Form 5500 · Employee benefit plan · HOPE, AR
RAINBOW OF CHALLENGES, INC
The filing calls this plan RAINBOW OF CHALLENGES, INC. WELFARE PLAN.
RAINBOW OF CHALLENGES, INC of HOPE, AR insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is DIGITAL INSURANCE INC.. Coverage is written through ARKANSAS BLUE CROSS AND BLUE SHIELD and 4 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 71-0417425 · plan 510 · plan year 2025, filed Jul 15, 2026
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
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: prepaid legal, 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 6 insured contracts covering health, dental, vision, life and disability; the largest, with ARKANSAS BLUE CROSS AND BLUE SHIELD, covers 98 people.
Reported premium across the insured contracts is $1,024,298, with $29,896 in disclosed broker commissions — about 2.9% 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.
DIGITAL INSURANCE INC. is the broker of record on 4 of the 6 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including ARKANSAS BLUE CROSS AND BLUE SHIELD, EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA, DELTA DENTAL PLAN OF ARKANSAS and THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA. ARKANSAS BLUE CROSS AND BLUE SHIELD writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 216 | Jan 1, 2026 | $91,824 | $17,982 |
| ARKANSAS BLUE CROSS AND BLUE SHIELD | Dental | 154 | Jan 1, 2026 | $53,324 | $5,305 |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Disability | 38 | Jan 1, 2026 | $16,704 | $4,176 |
| DELTA DENTAL PLAN OF ARKANSAS | Vision | 128 | Jan 1, 2026 | $21,801 | $2,359 |
| PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD | — | 8 | Jan 1, 2026 | $535 | $74 |
| ARKANSAS BLUE CROSS AND BLUE SHIELD | Health | 98 | Jan 1, 2026 | $840,110 | $0 |
Premium and claims on these contracts
ARKANSAS BLUE CROSS AND BLUE SHIELD, contract 027225. For the contract year on this filing, the carrier reported $53,324 in premium earned and $36,003 in claims incurred. Dividing one by the other gives 68%.
DELTA DENTAL PLAN OF ARKANSAS, contract 00006105V. For the contract year on this filing, the carrier reported $21,801 in premium earned and $13,418 in claims incurred. Dividing one by the other gives 62%.
ARKANSAS BLUE CROSS AND BLUE SHIELD, contract 029772. For the contract year on this filing, the carrier reported $840,110 in premium earned and $418,328 in claims incurred. Dividing one by the other gives 50%.
- ARKANSAS BLUE CROSS AND BLUE SHIELD, contract 027225 reported $8,449 in retention.
- DELTA DENTAL PLAN OF ARKANSAS, contract 00006105V reported $0 in retention.
- ARKANSAS BLUE CROSS AND BLUE SHIELD, contract 029772 reported $121,504 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 Arkansas. 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.
More employer plans in Arkansas — largest plans, brokers, carriers and renewal months.