Alro Steel Corporation
Overview
Alro Steel Corporation sponsors a self-funded health plan that covered 3,268 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
- 3,268
- Plan year
- Begins June 1 · next renewal June 2027
- Health plans filed
- Alro Steel Corporation Benefits Plan, plan 504 (3,268 participants)
- Stop-loss carrier
- Blue Cross Blue Shield of Michigan
- Broker compensation
- $366K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michigan | Stop-loss | 3,238 | $2.3M | $172K |
| Delta Dental of Michigan | Dental | 3,238 | $1.8M | $34K |
| Life Insurance Company of North America | AD&D, Life, Short-term disability, Long-term disability | 3,238 | $1.5M | $160K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 3,268 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Alro Steel Corporation
- Sponsor EIN
- 38-1300597
- Plan number
- 504
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 38-1300597 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan
- Type
- 401(k) plan
- Participants
- 5,327
About this data
Source: Alro Steel Corporation'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 Alro Steel Corporation.