Form 5500 · Employee benefit plan · CHICAGO, IL
SP PLUS CORPORATION
The filing calls this plan STANDARD PARKING CORPORATION WELFARE BENEFIT PLAN.
SP PLUS CORPORATION of CHICAGO, IL spreads its employee benefits across 12 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is LOCKTON COMPANIES, LLC. Coverage is written through BLUECROSS BLUESHIELD OF ILLINOIS and 11 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 16-1171179 · plan 502 · plan year 2024, filed Oct 8, 2025
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2,668 other employer plans in Illinois have policy years ending in December. 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.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
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 16 insured contracts covering health, dental, vision, life, disability and stop-loss; the largest, with BLUECROSS BLUESHIELD OF ILLINOIS, covers 5,719 people.
The filing lists a stop-loss contract. On its own that does not settle whether the plan pays its own claims.
Reported premium across the insured contracts is $51,659,732, with $833,122 in disclosed broker commissions — about 1.6% 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.
LOCKTON COMPANIES, LLC is the broker of record on 7 of the 16 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF ILLINOIS | Health, Stop-loss | 5,719 | Jan 1, 2025 | $42,446,845 | $282,320 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Life | 9,903 | Jan 1, 2025 | $1,465,315 | $218,762 |
| RELIASTAR LIFE INSURANCE COMPANY | — | 3,002 | Jan 1, 2025 | $451,870 | $100,922 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Disability | 3,517 | Jan 1, 2025 | $481,753 | $72,262 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Disability | 3,523 | Jan 1, 2025 | $404,467 | $60,670 |
| BLUE CROSS OF CALIFORNIA | Health | 171 | Jan 1, 2025 | $1,669,971 | $33,618 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Disability | 451 | Jan 1, 2025 | $112,973 | $28,244 |
| ARCH INSURANCE COMPANY | Disability | 1,780 | Jan 1, 2025 | $349,811 | $17,840 |
| PRIORITY HEALTH | Health | 24 | Jan 1, 2025 | $254,732 | $10,189 |
| PRIORITY HEALTH | Health | 26 | Jan 1, 2025 | $207,364 | $8,295 |
| CIGNA HEALTH AND LIFE INSURANCE COMPANY | Health, Dental | 3,943 | Jan 1, 2025 | $2,038,534 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 85 | Jan 1, 2025 | $774,814 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF HAWAII | Health | 79 | Jan 1, 2025 | $696,105 | $0 |
| EYEMED VISION CARE | Vision | 5,909 | Jan 1, 2025 | $239,241 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF COLORADO | Health | 62 | Jan 1, 2025 | $54,988 | $0 |
| PACIFIC GUARDIAN LIFE INSURANCE COMPANY, LTD. | Disability | 71 | Jan 1, 2025 | $10,949 | $0 |
Premium and claims on this contract
BLUECROSS BLUESHIELD OF ILLINOIS, contract 708789. For the contract year on this filing, the carrier reported $42,446,845 in premium earned and $44,125,553 in claims incurred. Dividing one by the other gives 104%.
- BLUECROSS BLUESHIELD OF ILLINOIS, contract 708789 reported $-1,678,707 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: 258 employees, 8 recordable cases, 2 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
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