Form 5500 · Employee benefit plan · SUMTERVILLE, FL
PROJECT HEALTH, INC.
The filing calls this plan PROJECT HEALTH WELFARE BENEFITS PLAN.
PROJECT HEALTH, INC. of SUMTERVILLE, FL is a 224-participant health care and social assistance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is MARSH & MCLENNAN AGENCY - BOUCHARD. Coverage is written through HEALTH OPTIONS and 3 other carriers. The plan's most recent policy period ended in March.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 59-1664577 · plan 502 · plan year 2025, filed Sep 10, 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.
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.
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 9 insured contracts covering health, dental, vision, life and disability; the largest, with HEALTH OPTIONS, covers 85 people.
Reported premium across the insured contracts is $1,700,171, with $87,537 in disclosed broker commissions — about 5.1% 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.
MARSH & MCLENNAN AGENCY - BOUCHARD is the broker of record on 7 of the 9 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including HEALTH OPTIONS, BLUE CROSS BLUE SHIELD OF FLORIDA, USABLE LIFE and STANDARD INSURANCE COMPANY. HEALTH OPTIONS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health | 85 | Apr 1, 2025 | $745,385 | $29,815 |
| BLUE CROSS BLUE SHIELD OF FLORIDA | Health | 47 | Apr 1, 2025 | $642,817 | $25,713 |
| USABLE LIFE | Disability | 198 | Apr 1, 2025 | $132,721 | $13,013 |
| STANDARD INSURANCE COMPANY | Dental | 127 | Apr 1, 2025 | $76,124 | $7,612 |
| USABLE LIFE | Disability | 32 | Apr 1, 2025 | $31,437 | $3,800 |
| USABLE LIFE | Life | 198 | Apr 1, 2025 | $33,797 | $3,314 |
| USABLE LIFE | Life | 128 | Apr 1, 2025 | $18,214 | $2,224 |
| STANDARD INSURANCE COMPANY | Vision | 120 | Apr 1, 2025 | $16,122 | $1,612 |
| USABLE LIFE | — | 128 | Apr 1, 2025 | $3,554 | $434 |
Premium and claims on these contracts
HEALTH OPTIONS, contract 90459. For the contract year on this filing, the carrier reported $745,385 in premium earned and $627,987 in claims incurred. Dividing one by the other gives 84%.
BLUE CROSS BLUE SHIELD OF FLORIDA, contract 90459. For the contract year on this filing, the carrier reported $642,817 in premium earned and $533,731 in claims incurred. Dividing one by the other gives 83%.
STANDARD INSURANCE COMPANY, contract 169700. For the contract year on this filing, the carrier reported $76,124 in premium earned and $41,941 in claims incurred. Dividing one by the other gives 55%.
STANDARD INSURANCE COMPANY, contract 169700. For the contract year on this filing, the carrier reported $16,122 in premium earned and $10,943 in claims incurred. Dividing one by the other gives 68%.
- HEALTH OPTIONS, contract 90459 reported $117,398 in retention.
- BLUE CROSS BLUE SHIELD OF FLORIDA, contract 90459 reported $109,087 in retention.
- STANDARD INSURANCE COMPANY, contract 169700 reported $34,185 in retention.
- STANDARD INSURANCE COMPANY, contract 169700 reported $6,913 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.
Other plans filed by this employer
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