Form 5500 · Employee benefit plan · DURHAM, NC
KBI BIOPHARMA INC
The filing calls this plan KBI BIOPHARMA INC EMPLOYEE BENEFITS PLAN.
KBI BIOPHARMA INC of DURHAM, NC insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is MARSH & MCLENNAN AGENCY LLC. Coverage is written through CIGNA HEALTH AND LIFE INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 80-0058312 · plan 501 · plan year 2024, filed Jul 29, 2025
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1,311 other employer plans in North Carolina 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
Also declared: prepaid legal, 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.
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 4 insured contracts covering health, dental, vision, life and disability; the largest, with CIGNA HEALTH AND LIFE INSURANCE COMPANY, covers 3,730 people.
Reported premium across the insured contracts is $8,408,823, with $516,181 in disclosed broker commissions — about 6.1% 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.
MARSH & MCLENNAN AGENCY LLC is the broker of record on 2 of the 4 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including CIGNA HEALTH AND LIFE INSURANCE COMPANY, RELIASTAR LIFE INSURANCE COMPANY, PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD and CIGNA HEALTHCARE OF CALIFORNIA. CIGNA HEALTH AND LIFE INSURANCE COMPANY writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COMPANY | Health, Dental, Vision | 3,730 | Jan 1, 2025 | $6,762,636 | $350,843 |
| RELIASTAR LIFE INSURANCE COMPANY | Health, Life, Disability | 1,436 | Jan 1, 2025 | $1,567,535 | $153,825 |
| PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD | — | 221 | Jan 1, 2025 | $50,327 | $9,046 |
| CIGNA HEALTHCARE OF CALIFORNIA | Health | 46 | Jan 1, 2025 | $28,325 | $2,467 |
Premium and claims on these contracts
CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract ALL 4 COMPANIES. For the contract year on this filing, the carrier reported $2,276,134 in premium earned and $5,933,371 in claims incurred. Dividing one by the other gives 261%.
CIGNA HEALTHCARE OF CALIFORNIA, contract ALL 4 COMPANIES. For the contract year on this filing, the carrier reported $28,325 in premium earned and $25,230 in claims incurred. Dividing one by the other gives 89%.
- CIGNA HEALTH AND LIFE INSURANCE COMPANY, contract ALL 4 COMPANIES reported $2,256,373 in retention.
- CIGNA HEALTHCARE OF CALIFORNIA, contract ALL 4 COMPANIES reported $23,368 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. We publish company names only.
Reported to OSHA
Reported to OSHA for 2025: 1,524 employees, 13 recordable cases, 163 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Other plans filed by this employer
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Renewal calendar
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