Form 5500 · Employee benefit plan · MADISON, MS
VERTEX AEROSPACE LLC
The filing calls this plan VERTEX AEROSPACE WELFARE PLAN.
Public Form 5500 records show how VERTEX AEROSPACE LLC of MADISON, MS, a transportation and logistics employer, structures its employee benefits. Its broker of record is BENEFIT COMMUNICATION INSOURCING. Coverage is written through HARTFORD LIFE AND ACCIDENT and 4 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 64-0941176 · plan 501 · plan year 2023, filed Jun 27, 2024
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312 other employer plans in Mississippi 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
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
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
Health: the largest of the 2 insured health contracts, with AETNA LIFE INSURANCE COMPANY, covers 361 of 6,078 participants (5.9%) on Schedule A.
Dental: AETNA LIFE INSURANCE COMPANY covers 401 of 6,078 participants (6.6%) on Schedule A.
2 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.
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 6 insured contracts covering health, dental, life and disability; the largest, with HARTFORD LIFE AND ACCIDENT, covers 12,368 people.
The filing declares health, dental, life, disability and vision. Vision appears with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 2 contracts here that do not say what they cover.
Reported premium across the insured contracts is $16,179,733, with $949,204 in disclosed broker commissions — about 5.9% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in October. The plan is on a split renewal cycle.
BENEFIT COMMUNICATION INSOURCING is the broker of record on 1 of the 6 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| RELIASTAR LIFE INSURANCE COMPANY | — | 7,136 | Jan 1, 2024 | $1,472,192 | $522,265 |
| HARTFORD LIFE AND ACCIDENT | Life, Disability | 12,368 | Jan 1, 2024 | $13,367,770 | $418,584 |
| ZURICH AMERICAN INSURANCE COMPANY | — | 6,375 | Nov 1, 2023 | $55,703 | $8,355 |
| AETNA LIFE INSURANCE COMPANY | Health | 361 | Jan 1, 2024 | $1,116,281 | $0 |
| AETNA LIFE INSURANCE COMPANY | Dental | 401 | Jan 1, 2024 | $99,374 | $0 |
| HAWAII MEDICAL SERVICE ASSOCIATION | Health | 5 | Jan 1, 2024 | $68,413 | $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.
Other plans filed by this employer
How this plan compares
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Renewal calendar
312 other employer plans in Mississippi are January 1 renewals (policy year ends December).
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