Form 5500 · Employee benefit plan · ALBUQUERQUE, NM
GARCIA AUTOMOTIVE GROUP
The filing calls this plan WELFARE BENEFIT PLAN.
GARCIA AUTOMOTIVE GROUP of ALBUQUERQUE, NM files a Form 5500 with the U.S. Department of Labor disclosing its employee benefit plan. Its broker of record is AMERICAN FIDELITY ASSURANCE COMPANY. Coverage is written through AMERICAN FIDELITY ASSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 85-0199988 · plan 501 · plan year 2025, filed Jun 3, 2026
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How this plan is funded
Funding not settled by the filing
The filing does not report enough to settle how this plan pays for benefits.
The filing says this plan is subject to the Form M-1 requirement for multiple-employer welfare arrangements.
Benefits declared on this filing
Also declared: death benefits.
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 dental, vision, life and disability; the largest, with AMERICAN FIDELITY ASSURANCE COMPANY, covers 77 people.
The filing declares dental, vision, life and health. Health appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
Reported premium across the insured contracts is $228,841, with $15,161 in disclosed broker commissions — about 6.6% of premium.
The most recent policy period ended in August, and the plan year ends August 31. Group contracts typically renew on that annual cycle.
AMERICAN FIDELITY ASSURANCE COMPANY is the broker of record on 1 of the 4 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| AMERICAN FIDELITY ASSURANCE COMPANY | Disability | 77 | Sep 1, 2025 | $155,204 | $8,981 |
| DELTA DENTAL OF NEW MEXICO | Dental | 155 | Sep 1, 2025 | $54,182 | $4,398 |
| VISION SERVICE PLAN | Vision | 76 | Oct 1, 2024 | $11,368 | $973 |
| HARTFORD LIFE AND ACCIDENT | Life | 189 | Sep 1, 2025 | $8,087 | $809 |
Premium and claims on this contract
DELTA DENTAL OF NEW MEXICO, contract 0011293. For the contract year on this filing, the carrier reported $54,026 in premium earned and $32,792 in claims incurred. Dividing one by the other gives 61%.
- DELTA DENTAL OF NEW MEXICO, contract 0011293 reported $13,405 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
How this plan compares
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