Form 5500 · Employee benefit plan · ORLANDO, FL
LELAND MANAGEMENT, INC.
The filing calls this plan LELAND MANAGEMENT INC. WELFARE BENEFIT PLAN.
LELAND MANAGEMENT, INC. of ORLANDO, FL spreads its employee benefits across 5 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is DAILYFEATS INC.. Coverage is written through HEALTH OPTIONS and 4 other carriers. The plan's most recent policy period ended in November.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 59-3498435 · plan 501 · plan year 2023, filed May 13, 2024
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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 5 insured contracts covering health, dental, vision, life and disability; the largest, with HEALTH OPTIONS, covers 212 people.
Reported premium across the insured contracts is $2,600,161, with $158,103 in disclosed broker commissions — about 6.1% of premium.
The most recent policy period ended in November, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
DAILYFEATS INC. is the broker of record on 1 of the 5 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including HEALTH OPTIONS, THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA, BLUE CROSS BLUE SHIELD OF FLORIDA and USABLE LIFE. HEALTH OPTIONS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health, Annuity / GIC | 212 | Dec 1, 2023 | $2,053,814 | $102,643 |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Health, Dental, Vision, Disability, Annuity / GIC | 333 | Dec 1, 2023 | $348,326 | $38,413 |
| BLUE CROSS BLUE SHIELD OF FLORIDA | Health, Annuity / GIC | 11 | Dec 1, 2023 | $165,578 | $8,308 |
| COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | Life, Disability, Annuity / GIC | 16 | Dec 1, 2023 | $9,990 | $6,061 |
| USABLE LIFE | Life, Disability, Annuity / GIC | 384 | Dec 1, 2023 | $22,453 | $2,678 |
Premium and claims on this contract
HEALTH OPTIONS, contract 33054. For the contract year on this filing, the carrier reported $2,053,814 in premium earned and $1,687,002 in claims incurred. Dividing one by the other gives 82%.
- HEALTH OPTIONS, contract 33054 reported $366,811 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.
Other plans filed by this employer
How this plan compares
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