Form 5500 · Employee benefit plan · ATLANTIC BEACH, FL
NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC
The filing calls this plan NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC DBA FLEET LANDING EMPLOYEE BENEFITS PLAN.
NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC of ATLANTIC BEACH, FL is a 212-participant health care and social assistance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is BROWN AND BROWN OF FLORIDA, INC.. Coverage is written through HEALTH OPTIONS and 3 other carriers. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 59-2708341 · plan 501 · plan year 2024, filed Jan 24, 2025
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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
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 4 insured contracts covering health, dental, vision, life and disability; the largest, with HEALTH OPTIONS, covers 220 people.
Reported premium across the insured contracts is $2,495,186, with $140,018 in disclosed broker commissions — about 5.6% 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.
BROWN AND BROWN OF FLORIDA, INC. is the broker of record on 3 of the 4 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including HEALTH OPTIONS, STANDARD INSURANCE COMPANY, METROPOLITAN LIFE INSURANCE COMPANY and HEALTHIEST YOU. HEALTH OPTIONS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health | 220 | Sep 1, 2024 | $2,266,519 | $113,326 |
| STANDARD INSURANCE COMPANY | Health, Life, Disability | 335 | Sep 1, 2024 | $140,371 | $16,621 |
| METROPOLITAN LIFE INSURANCE COMPANY | Dental, Vision | 266 | Sep 1, 2024 | $77,035 | $7,256 |
| HEALTHIEST YOU | — | 45 | Sep 1, 2024 | $11,261 | $2,815 |
Premium and claims on these contracts
HEALTH OPTIONS, contract 16263. For the contract year on this filing, the carrier reported $2,266,519 in premium earned and $1,842,453 in claims incurred. Dividing one by the other gives 81%.
STANDARD INSURANCE COMPANY, contract 760478. For the contract year on this filing, the carrier reported $140,371 in premium earned and $95,019 in claims incurred. Dividing one by the other gives 68%.
- HEALTH OPTIONS, contract 16263 reported $424,066 in retention.
- STANDARD INSURANCE COMPANY, contract 760478 reported $76,493 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
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