Form 5500 · Employee benefit plan · NEWTON, IA
THE VERNON COMPANY
The filing calls this plan VERNON COMPANY WELFARE BENEFIT PLAN.
THE VERNON COMPANY of NEWTON, IA is a 274-participant wholesale trade employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is USI INSURANCE SERVICES LLC. Coverage is written through WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA and 7 other carriers. The plan's most recent policy period ended in February.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 42-0649215 · plan 512 · plan year 2025, filed Sep 30, 2025
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18 other employer plans in Iowa have policy years ending in February. 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.
Benefits declared on this filing
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 10 insured contracts covering health, dental, vision, life and disability; the largest, with WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, covers 92 people.
Reported premium across the insured contracts is $2,063,500, with $29,235 in disclosed broker commissions — about 1.4% 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.
USI INSURANCE SERVICES LLC is the broker of record on 3 of the 10 contracts; the rest name a different broker or none.
8 carriers appear on the filing, including WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA, WELLMARK HEALTH PLAN OF IOWA, METROPOLITAN LIFE INSURANCE COMPANY and DELTA DENTAL OF IOWA. WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Life | 332 | Mar 1, 2025 | $61,225 | $7,565 |
| AMERICAN HERITAGE LIFE INSURANCE COMPANY | — | 72 | Mar 1, 2025 | $38,948 | $5,039 |
| DELTA DENTAL OF IOWA | Dental | 107 | Mar 1, 2025 | $42,014 | $4,191 |
| WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | Health | 92 | Mar 1, 2025 | $1,065,696 | $3,673 |
| AMERICAN HERITAGE LIFE INSURANCE COMPANY | — | 39 | Mar 1, 2025 | $20,088 | $3,247 |
| NORTHWESTERN MUTUAL | Disability | 31 | Mar 1, 2025 | $15,758 | $2,967 |
| VISION SERVICE PLAN | Vision | 83 | Mar 1, 2025 | $14,238 | $1,424 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | Disability | 91 | Mar 1, 2025 | $11,288 | $1,129 |
| WELLMARK HEALTH PLAN OF IOWA | Health | 60 | Mar 1, 2025 | $792,687 | $0 |
| DELTA DENTAL OF IOWA | Dental | 4 | Mar 1, 2025 | $1,558 | $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.
Other plans filed by this employer
How this plan compares
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