Form 5500 · Employee benefit plan · SIOUX FALLS, SD
VERN EIDE MOTORCARS, INC.
The filing calls this plan VERN EIDE MOTORCARS, INC GROUP HEALTH PLAN.
Public Form 5500 records show how VERN EIDE MOTORCARS, INC. of SIOUX FALLS, SD, a retail employer, structures its employee benefits. Its broker of record is MARSH MCLENNAN AGENCY LLC. Coverage is written through AVERA HEALTH PLANS, INC. and 2 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 46-0281291 · plan 501 · plan year 2024, filed Jul 28, 2025
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291 other employer plans in South Dakota 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.
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 3 insured contracts covering health, dental and vision; the largest, with AVERA HEALTH PLANS, INC., covers 511 people.
Reported premium across the insured contracts is $2,488,843, with $9,478 in disclosed broker commissions — about 0.4% 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.
MARSH MCLENNAN AGENCY LLC is the broker of record on 2 of the 3 contracts; the rest name a different broker or none.
3 carriers appear on the filing, including AVERA HEALTH PLANS, INC., PRINCIPAL LIFE INSURANCE COMPANY and METROPOLITAN LIFE INSURANCE COMPANY. AVERA HEALTH PLANS, INC. writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Health, Dental, Vision | 544 | Jan 1, 2025 | $227,488 | $9,220 |
| METROPOLITAN LIFE INSURANCE COMPANY | Dental | 0 | Jan 1, 2025 | — | $258 |
| AVERA HEALTH PLANS, INC. | Health | 511 | Jan 1, 2025 | $2,261,355 | $0 |
Premium and claims on this contract
AVERA HEALTH PLANS, INC., contract A0001612. For the contract year on this filing, the carrier reported $2,261,355 in premium earned and $4,294,442 in claims incurred. Dividing one by the other gives 190%.
- AVERA HEALTH PLANS, INC., contract A0001612 reported $58,226 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.
Other plans filed by this employer
How this plan compares
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Renewal calendar
291 other employer plans in South Dakota are January 1 renewals (policy year ends December).
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