Aeroflow, Inc.

Asheville, NC RetailNAICS 446190

Self-funded health planPlan year 2024Renews June
819ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#21 of 25Retail in NCBy participants

Overview

Aeroflow, Inc. sponsors a self-funded health plan that covered 819 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
819
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Aeroflow, Inc. Employee Benefits Plan, plan 501 (819 participants)
Stop-loss carrier
HCC Life Insurance Company
Broker compensation
$290K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
HCC Life Insurance CompanyStop-loss667$1.4M$69K
Reliance Standard Life Insurance CompanyLife, Short-term disability, Supplemental AD&D, Dependent AD&D, Dental, Vision, Long-term disability, Accident, Hospital Indemnity695$988K$209K
Reliancestandard Life Insurance CompanyCritical Illness217$40K$12K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$1.9M/ year

Estimated prescription spend: 819 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$124K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Aeroflow, Inc.
Sponsor EIN
56-2222382
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-2222382 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Aeroflow Healthcare, Inc. 401(k) Plan
Type
401(k) plan
Participants
941

About this data

Source: Aeroflow, Inc.'s Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Aeroflow, Inc..

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