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Form 5500 · Employee benefit plan · SIOUX FALLS, SD

OPHTHALMOLOGY LTD

The filing calls this plan OPHTHALMOLOGY, LTD LONG-TERM DISABILITY PLAN.

Public Form 5500 records show how OPHTHALMOLOGY LTD of SIOUX FALLS, SD, a health care and social assistance employer, structures its employee benefits. Its broker of record is PREMIER BENEFIT ADVISORS INC. Coverage is written through THE LINCOLN NATIONAL LIFE INSURANCE COMPANY. The plan's most recent policy period ended in December.

Benefits broker of record
Policy year ends
Decemberas filed for plan year 2023

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 46-0311856 · plan 502 · plan year 2023, filed Jun 17, 2024

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How this plan is funded

Funding not settled by the filing

The filing does not report enough to settle how this plan pays for benefits.

All participants at the start of the year
107
Active at start of year
107
Active at end of year
0
Disclosed commissions
$8,339
Typical renewal
January 1

Benefits declared on this filing

Healthdeclared under plan 501
Dentaldeclared under plan 501
Visiondeclared under plan 501
Lifedeclared under plan 501
Disabilityinsured — THE LINCOLN NATIONAL LIFE INSURANCE COMPANY107 of 107 participants (100%)

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

The filing discloses a single insured line, disability, through THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, covering 107 people.

Reported premium across the insured contracts is $55,595, with $8,339 in disclosed broker commissions — about 15% 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.

Schedule A insurance contracts

CarrierBenefitsCoveredRenewsPremiumCommission
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYDisability107Jan 1, 2024$55,595$8,339

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.

See the filing at the Department of Labor

Other plans filed by this employer

How this plan compares

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