Form 5500 · Employee benefit plan · ELMWOOD PARK, NJ
PHILLIPS PRECISION INC
The filing calls this plan PHILLIPS PRECISION INC FLEXIBLE BENEFITS PLAN.
PHILLIPS PRECISION INC of ELMWOOD PARK, NJ is a 124-participant manufacturing employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is CENTERSTONE INC DBA BENEFIT MA(2). Coverage is written through HORIZON HEALTHCARE SERVICES, INC. and 1 other carrier. The plan's most recent policy period ended in March.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 22-2071997 · plan 501 · plan year 2025, filed Jan 12, 2026
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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
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 3 insured contracts covering health, dental, vision and life; the largest, with HORIZON HEALTHCARE SERVICES, INC., covers 118 people.
The filing declares health, dental, vision, life and disability. Disability appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
Reported premium across the insured contracts is $1,810,257, with $65,144 in disclosed broker commissions — about 3.6% of premium.
The most recent policy period ended in March, and the plan year ends March 31. Group contracts typically renew on that annual cycle.
CENTERSTONE INC DBA BENEFIT MA(2) is the broker of record on 1 of the 3 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES, INC. | Health | 118 | Apr 1, 2025 | $1,633,339 | $49,164 |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Dental, Vision, Life | 217 | Apr 1, 2025 | $145,968 | $15,051 |
| HORIZON HEALTHCARE SERVICES, INC. | Health | 5 | Apr 1, 2025 | $30,950 | $929 |
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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