Form 5500 · Employee benefit plan · CHANHASSEN, MN
LIFE TIME, INC.
The filing calls this plan LIFE TIME LIFE AND DISABILITY PLAN.
LIFE TIME, INC. of CHANHASSEN, MN is a 8,482-participant arts, entertainment and recreation employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is CBIZ BENEFITS & INSURANCE SERVICES. Coverage is written through STANDARD INSURANCE COMPANY. The plan's most recent policy period ended in September.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-1689746 · plan 505 · plan year 2025, filed Apr 23, 2026
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41 other employer plans in Minnesota have policy years ending in September. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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: 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, life and disability; the largest, with STANDARD INSURANCE COMPANY, covers 9,343 people.
Reported premium across the insured contracts is $2,874,796, with $95,176 in disclosed broker commissions — about 3.3% of premium.
The most recent policy period ended in September, and the plan year ends September 30. Group contracts typically renew on that annual cycle.
CBIZ BENEFITS & INSURANCE SERVICES is the broker of record on 2 of the 4 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| STANDARD INSURANCE COMPANY | Health | 6,363 | Oct 1, 2025 | $797,927 | $80,176 |
| STANDARD INSURANCE COMPANY | Disability | 2,074 | Oct 1, 2025 | $617,975 | $15,000 |
| STANDARD INSURANCE COMPANY | Life | 9,343 | Oct 1, 2025 | $1,042,786 | $0 |
| STANDARD INSURANCE COMPANY | Disability | 0 | Oct 1, 2025 | $416,108 | $0 |
Premium and claims on these contracts
STANDARD INSURANCE COMPANY, contract 649292. For the contract year on this filing, the carrier reported $617,975 in premium earned and $804,825 in claims incurred. Dividing one by the other gives 130%.
STANDARD INSURANCE COMPANY, contract 649292. For the contract year on this filing, the carrier reported $1,042,786 in premium earned and $941,359 in claims incurred. Dividing one by the other gives 90%.
STANDARD INSURANCE COMPANY, contract 649292. For the contract year on this filing, the carrier reported $1,994 in premium earned and $-39,606 in claims incurred. Dividing one by the other gives -1986%.
- STANDARD INSURANCE COMPANY, contract 649292 reported $194,900 in retention.
- STANDARD INSURANCE COMPANY, contract 649292 reported $189,115 in retention.
- STANDARD INSURANCE COMPANY, contract 649292 reported $41,600 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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Renewal calendar
41 other employer plans in Minnesota are October 1 renewals (policy year ends September).
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