2023 Form 5500 filing — Georgia Bankers Association Insurance Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240730122043NAL0043720754004) for Georgia Bankers Association Insurance Trust, reported by Georgia Bankers Association under EIN 58-0254910 and plan number 506. It reports 7,540 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730122043NAL0043720754004
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Georgia Bankers Association
- EIN
- 58-0254910
- Plan number
- 506
- Location
- Atlanta, GA
- Participants
- 7,540
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $78,118,715
- Total liabilities (EOY)
- $13,716,919
- Net assets (EOY)
- $64,401,796
- Employer contributions
- $107,518,299
- Total income / additions
- $112,318,361
- Benefits paid
- $91,024,402
- Administrative expenses
- $4,979,837
- Total expenses
- $96,004,239
- Net increase / (decrease)
- $16,314,122
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Paragon Benefits, Inc. | CONTRACT ADMINISTRATOR | $3,105,866 | not reported in the loaded dataset |
| Blue Cross Blue Shield Healthcare | SERVICE PROVIDER | $2,548,318 | not reported in the loaded dataset |
| Georgia Bankers Association, Inc. | PLAN SPONSOR | $959,273 | not reported in the loaded dataset |
| Life2, Inc. | PRODUCT DEVELOPMENT | $602,750 | not reported in the loaded dataset |
| Pointenorth Insurance Group, LLC | INSURANCE CONSULTING | $386,380 | not reported in the loaded dataset |
| Care2025, LLC | CONSULTANT | $310,375 | not reported in the loaded dataset |
| Moore Colson & Company Pc | ACCOUNTANT | $300,069 | not reported in the loaded dataset |
| Micheal Cofield | EMPLOYEE | $248,116 | not reported in the loaded dataset |
| Tessa Nolan | EMPLOYEE | $209,178 | not reported in the loaded dataset |
| Sentryhealth (F/K/A Wellview) | WELLNESS SERVICES | $198,160 | not reported in the loaded dataset |
| Keri Brooks | EMPLOYEE | $181,803 | not reported in the loaded dataset |
| Bny Mellon Wealth Management | INVESTMENT MANAGEMENT | $0 | $145,165 |
| Virginia L Monroe | EMPLOYEE | $142,196 | not reported in the loaded dataset |
| Jayn Lawson | EMPLOYEE | $116,532 | not reported in the loaded dataset |
| Edith M Lindsay | EMPLOYEE | $7,234 | not reported in the loaded dataset |