Form 5500 · Employee benefit plan · GREENVILLE, SC
PROPEL PEO, INC
The filing calls this plan PROPEL EMPLOYEE BENEFITS PLAN.
PROPEL PEO, INC of GREENVILLE, SC is a 2,021-participant professional services employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is JAMES A. SCOTT & SON, INC.. Coverage is written through BLUECHOICE HEALTHPLAN and 1 other carrier. The plan's most recent policy period ended in August.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 57-0768835 · plan 609 · plan year 2024, filed Mar 7, 2025
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
29 other employer plans in South Carolina have policy years ending in August. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
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 BLUECHOICE HEALTHPLAN, covers 725 people.
Reported premium across the insured contracts is $26,189,282, with $1,600,578 in disclosed broker commissions — about 6.1% of premium.
The most recent policy period ended in August, and the plan year ends August 31. Group contracts typically renew on that annual cycle.
JAMES A. SCOTT & SON, INC. is the broker of record on all 9 contracts.
Two carriers split the book: BLUECHOICE HEALTHPLAN and METROPOLITAN LIFE INSURANCE COMPANY.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Dental, Vision, Life, Disability | 3,835 | Sep 1, 2024 | $3,637,273 | $472,607 |
| BLUECHOICE HEALTHPLAN | Health | 725 | Sep 1, 2024 | $8,831,619 | $441,583 |
| BLUECHOICE HEALTHPLAN | Health | 412 | Sep 1, 2024 | $4,119,114 | $206,048 |
| BLUECHOICE HEALTHPLAN | Health | 355 | Sep 1, 2024 | $3,678,714 | $183,914 |
| BLUECHOICE HEALTHPLAN | Health | 210 | Sep 1, 2024 | $2,178,935 | $108,860 |
| BLUECHOICE HEALTHPLAN | Health | 137 | Sep 1, 2024 | $1,192,945 | $59,648 |
| BLUECHOICE HEALTHPLAN | Health | 148 | Sep 1, 2024 | $1,058,474 | $53,148 |
| BLUECHOICE HEALTHPLAN | Health | 146 | Sep 1, 2024 | $1,057,899 | $52,801 |
| BLUECHOICE HEALTHPLAN | Health | 51 | Sep 1, 2024 | $434,309 | $21,969 |
Premium and claims on these contracts
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $8,831,619 in premium earned and $9,856,578 in claims incurred. Dividing one by the other gives 112%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $4,119,114 in premium earned and $3,563,233 in claims incurred. Dividing one by the other gives 87%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $3,678,714 in premium earned and $4,576,154 in claims incurred. Dividing one by the other gives 124%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $2,178,935 in premium earned and $1,659,981 in claims incurred. Dividing one by the other gives 76%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $1,192,945 in premium earned and $1,099,153 in claims incurred. Dividing one by the other gives 92%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $1,058,474 in premium earned and $1,852,755 in claims incurred. Dividing one by the other gives 175%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $1,057,899 in premium earned and $997,491 in claims incurred. Dividing one by the other gives 94%.
BLUECHOICE HEALTHPLAN, contract 05858. For the contract year on this filing, the carrier reported $434,309 in premium earned and $193,755 in claims incurred. Dividing one by the other gives 45%.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $-1,024,959 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $555,882 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $-897,440 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $518,955 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $93,792 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $-794,282 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $60,407 in retention.
- BLUECHOICE HEALTHPLAN, contract 05858 reported $240,553 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
How this plan compares
Subscribers see how this compares with similar plans in South Carolina. A subscription also adds this plan's filing history and the renewal calendar for its state. See plans and prices
Without an account you can open 10 employer, broker and carrier pages a day, including through an AI assistant, and 50 a day with a free account. Paid plans are what keep these records free to read.
Renewal calendar
29 other employer plans in South Carolina are September 1 renewals (policy year ends August).
Their policy years end in August, like this plan’s, so most renew September 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.
Claude & ChatGPT
Look up records from Claude or ChatGPT
Add Form5500Lookup to Claude or ChatGPT and ask about any employer, broker or carrier in plain English. Lookups are free. Renewal lists, full books of business and exports are included with a subscription.
Building a list or a tool from these records? Match a list you already have from $29 per 1,000 records, or license the whole dataset as a weekly file for $499 a month. See both
More employer plans in South Carolina — largest plans, brokers, carriers and renewal months.