Form 5500 · Employee benefit plan · CINCINNATI, OH
GENERAL TOOL COMPANY
The filing calls this plan GENERAL TOOL CO. INC. EMPLOYEE HEALTH BENEFIT PLAN.
Public Form 5500 records show how GENERAL TOOL COMPANY of CINCINNATI, OH, a manufacturing employer, structures its employee benefits. Its broker of record is MCGOHAN BRABENDER. Coverage is written through TOKIO MARINE and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 31-0996253 · plan 501 · plan year 2023, filed Apr 1, 2024
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How this plan is funded
Self-funded as reported
The filing reports a stop-loss contract and no medical premium, which is what a plan that pays its own claims reports.
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
One contract on this filing does not say which benefits it covers, so a line above may be insured by it.
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.
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 6 insured contracts covering dental, vision, life, disability and stop-loss; the largest, with TOKIO MARINE, covers 210 people.
The filing declares dental, vision, life, disability and health. Health 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.
The only insured piece of the health benefit is stop-loss coverage, and the filing reports the plan paying its own claims. The stop-loss contract reports $398,452 in premium and $0 in commission. The rest of the premium and commission above is on the plan's other insured lines, and none of it is medical premium.
Reported premium across the insured contracts is $667,411, with $20,492 in disclosed broker commissions — about 3.1% 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.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | 80 | Jan 1, 2024 | $47,428 | $7,114 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Disability | 249 | Jan 1, 2024 | $56,229 | $4,811 |
| DENTAL CARE PLUS | Dental | 397 | Jan 1, 2024 | $90,134 | $3,705 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Life | 249 | Jan 1, 2024 | $57,714 | $3,131 |
| EYEMED VISION CARE | Vision | 355 | Jan 1, 2024 | $17,454 | $1,731 |
| TOKIO MARINE | Stop-loss | 210 | Jan 1, 2024 | $398,452 | $0 |
Premium and claims on this contract
DENTAL CARE PLUS, contract 6489201. For the contract year on this filing, the carrier reported $90,134 in premium earned and $68,289 in claims incurred. Dividing one by the other gives 76%.
- DENTAL CARE PLUS, contract 6489201 reported $21,845 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. The service providers are named on Schedule C of this filing. We publish company names only.
How this plan compares
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