2012-08-23T15:19:53-05:00 2011-12-31 BOND BEEBE 4600 EAST-WEST HIGHWAY SUITE 900 BETHESDA MD 208143423 990 2011-01-01 526048633 COMPASS ROSE BENEFITS GROUP % WILLIAM J SIMMONS COMP 5712040605 PO BOX 8816 RESTON VA 20195 WILLIAM SIMMONS 2012-08-22 true SCOTT PRICE 3012726000 2011 2016-02-24 21:20:13Z RANDY STOUGHTON PO BOX 8816 RESTON VA 20195 185274352 false X WWW.COMPASSROSEBENEFITS.COM X 1948 DC PROVIDE HEALTH AND OTHER INSURANCE COVERAGE TO UNITED STATES GOVERNMENT EMPLOYEES. 8 8 28 0 0 0 0 5493682 177068101 427361 401228 0 0 5921043 177469329 0 7643 1006107 161975702 2801402 2927931 0 0 0 2163733 11912182 5971242 176823458 -50199 645871 28842331 82214821 15291541 40731481 13550790 41483340 X PROVIDE HEALTH AND OTHER INSURANCE COVERAGE TO UNITED STATES GOVERNMENT EMPLOYEES. false true COMPASS ROSE BENEFITS GROUP PROVIDES HEALTH AND OTHER SPECIALTY INSURANCE PRODUCTS AND SERVICES THAT ARE ONLY AVAILABLE TO CIVILIAN EMPLOYEES, EMPLOYEES OF THE DEPARTMENT OF STATE, RETIREES OF THE DEPARTMENT OF DEFENSE AND THE INTELLIGENCE COMMUNITY. SPONSORSHIP OF A FEDERAL EMPLOYEE HEALTH BENEFIT PLAN ("FEHBP") AS AN EMPLOYEE ORGANIZATION PLAN UNDER THE FEHBP COVERING CERTAIN FEDERAL GOVERNMENTAL EMPLOYEES AND ANNUITANTS. false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false true false false false false false false false false false false true 10 0 true 28 true false false false false false false X 8 8 false false true false true true false true true false false true true true true true true true false false X WILLIAM J SIMMONS 5712040605 1768 BUSINESS CENTER DRIVE STE 350 RESTON VA 20190 CHARLES PASQUALE 1.0 X 0 0 0 JOYCE FREUND 1.0 X 0 0 0 GWEN GASKINS 1.0 X 0 0 0 KEVIN SMITH 1.0 X 0 0 0 ED THOMSPON 1.0 X 0 0 0 BILL TRIKAS 1.0 X 0 0 0 KATHERINE SCHULTZ 1.0 X 0 0 0 BEVERLY BORICH CHRISTIANA 1.0 X 0 0 0 RANDY STOUGHTON 40.0 X 213941 0 10199 SHERRI HEBERT 40.0 X 187895 0 9042 WILLIAM SIMMONS 40.0 X 119280 0 18962 MARY O'CONNELL 40.0 X 125000 0 19190 CHRISTOPHER GREAME 40.0 X 116500 0 11872 ALFRED ROBINSON 40.0 X 110200 0 5103 872816 0 74368 6 false true false INFORMED 1596 WHITEHALL ROAD ANNAPOLIS MD 21409 ADMINISTRATOR FEES 5158853 MULTIPLAN 115 5th AVE 7th FLOOR NEW YORK NY 10003 NETWORK WRAP FEES 298936 UNITED HEALTHCARE 5901 LINCOLN DRIVE EDINA MN 55436 PPO NETWORK FEES 2358990 CAREINGTON 7400 GAYLORD PARKWAY FRISCO TX 75034 PROCESSING FEES 149400 COVENTRY HEALTHCARE 15400 CALHOUN DR STE 300 ROCKVILLE MD 20855 CLAIMS ADMIN EXPENSE 1417425 7 0 INSURANCE PREMIUMS 525100 174314484 174314484 SPECIAL PRODUCTION ADMININSTRATIVE FEES 900099 629814 629814 SERVICE ALLOWANCE 900099 1129041 1129041 INSURANCE PREMIUM REBATES 525100 994762 994762 177068101 1076945 1076945 0 0 7129306 7805023 -675717 -675717 -675717 0 0 0 0 177469329 177068101 401228 7643 0 0 161975702 703508 0 1780212 68780 188339 187092 0 93936 108049 0 0 122110 8221192 44665 501514 34835 0 298822 52196 0 0 4173 0 349679 35859 SERVICE ALLOWANCE 1129041 TPA REIMBURSEMENTS 858149 SUBSCRIPTION 31560 MEMBER SURVEY & DUES 10759 15643 176823458 4154665 3976401 4185415 41859265 0 0 12967 16668527 0 0 0 0 0 0 0 0 33641 389749 1687408 1137366 674600 550042 19781043 18645494 0 0 0 0 0 0 0 125343 28842331 82214821 334598 644238 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14956943 40087243 15291541 40731481 X 13550790 41483340 0 0 0 0 13550790 41483340 28842331 82214821 X 645871 27286679 X false true true X false 858929 668056 190873 313917 201304 112613 514561 268005 246556 550042 0 PREMIUMS PAYABLE 244101 CLAIMS RESERVES 14343142 HEALTH CLAIMS 25500000 40087243 177469329 176823458 645871 -512528 1751104 1238576 1884447 176956801 -512528 -512528 177469329 177469329 176823458 176823458 176823458 FIN 48 FOOTNOTE PART X, LINE 2 Accounting principles generally accepted in the United States of America require management of an organization to evaluate tax positions taken and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has