Form 5500 · Employee benefit plan · NORWALK, CT
OPERATIONSINC, LLC
The filing calls this plan OPERATIONSINC, LLC HEALTH & WELFARE BENEFIT PLAN.
OPERATIONSINC, LLC of NORWALK, CT is a 125-participant professional services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is PROCYON BENEFITS, LLC. Coverage is written through ANTHEM HEALTH PLANS, INC. and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 06-1616383 · plan 501 · plan year 2023, filed Jul 30, 2024
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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: 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.
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 ANTHEM HEALTH PLANS, INC., covers 337 people.
Reported premium across the insured contracts is $1,366,994, with $69,080 in disclosed broker commissions — about 5.1% 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.
PROCYON BENEFITS, LLC is the broker of record on all 4 contracts.
4 carriers appear on the filing, including ANTHEM HEALTH PLANS, INC., ANTHEM LIFE INSURANCE COMPANY, SUN LIFE ASSURANCE COMPANY OF CANADA and METROPOLITAN LIFE INSURANCE COMPANY. ANTHEM HEALTH PLANS, INC. writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| ANTHEM HEALTH PLANS, INC. | Health, Dental, Vision | 337 | Jan 1, 2024 | $1,284,570 | $58,747 |
| ANTHEM LIFE INSURANCE COMPANY | Life, Disability | 126 | Jan 1, 2024 | $59,010 | $6,724 |
| SUN LIFE ASSURANCE COMPANY OF CANADA | Life | 43 | Jan 1, 2024 | $23,414 | $3,142 |
| METROPOLITAN LIFE INSURANCE COMPANY | Dental, Vision, Life, Disability | 0 | Jan 1, 2024 | — | $467 |
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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