Form 5500 · Employee benefit plan · WEST PALM BEACH, FL
SOUTHERN GUNITE, INC.
The filing calls this plan SOUTHERN GUNITE, INC. HEALTH & WELFARE PLAN.
Public Form 5500 records show how SOUTHERN GUNITE, INC. of WEST PALM BEACH, FL, a construction employer, structures its employee benefits. Its broker of record is MARSH AND MCLENNAN AGENCY, LLC. Coverage is written through HEALTH OPTIONS and 4 other carriers. The plan's most recent policy period ended in February.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 27-5006296 · plan 501 · plan year 2026, filed Sep 9, 2026
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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: death benefits.
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 90 people.
Reported premium across the insured contracts is $1,300,115, with $79,667 in disclosed broker commissions — about 6.1% of premium.
The most recent policy period ended in February, and the plan year ends February 28. Group contracts typically renew on that annual cycle.
MARSH AND MCLENNAN AGENCY, LLC is the broker of record on all 6 contracts.
5 carriers appear on the filing, including HEALTH OPTIONS, BLUE CROSS BLUE SHIELD OF FLORIDA, FLORIDA COMBINED LIFE and UNITED OF OMAHA LIFE INSURANCE COMPANY. HEALTH OPTIONS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HEALTH OPTIONS | Health | 90 | Mar 1, 2026 | $805,627 | $48,338 |
| BLUE CROSS BLUE SHIELD OF FLORIDA | Health | 33 | Mar 1, 2026 | $381,324 | $22,879 |
| FLORIDA COMBINED LIFE | Dental | 123 | Mar 1, 2026 | $74,003 | $4,205 |
| UNITED OF OMAHA LIFE INSURANCE COMPANY | Disability | 101 | Mar 1, 2026 | $17,706 | $1,771 |
| USABLE LIFE | Life | 116 | Mar 1, 2026 | $10,229 | $1,460 |
| BLUE CROSS BLUE SHIELD OF FLORIDA | Vision | 121 | Mar 1, 2026 | $11,226 | $1,014 |
Premium and claims on these contracts
HEALTH OPTIONS, contract B9535. For the contract year on this filing, the carrier reported $805,627 in premium earned and $620,897 in claims incurred. Dividing one by the other gives 77%.
BLUE CROSS BLUE SHIELD OF FLORIDA, contract B9535. For the contract year on this filing, the carrier reported $381,324 in premium earned and $292,056 in claims incurred. Dividing one by the other gives 77%.
- HEALTH OPTIONS, contract B9535 reported $184,731 in retention.
- BLUE CROSS BLUE SHIELD OF FLORIDA, contract B9535 reported $89,268 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.
How this plan compares
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