Form 5500 · Employee benefit plan · PHILADELPHIA, PA
MARGOLIS EDELSTEIN
The filing calls this plan MARGOLIS EDELSTEIN EMPLOYEE BENEFIT PLAN.
MARGOLIS EDELSTEIN of PHILADELPHIA, PA is a 147-participant professional services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is ALPHA BENEFITS GROUP INC. Coverage is written through GERBER LIFE INSURANCE COMPANY and 2 other carriers. The plan's most recent policy period ended in January.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 23-2049922 · plan 501 · plan year 2024, filed Nov 15, 2024
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How this plan is funded
Self-funded as reported
The filing reports a stop-loss contract and no medical premium, which is what a plan that pays its own claims reports.
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.
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.
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 health, dental, disability and stop-loss; the largest, with GERBER LIFE INSURANCE COMPANY, covers 285 people.
The filing declares health, dental, disability and life. Life appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
The medical plan carries stop-loss coverage: the filing reports the plan paying its own health claims, with insured protection against large ones.
Reported premium across the insured contracts is $623,094, with $9,283 in disclosed broker commissions — about 1.5% of premium.
The health contract's policy period ended in January, while at least one ancillary line's policy period ended in December. The plan is on a split renewal cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Dental | 127 | Jan 1, 2024 | $82,379 | $5,767 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Disability | 168 | Jul 1, 2023 | $261,545 | $3,516 |
| GERBER LIFE INSURANCE COMPANY | Health, Stop-loss | 285 | Feb 1, 2024 | $279,170 | $0 |
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.
Other plans filed by this employer
How this plan compares
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