Form 5500 · Employee benefit plan · FARMINGTON, NM
PROCESS EQUIPMENT & SERVICE CO., INC
The filing calls this plan PROCESS EQUIPMENT & SERVICE CO., INC HEALTH & WELFARE PLAN.
PROCESS EQUIPMENT & SERVICE CO., INC of FARMINGTON, NM insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is WOODS INSURANCE SERVICE, INC.. Coverage is written through PRINCIPAL LIFE INSURANCE COMPANY. The plan's most recent policy period ended in September.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 85-0237928 · plan 501 · plan year 2025, filed Dec 31, 2025
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
10 other employer plans in New Mexico have policy years ending in September. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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.
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.
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 1 insured contract covering health, dental, vision, life and disability; the largest, with PRINCIPAL LIFE INSURANCE COMPANY, covers 562 people.
Reported premium across the insured contracts is $374,066, with $25,522 in disclosed broker commissions — about 6.8% 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.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Health, Dental, Vision, Life, Disability | 562 | Oct 1, 2025 | $374,066 | $25,522 |
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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Renewal calendar
10 other employer plans in New Mexico are October 1 renewals (policy year ends September).
Their policy years end in September, like this plan’s, so most renew October 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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