Form 5500 · Employee benefit plan · BERKELEY HEIGHTS, NJ
SAVOY ASSOCIATES
The filing calls this plan SAVOY ASSOCIATES HEALTH AND WELFARE BENEFIT PLAN.
Public Form 5500 records show how SAVOY ASSOCIATES of BERKELEY HEIGHTS, NJ, a finance and insurance employer, structures its employee benefits. Its broker of record is SAVOY ASSOCIATES. Coverage is written through HORIZON HEALTHCARE SERVICES, INC. and 6 other carriers. The plan's most recent policy period ended in January.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 22-1930954 · plan 504 · plan year 2025, filed Oct 13, 2025
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How this plan is funded
Funding not settled by the filing
The filing does not report enough to settle how this plan pays for benefits.
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 13 insured contracts covering health, dental, vision, life and disability; the largest, with HORIZON HEALTHCARE SERVICES, INC., covers 84 people.
Reported premium across the insured contracts is $117,416, with $4,357 in disclosed broker commissions — about 3.7% of premium.
The most recent policy period ended in January, and the plan year ends January 31. Group contracts typically renew on that annual cycle.
SAVOY ASSOCIATES is the broker of record on 5 of the 13 contracts; the rest name a different broker or none.
7 carriers appear on the filing, including HORIZON HEALTHCARE SERVICES, INC., USABLE LIFE, COLONIAL LIFE & ACCIDENT INSURANCE COMPANY and HORIZON INSURANCE COMPANY. HORIZON HEALTHCARE SERVICES, INC. writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES, INC. | Health | 84 | Feb 1, 2025 | $87,723 | $2,484 |
| HORIZON HEALTHCARE SERVICES, INC. | Health | 48 | Feb 1, 2025 | $13,938 | $389 |
| USABLE LIFE | Disability | 118 | Feb 1, 2025 | $2,359 | $352 |
| USABLE LIFE | Life | 96 | Feb 1, 2025 | $2,098 | $309 |
| USABLE LIFE | Life | 119 | Feb 1, 2025 | $1,330 | $211 |
| USABLE LIFE | — | 67 | Feb 1, 2025 | $1,028 | $168 |
| COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | — | 12 | Feb 1, 2025 | $978 | $159 |
| HORIZON HEALTHCARE SERVICES, INC. | Dental | 88 | Feb 1, 2025 | $6,343 | $125 |
| HORIZON INSURANCE COMPANY | Vision | 75 | Feb 1, 2025 | $927 | $95 |
| USABLE LIFE | — | 84 | Feb 1, 2025 | $221 | $35 |
| THE PAUL REVERE LIFE INSURANCE COMPANY | — | 3 | Feb 1, 2025 | $167 | $26 |
| HORIZON HEALTHCARE DENTAL, INC. | Dental | 6 | Feb 1, 2025 | $122 | $4 |
| ARCH INSURANCE COMPANY | — | 127 | Feb 1, 2025 | $182 | $0 |
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.
How this plan compares
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