Directory of Self-Funded Group Plans FAQs
What is included in the Directory of Self-Funded Group Plans?
The Directory of Self-Funded Group Plans includes every Form 5500 filed to the Department of Labor for self-funded employee health or welfare plans as well as the Judy Diamond Associates exclusive contact information for company decision makers. For more information, please visit our Self-Funded Prospecting page.
Where do you get your data?
We obtain our plan data directly from the Department of Labor. The Employee Retirement Income Securities Act (ERISA) requires U.S. companies offering self-funded health and welfare plans to their employees to submit to the Department of Labor a Form 5500, which includes a wealth of information about the company and the plans they offer. The Form 5500 is limited to companies with more than 100 employees participating in the health and welfare plans.
We obtain our contact information for companies’ HR, Benefits and Finance personnel directly from the employers themselves.
What is the Form 5500?
The Employee Retirement Income Securities Act (ERISA) requires U.S. companies offering health or welfare plans to their employees to submit to the Department of Labor a Form 5500, which includes a wealth of information about the company and the plans they offer.
What kind of information is included on the Form 5500?
The Form 5500 includes a large amount of detail about each qualifying plan in the United States. The data the form collects includes:
- Company location
- Plan Type
- Plan renewal month
- Plan assets
- Brokers, carriers and administrators
How current is the data?
While there are exceptions, the plan sponsor must generally file their 5500 within 7 months of the plan year end. Historically, it then took the Department of Labor and the IRS another 12 months to process and disclose the plan data but a new government filing system has reduced that time significantly.
How often do you update the data?
Monthly.
How long will I have access to the data?
Subscriptions are sold on an annual basis. You will have access to this database for one year from your date of purchase.
Is there a limit to the number of times I can contact companies or people I find in the Directory of Self-Funded Group Plans?
We don’t place a limit on the number of times you can contact companies in the Directory of Self-Funded Group Plans, but we recommend that you employ industry best practices when determining the frequency of your contacts.
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