Form 5500 · Employee benefit plan · CHARLOTTE, NC
MW COMPONENTS, INC.
The filing calls this plan MW COMPONENTS, INC WRAP BENEFIT PLAN.
MW COMPONENTS, INC. of CHARLOTTE, NC is a 2,796-participant manufacturing employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is BENEFIT COMMUNICATIONS INC. Coverage is written through UNUM LIFE INSURANCE COMPANY OF AMERICA and 8 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 43-1715958 · plan 502 · plan year 2023, filed Oct 10, 2024
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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
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
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
Health: the largest of the 4 insured health contracts, with AETNA HEALTH, INC., covers 75 of 2,796 participants (2.7%) on Schedule A.
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.
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 9 insured contracts covering health, dental, vision, life and disability; the largest, with UNUM LIFE INSURANCE COMPANY OF AMERICA, covers 1,355 people.
Reported premium across the insured contracts is $5,212,612, with $205,658 in disclosed broker commissions — about 3.9% 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.
BENEFIT COMMUNICATIONS INC is the broker of record on 2 of the 9 contracts; the rest name a different broker or none.
9 carriers appear on the filing, including UNUM LIFE INSURANCE COMPANY OF AMERICA, DELTA DENTAL OF NORTH CAROLINA, AETNA HEALTH, INC. and KAISER FOUNDATION HEALTH PLAN, INC.. UNUM LIFE INSURANCE COMPANY OF AMERICA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| UNUM INSURANCE COMPANY | — | 598 | Jan 1, 2024 | $301,813 | $80,874 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 1,355 | Jan 1, 2024 | $1,741,108 | $61,440 |
| AETNA HEALTH, INC. | Health | 75 | Jan 1, 2024 | $713,174 | $38,168 |
| HEALTH NEW ENGLAND, INC. | Health | 21 | Jan 1, 2024 | $284,940 | $10,649 |
| AETNA LIFE INSURANCE COMPANY | Health | 12 | Jan 1, 2024 | $195,747 | $10,374 |
| PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | Life | 121 | Jan 1, 2024 | $51,676 | $4,153 |
| DELTA DENTAL OF NORTH CAROLINA | Dental | 3,051 | Jan 1, 2024 | $1,141,648 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 84 | Jan 1, 2024 | $645,372 | $0 |
| EYEMED VISION CARE ON BEHALF OF FIDELITY SECURITY LIFE INSURANCE CO. | Vision | 2,951 | Jan 1, 2024 | $137,134 | $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.
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
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