B V Hedrick Gravel & Sand Co.
Overview
B V Hedrick Gravel & Sand Co. sponsors a self-funded health plan that covered 820 participants in plan year 2024. The plan year starts in November. 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
- 820
- Plan year
- Begins November 1 · next renewal November 2027
- Health plans filed
- Hedrick Employee Group Benefit Plan, plan 502 (820 participants)
- Stop-loss carrier
- Symetra Life Insurance Co.
- Broker compensation
- $111K 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 |
|---|---|---|---|---|
| Reliance Standard Life Insurance Company | Life, Short-term disability, Long-term disability | 784 | $428K | $42K |
| Vision Service Plan | Vision | 778 | $75K | $2K |
| Symetra Life Insurance Co. | Stop-loss | 745 | — | $66K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 820 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
- B V Hedrick Gravel & Sand Co.
- Sponsor EIN
- 56-0257665
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-0257665 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- B.v. Hedrick Gravel and Sand Company Salary Deferral and Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 189
About this data
Source: B V Hedrick Gravel & Sand Co.'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 B V Hedrick Gravel & Sand Co..