Form 5500 · Employee benefit plan · CORALVILLE, IA
HILLS BANK & TRUST COMPANY
The filing calls this plan HILLS BANK AND TRUST COMPANY WELFARE BENEFIT PLAN.
Public Form 5500 records show how HILLS BANK & TRUST COMPANY of CORALVILLE, IA, a finance and insurance employer, structures its employee benefits. Its broker of record is TRUENORTH COMPANIES, L.C.. Coverage is written through WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 42-0310580 · plan 505 · plan year 2025, filed Jul 28, 2026
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810 other employer plans in Iowa have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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
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 6 insured contracts covering health, dental, vision, life and disability; the largest, with WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, covers 351 people.
Reported premium across the insured contracts is $4,265,713, with $43,897 in disclosed broker commissions — about 1% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in March. The plan is on a split renewal cycle.
TRUENORTH COMPANIES, L.C. is the broker of record on all 6 contracts.
4 carriers appear on the filing, including WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, UNITED OF OMAHA LIFE INSURANCE COMPANY, VISION SERVICE PLAN and DELTA DENTAL OF IOWA. WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| UNITED OF OMAHA LIFE INSURANCE COMPANY | Life | 214 | Mar 2, 2025 | $101,176 | $15,176 |
| UNITED OF OMAHA LIFE INSURANCE COMPANY | Life | 454 | Mar 2, 2025 | $87,872 | $13,181 |
| UNITED OF OMAHA LIFE INSURANCE COMPANY | Disability | 453 | Mar 2, 2025 | $83,230 | $12,485 |
| DELTA DENTAL OF IOWA | Dental | 365 | Jan 1, 2026 | — | $3,055 |
| WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | Health | 351 | Jan 1, 2026 | $3,901,172 | $0 |
| VISION SERVICE PLAN | Vision | 316 | Jan 1, 2026 | $92,263 | $0 |
Premium and claims on this contract
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, contract CO8. For the contract year on this filing, the carrier reported $3,901,172 in premium earned and $2,763,903 in claims incurred. Dividing one by the other gives 71%.
- WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, contract CO8 reported $1,137,269 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.
Other plans filed by this employer
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