Form 5500 · Employee benefit plan · ALBANY, NY
GORMAN BROS., INC.
The filing calls this plan GORMAN BROS., INC. WELFARE BENEFIT PLAN.
GORMAN BROS., INC. of ALBANY, NY is a 270-participant construction employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is NFP CORPORATE SERVICES (NY) LLC. Coverage is written through CAPITAL DISTRICT PHYSICIAN'S HEALTH PLAN INC. and 1 other carrier. The plan's most recent policy period ended in February.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 14-0704840 · plan 502 · plan year 2024, filed Sep 18, 2024
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130 other employer plans in New York have policy years ending in February. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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.
Benefits declared on this filing
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 2 insured contracts covering health, dental and vision; the largest, with CAPITAL DISTRICT PHYSICIAN'S HEALTH PLAN INC., covers 263 people.
Reported premium across the insured contracts is $299,938, with $12,394 in disclosed broker commissions — about 4.1% of premium.
The most recent policy period ended in February, and the plan year ends February 29. Group contracts typically renew on that annual cycle.
NFP CORPORATE SERVICES (NY) LLC is the broker of record on 1 of the 2 contracts; the rest name a different broker or none.
Two carriers split the book: CAPITAL DISTRICT PHYSICIAN'S HEALTH PLAN INC. and EMPIRE HEALTHCHOICE ASSURANCE, INC..
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| CAPITAL DISTRICT PHYSICIAN'S HEALTH PLAN INC. | Health | 263 | Feb 3, 2024 | $289,815 | $11,990 |
| EMPIRE HEALTHCHOICE ASSURANCE, INC. | Dental, Vision | 226 | Feb 3, 2024 | $10,123 | $404 |
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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Renewal calendar
130 other employer plans in New York are March 1 renewals (policy year ends February).
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