Astec Industries, Inc.
Overview
Astec Industries, Inc. sponsors a self-funded health plan that covered 3,474 participants in plan year 2024. The plan year starts in October. 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
- 3,474
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Group Life & Health Insurance Plan for All Employees of Astec Industries Inc. & Subsidiaries, plan 501 (3,474 participants)
- Broker compensation
- $598K 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 |
|---|---|---|---|---|
| Lincoln National Life Insurance Company | Life, Long-term disability | 3,342 | $3.3M | $327K |
| Delta Dental Plan of Tennessee | Dental | 5,897 | $2.2M | $75K |
| Reliastar Life Insurance Company | Accident, Critical Illness, Hospital Ind | 2,492 | $767K | $160K |
| Vision Service Plan | Vision | 2,406 | $368K | $36K |
| Curalinc, LLC, DBA Curalinc Healthcare | Employee Assistance Program | 3,124 | $56K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 3,474 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
- Astec Industries, Inc.
- Sponsor EIN
- 62-0873631
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 62-0873631 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Astec Industries, Inc. 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 4,464
About this data
Source: Astec Industries, 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 Astec Industries, Inc..