evaluated the tax positions taken by CRBG and concluded that as of December 31, 2011 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. CRBG is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. Management believes CRBG is no longer subject to income tax examinations for years prior to 2008. OTHER REVENUES INCLUDED IN AUDITED FINANCIAL STATEMENTS, NOT FORM 990 PART XII LINE 2A ($512,528) NET UNREALIZED LOSS ON INVESTMENTS OTHER CHANGE IN NET ASSETS PART XI, LINE 8 $1,751,104 HEALTH PLAN NET CONTINGENCY RESERVE TRANSFERS false X PROCEDURES FOR MONITORING USE OF GRANT FUNDS PART I, LINE 2 THE ORGANIZATION DOES NOT MONITOR USE OF FUNDS GRANTED TO OTHER CHARITABLE ORGANIZATIONS. X X X false false false RANDY STOUGHTON 187953 0 25988 0 0 0 8558 1641 224140 0 SHERRI HEBERT 165530 0 22365 0 0 0 7516 1526 196937 0 MARY SIMMONS SEE PART V 64167 WAGES false RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION PART IV, LINE 1 COLUMN B FAMILY MEMBER OF WILLIAM SIMMONS, TREASURER ORGANIZATION MEMBERS PART VI, SECTION A, LINE 6 MEMBERS IN INSURANCE PROGRAMS OFFERED BY COMPASS ROSE BENEFITS GROUP ELECTION OF GOVERNING BODY PART VI, SECTION A, LINE 7A COMPASS ROSE BENEFITS GROUP BOARD OF DIRECTORS ARE ELECTED TO A THREE-YEAR TERM BY OUR MEMBERSHIP. THE BOARD IS CURRENTLY COMPOSED OF FOUR ACTIVE MEMBERS, THREE RETIRED MEMBERS AND ONE INDUSTRY EXPERT. THE INDUSTRY EXPERT IS ELECTED BY THE BOARD AND HAS NO PREDETERMINED TERM. WITH THE EXCEPTION OF THE INDUSTRY EXPERT, THESE MEMBERS MUST BE EMPLOYEES OF ONE OF THE QUALIFYING AGENCIES UNDER THE OFFICE OF DIRECTOR OF NATIONAL INTELLIGENCE. ANY MEMBER IS ELIGIBLE FOR ELECTION IF THEY PARTICIPATE IN AT LEAST ONF OF THE INSURANCE PROGRAMS WHICH COMPASS ROSE BENEFITS GROUP OFFERS. REVIEW OF FORM 990 PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS AND APPROVED PRIOR TO FILING. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C A COMMITTEE WITHIN THE BOARD OF DIRECTORS HAS BEEN ESTABLISHED TO OVERSEE AND ADDRESS CONFLICTS OF INTEREST (COI). ANNUALLY, BOARD MEMBERS AND KEY COMPASS ROSE EMPLOYEES SIGN ACKNOWLEDGEMENT THAT THEY HAVE RECEIVED, READ, AND WILL ADHERE TO COMPASS ROSE'S COI POLICY. THE POLICY ITSELF DETAILS THE PROCESS BY WHICH THE BOARD MONITORS AND ENFORCES POTENTIAL VIOLATIONS. COMPENSATION OF MANAGEMENT PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT IS VOTED UPON AND APPROVED BY A COMPENSATION COMMITTEE MADE UP OF BOARD MEMBERS. OTHER EMPLOYEE COMPENSATION IS SET BY SENIOR MANAGEMENT (PRESIDENT, VICE PRESIDENT). AVAILABILITY OF DOCUMENTS PART VI, SECTION C, LINE 19 OTHER THAN FORM 990, ALL OTHER GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE ONLY MADE AVAILABLE TO THE PUBLIC UPON U.S. GOVERNMENT SECURITY APPROVAL. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 $26,048,103 TRANSFER TO BEGINNING SPECIAL RESERVE FROM OPM $ 1,751,104 HEALTH PLAN NET CONTINGENCY RESERVE TRANSFERS $( 512,528) NET UNREALIZED LOSS ON INVESTMENTS ----------- $27,286,679 =========== CONTRIBUTING EMPLOYER RECEIVABLES AT YEAR-END PART X CONTRIBUTIONS RECEIVABLE OUTSTANDING AT THE PLAN'S YEAR-END FROM CONTRIBUTING EMPLOYERS REPRESENT AMOUNTS DUE FOR THE LAST MONTH OF THE FISCAL YEAR. THESE CONTRIBUTIONS ARE REQUIREMENTS, AS STIPULATED UNDER TERMS OF WRITEN AGREEMENTS AND, APPROVED BY THE GOVERNING BOARD, WITH THE EMPLOYERS THAT MUST BE REMITTED TO THE PLAN ON A TIMELY BASIS. THESE AMOUNTS CONSTITUTE RECEIVABLES THAT WERE CREATED IN THE ORDINARY COURSE OF THE PLAN'S BUSINESS. BYLAW CHANGES PART VI, SECTION A, LINE 4 1. TERM OF YEARS ELECTED DIRECTOR SERVES AS CHAIRMAN HAS BEEN REDUCED. 2. BOARD TERMS CHANGED TO CALENDAR YEAR INSTEAD OF PHYSICAL YEAR PERIOD. 3. FIRST MEETING OF CALENDAR YEAR DESIGNATED AS "ANNUAL MEETING", WHICH COINCIDES WITH FIRST MEETING OF NEWLY ELECTED BOARD. SIGNIFICANT PROGRAMS CHANGES DURING THE YEAR PART III, LINE 3 SPONSORSHIP OF A FEDERAL EMPLOYEE HEATLH BENEFIT PLAN.