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Form 5500 · Employee benefit plan · FORT WORTH, TX

PELOTON LAND SOLUTIONS, INC.

The filing calls this plan PELOTON LAND SOLUTIONS, INC. WRAP PLAN.

PELOTON LAND SOLUTIONS, INC. of FORT WORTH, TX is a 175-participant professional services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is HIGGINBOTHAM INS AGENCY INC.. Coverage is written through HEALTH CARE SERVICE CORPORATION and 1 other carrier. 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 27-1645426 · plan 502 · plan year 2023, filed Jul 15, 2024

Get an email when this employer files a new Form 5500, and again about four months before its plan renews.

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.

All participants at the start of the year
175
Active at start of year
173
Active at end of year
153
Disclosed commissions
$110,139
Typical renewal
January 1

Benefits declared on this filing

Healthinsured — HEALTH CARE SERVICE CORPORATION329 of 175 participants
Dentalinsured — HEALTH CARE SERVICE CORPORATION329 of 175 participants
Visioninsured — DEARBORN LIFE INSURANCE COMPANY156 of 175 participants (89%)
Lifeinsured — DEARBORN LIFE INSURANCE COMPANY156 of 175 participants (89%)
Disabilityinsured — DEARBORN LIFE INSURANCE COMPANY156 of 175 participants (89%)

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.

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 2 insured contracts covering health, dental, vision, life and disability; the largest, with HEALTH CARE SERVICE CORPORATION, covers 329 people.

Reported premium across the insured contracts is $1,891,763, with $110,139 in disclosed broker commissions — about 5.8% 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.

HIGGINBOTHAM INS AGENCY INC. is the broker of record on all 2 contracts.

Two carriers split the book: HEALTH CARE SERVICE CORPORATION and DEARBORN LIFE INSURANCE COMPANY.

Schedule A insurance contracts

CarrierBenefitsCoveredRenewsPremiumCommission
HEALTH CARE SERVICE CORPORATIONHealth, Dental329Jan 1, 2024$1,740,617$92,906
DEARBORN LIFE INSURANCE COMPANYVision, Life, Disability156Jan 1, 2024$151,146$17,233

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

Administrator and service providers

Plan administrator on the filing
PELOTON LAND SOLUTIONS, INC.
EIN 27-1645426

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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