Form 5500 · Employee benefit plan · PORT RICHEY, FL
PROGRESSIVE AIR SYSTEMS, INC.
The filing calls this plan PROGRESSIVE AIR SYSTEMS, INC. BENEFIT & WELFARE PLAN.
PROGRESSIVE AIR SYSTEMS, INC. of PORT RICHEY, FL is a small construction employer whose insured group plan is on public record in its Form 5500 filing. Its broker of record is BROWN AND BROWN OF FLORIDA, INC.. Coverage is written through HEALTH OPTIONS and 1 other carrier. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 59-3124591 · plan 501 · plan year 2024, filed Apr 16, 2025
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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.
The filing carries code 4S: this plan is filing again after previously being exempt.
Benefits declared on this filing
Also declared: death benefits.
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 and life; the largest, with HEALTH OPTIONS, covers 55 people.
Reported premium across the insured contracts is $370,910, with $22,718 in disclosed broker commissions — about 6.1% 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.
BROWN AND BROWN OF FLORIDA, INC. is the broker of record on all 2 contracts.
Two carriers split the book: HEALTH OPTIONS and THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health, Dental, Vision | 55 | Jan 1, 2025 | $362,833 | $21,770 |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Life | 111 | Jan 1, 2025 | $8,077 | $948 |
Premium and claims on this contract
HEALTH OPTIONS, contract 63923. For the contract year on this filing, the carrier reported $362,833 in premium earned and $306,811 in claims incurred. Dividing one by the other gives 85%.
- HEALTH OPTIONS, contract 63923 reported $56,021 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
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.
Reported to OSHA
Reported to OSHA for 2025: 111 employees, 20 recordable cases, 415 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Other plans filed by this employer
How this plan compares
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