Form 5500 · Employee benefit plan · JACKSONVILLE, FL
REGENCY ELECTRIC COMPANY INC.
The filing calls this plan REGENCY ELECTRIC COMPANY BENEFIT PLAN.
Public Form 5500 records show how REGENCY ELECTRIC COMPANY INC. of JACKSONVILLE, FL, a construction employer, structures its employee benefits. Its broker of record is BROWN AND BROWN OF FLORIDA, INC.. Coverage is written through HEALTH OPTIONS and 5 other carriers. The plan's most recent policy period ended in February.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 55-0814331 · plan 501 · plan year 2024, filed Sep 23, 2024
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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, 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 HEALTH OPTIONS, covers 41 people.
Reported premium across the insured contracts is $517,469, with $34,217 in disclosed broker commissions — about 6.6% of premium.
The most recent policy period ended in February, and the plan year ends February 29. Group contracts typically renew on that annual cycle.
BROWN AND BROWN OF FLORIDA, INC. is the broker of record on 4 of the 6 contracts; the rest name a different broker or none.
6 carriers appear on the filing, including HEALTH OPTIONS, BLUE CROSS BLUE SHIELD OF FLORIDA, RELIANCE STANDARD LIFE INSURANCE COMPANY and PRINCIPAL LIFE INSURANCE COMPANY. HEALTH OPTIONS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health | 41 | Mar 1, 2024 | $307,504 | $15,375 |
| RELIANCE STANDARD LIFE INSURANCE COMPANY | Life, Disability | 93 | Mar 1, 2024 | $73,207 | $8,959 |
| BLUE CROSS BLUE SHIELD OF FLORIDA | Health | 10 | Mar 1, 2024 | $91,826 | $4,591 |
| PRINCIPAL LIFE INSURANCE COMPANY | Dental | 109 | Mar 1, 2024 | $35,153 | $4,121 |
| HEALTHIEST YOU | — | 20 | Mar 1, 2024 | $4,040 | $606 |
| METROPOLITAN LIFE INSURANCE COMPANY | Vision | 68 | Mar 1, 2024 | $5,739 | $565 |
Premium and claims on these contracts
HEALTH OPTIONS, contract 64304. For the contract year on this filing, the carrier reported $307,504 in premium earned and $241,422 in claims incurred. Dividing one by the other gives 79%.
BLUE CROSS BLUE SHIELD OF FLORIDA, contract 64304. For the contract year on this filing, the carrier reported $91,826 in premium earned and $75,601 in claims incurred. Dividing one by the other gives 82%.
- HEALTH OPTIONS, contract 64304 reported $66,082 in retention.
- BLUE CROSS BLUE SHIELD OF FLORIDA, contract 64304 reported $16,225 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: 128 employees, 4 recordable cases, 0 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Other plans filed by this employer
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