2023 Form 5500 filing — Virginia Private Colleges Benefits Consortium, Inc. Health Plan
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 20240924103626NAL0012824033001) for Virginia Private Colleges Benefits Consortium, Inc. Health Plan, reported by Virginia Private Colleges Benefits Consortium, Inc. under EIN 27-1367957 and plan number 501. It reports 3,433 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924103626NAL0012824033001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Virginia Private Colleges Benefits Consortium, Inc.
- EIN
- 27-1367957
- Plan number
- 501
- Location
- Bedford, VA
- Participants
- 3,433
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,108,913
- Total liabilities (EOY)
- $4,267,562
- Net assets (EOY)
- $16,841,351
- Employer contributions
- $28,687,144
- Participant contributions
- $13,394,006
- Total income / additions
- $42,898,641
- Benefits paid
- $39,484,800
- Administrative expenses
- $4,709,066
- Total expenses
- $44,193,866
- Net increase / (decrease)
- -$1,295,225
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Anthem Health Plans Of Virginia Inc | NONE | $2,961,766 | $2,614,712 |
| Healthkeepers, Inc. | NONE | $0 | $836,233 |
| Cicv | NONE | $407,297 | not reported in the loaded dataset |
| Marsh Mclennan | NONE | $288,450 | not reported in the loaded dataset |
| Empyrean | NONE | $215,473 | not reported in the loaded dataset |
| Lockton | NONE | $125,000 | $26,428 |
| Delta Dental Of Virginia | BENEFIT ADMINISTRATOR | $130,965 | not reported in the loaded dataset |
| Haynes Benefits | NONE | $84,983 | not reported in the loaded dataset |
| Web Md | NONE | $69,097 | not reported in the loaded dataset |
| Travelers | NONE | $57,153 | not reported in the loaded dataset |
| Health Advocate Solutions | NONE | $54,002 | not reported in the loaded dataset |
| Brown, Edwards & Company, L.L.P. | NONE | $29,600 | not reported in the loaded dataset |
| Ebix | NONE | $19,477 | not reported in the loaded dataset |
| Mcgriff Insurance Services | NONE | $10,500 | not reported in the loaded dataset |
| Cedar Hill Business Associates, LLC | LESSOR | $9,190 | not reported in the loaded dataset |
| Harrison Building, Inc. | PART OWNER-BOARD MEMEBER | $8,993 | not reported in the loaded dataset |
| B2c Enterprises | NONE | $8,425 | not reported in the loaded dataset |
| Rcm&D | NONE | $5,500 | not reported in the loaded dataset |
| Truist Bank | NONE | $5,044 | not reported in the loaded dataset |