Authority Brands, Inc.
Overview
Authority Brands, Inc. sponsors a self-funded health plan that covered 1,201 participants in plan year 2024. The plan year starts in July. 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
- 1,201
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Authority Brands, Inc. Employee Benefits Plan, plan 502 (1,201 participants)
- Stop-loss carrier
- Voya - Stealth Partner Group
- Broker compensation
- $296K 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 |
|---|---|---|---|---|
| Voya - Stealth Partner Group | Stop-loss | 934 | $1.2M | — |
| Standard Insurance Company | Hospital Indemnity, Life, Short-term disability, Long-term disability | 1,183 | $780K | $46K |
| Metropolitan Life Insurance Company | Life, Accident, Hospital Indemnity, Critical Illness | 697 | $254K | $89K |
| Vision Service Plan | Vision | 845 | $91K | $14K |
| Metropolitan Tower Life Insurance Company | Life | 84 | $70K | $146K |
| Legalplans USA | Legal | 103 | $22K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,201 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
- Authority Brands, Inc.
- Sponsor EIN
- 83-1724245
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 83-1724245 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Authority Brands, Inc. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,855
About this data
Source: Authority Brands, 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 Authority Brands, Inc..