | 176 | Jan 1, 2026 | $27,433 | $1,328 |
Premium and claims on these contracts
BLUECROSS BLUESHIELD OF NEW MEXICO, contract 234973. For the contract year on this filing, the carrier reported $1,794,243 in premium earned and $1,688,954 in claims incurred. Dividing one by the other gives 94%.
DELTA DENTAL OF NEW MEXICO, contract 0012729. For the contract year on this filing, the carrier reported $109,576 in premium earned and $87,405 in claims incurred. Dividing one by the other gives 80%.
- BLUECROSS BLUESHIELD OF NEW MEXICO, contract 234973 reported $105,289 in retention.
- DELTA DENTAL OF NEW MEXICO, contract 0012729 reported $23,723 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. We publish company names only.
Other plans filed by this employer
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