Form 5500 · Employee benefit plan · JOHNSTON, IA
IOWA BANKERS BENEFIT PLAN BOARD OF TRUSTEES
The filing calls this plan IOWA BANKERS BENEFIT PLAN.
IOWA BANKERS BENEFIT PLAN BOARD OF TRUSTEES of JOHNSTON, IA files a Form 5500 with the U.S. Department of Labor disclosing its employee benefit plan. Its broker of record is S & K ASSOCIATES LLC. Coverage is written through STANDARD INSURANCE COMPANY. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 42-1122086 · plan 501 · plan year 2025, filed Aug 17, 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
Self-funded as reported
The filing reports benefits paid from the plan's own money, and no medical insurance contract on Schedule A.
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.
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.
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 life and disability; the largest, with STANDARD INSURANCE COMPANY, covers 7,253 people.
The filing declares life, disability, health and dental. Health and dental appear 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 $6,439,245, with $326,321 in disclosed broker commissions — about 5.1% 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.
S & K ASSOCIATES LLC is the broker of record on all 3 contracts.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| STANDARD INSURANCE COMPANY | Disability | 6,667 | Jan 1, 2026 | $1,573,016 | $180,897 |
| STANDARD INSURANCE COMPANY | Life | 7,253 | Jan 1, 2026 | $3,086,631 | $92,036 |
| STANDARD INSURANCE COMPANY | Disability | 5,065 | Jan 1, 2026 | $1,779,598 | $53,388 |
Premium and claims on these contracts
STANDARD INSURANCE COMPANY, contract 609781. For the contract year on this filing, the carrier reported $1,569,282 in premium earned and $846,676 in claims incurred. Dividing one by the other gives 54%.
STANDARD INSURANCE COMPANY, contract 609781. For the contract year on this filing, the carrier reported $3,065,014 in premium earned and $1,065,027 in claims incurred. Dividing one by the other gives 35%.
STANDARD INSURANCE COMPANY, contract 609781. For the contract year on this filing, the carrier reported $1,775,169 in premium earned and $1,158,872 in claims incurred. Dividing one by the other gives 65%.
- STANDARD INSURANCE COMPANY, contract 609781 reported $722,607 in retention.
- STANDARD INSURANCE COMPANY, contract 609781 reported $1,999,990 in retention.
- STANDARD INSURANCE COMPANY, contract 609781 reported $616,297 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.
Money the plan held and paid out
Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H
These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.
How this plan compares
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Renewal calendar
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