Form 5500 · Employee benefit plan · SAN JUAN
LUMA ENERGY LLC
The filing calls this plan LUMA ENERGY LLC LIFF ADD 2023.
LUMA ENERGY LLC of SAN JUAN, PR is a 3,486-participant utilities employer — a large group whose insured benefits are disclosed on Schedule A of its Form 5500. Its broker of record is MARSH SALDANA. Coverage is written through NEW YORK LIFE GROUP BENEFIT SOLUTIONS. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 66-0940275 · plan 504 · plan year 2024, filed Mar 25, 2025
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28 other employer plans in the U.S. have policy years ending in August. 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: 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.
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
All 2 insured contracts are life coverage with NEW YORK LIFE GROUP BENEFIT SOLUTIONS.
Reported premium across the insured contracts is $1,137,004, with $141,662 in disclosed broker commissions — about 12% of premium.
The most recent policy period ended in August, and the plan year ends August 31. Group contracts typically renew on that annual cycle.
MARSH SALDANA is the broker of record on all 2 contracts.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| NEW YORK LIFE GROUP BENEFIT SOLUTIONS | Life | 3,988 | Sep 1, 4202 | $968,472 | $120,653 |
| NEW YORK LIFE GROUP BENEFIT SOLUTIONS | — | 3,988 | Sep 1, 2024 | $168,532 | $21,009 |
Premium and claims on these contracts
NEW YORK LIFE GROUP BENEFIT SOLUTIONS, contract FLX0969579. For the contract year on this filing, the carrier reported $968,472 in premium earned and $45,885 in claims incurred. Dividing one by the other gives 5%.
NEW YORK LIFE GROUP BENEFIT SOLUTIONS, contract OK0971013. For the contract year on this filing, the carrier reported $168,532 in premium earned and $0 in claims incurred. Dividing one by the other gives 0%.
- NEW YORK LIFE GROUP BENEFIT SOLUTIONS, contract FLX0969579 reported $129,722 in retention.
- NEW YORK LIFE GROUP BENEFIT SOLUTIONS, contract OK0971013 reported $22,586 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
28 other employer plans in the U.S. are September 1 renewals (policy year ends August).
Their policy years end in August, like this plan’s, so most renew September 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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