Form 5500 · Employee benefit plan · MINNEAPOLIS, MN
NORTH CENTRAL UNIVERSITY
The filing calls this plan NORTH CENTRAL UNIVERSITY FLEXIBLE BENEFIT PLAN.
NORTH CENTRAL UNIVERSITY of MINNEAPOLIS, MN is a 123-participant education employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is HAYS COMPANIES, INC.. Coverage is written through HEALTHPARTNERS INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in September.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-0706151 · plan 503 · plan year 2024, filed Apr 21, 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 6 insured contracts covering health, dental, life and disability; the largest, with HEALTHPARTNERS INSURANCE COMPANY, covers 123 people.
Reported premium across the insured contracts is $1,299,636, with $36,152 in disclosed broker commissions — about 2.8% 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.
HAYS COMPANIES, INC. is the broker of record on 4 of the 6 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including HEALTHPARTNERS INSURANCE COMPANY, HEALTHPARTNERS, INC., LIFE INSURANCE COMPANY OF NORTH AMERICA and UNUM LIFE INSURANCE COMPANY OF AMERICA. HEALTHPARTNERS INSURANCE COMPANY writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTHPARTNERS INSURANCE COMPANY | Health | 123 | Oct 1, 2024 | $1,214,855 | $25,000 |
| HEALTHPARTNERS, INC. | Dental | 95 | Oct 1, 2024 | $46,974 | $3,810 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Life | 99 | Oct 1, 2024 | $15,997 | $3,376 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Disability | 99 | Oct 1, 2024 | $12,143 | $2,541 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Health | 26 | Oct 1, 2024 | $7,364 | $941 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 99 | Oct 1, 2024 | $2,303 | $484 |
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.
How this plan compares
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