Form 5500 · Employee benefit plan · SAVANNAH, GA
HANCOCK ASKEW & CO LLC
HANCOCK ASKEW & CO LLC of SAVANNAH, GA is a 243-participant professional services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is RCR FINANCIAL SERVICES INC.. Coverage is written through UNUM LIFE INSURANCE COMPANY OF AMERICA and 2 other carriers. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 58-0662558 · plan 501 · plan year 2023, filed Aug 15, 2024
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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.
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.
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 3 insured contracts covering health, dental, vision, life and disability; the largest, with UNUM LIFE INSURANCE COMPANY OF AMERICA, covers 250 people.
Reported premium across the insured contracts is $386,157, with $49,412 in disclosed broker commissions — about 13% of premium.
The health contract's policy period ended in August, while at least one ancillary line's policy period ended in December. The plan is on a split renewal cycle.
RCR FINANCIAL SERVICES INC. is the broker of record on 1 of the 3 contracts; the rest name a different broker or none.
3 carriers appear on the filing, including UNUM LIFE INSURANCE COMPANY OF AMERICA, UNITEDHEALTHCARE INSURANCE COMPANY and COLONIAL LIFE & ACCIDENT INSURANCE COMPANY. UNUM LIFE INSURANCE COMPANY OF AMERICA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 250 | Sep 1, 2023 | $239,486 | $32,697 |
| UNITEDHEALTHCARE INSURANCE COMPANY | Health, Dental, Vision | 321 | Sep 1, 2023 | $129,018 | $14,293 |
| COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | Disability | 25 | Jan 1, 2024 | $17,653 | $2,422 |
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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