Babcock Power Inc.
Overview
Babcock Power Inc. sponsors a self-funded health plan that covered 1,102 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
- 1,102 · prior year 1,084
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Babcock Power Health & Welfare Plan, plan 510 (1,102 participants)
- Stop-loss carrier
- UnitedHealthcare Insurance Company; UnitedHealthcare Insurance Company
- Broker compensation
- $2K 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 |
|---|---|---|---|---|
| UnitedHealthcare Insurance Company | Dental, Vision, Stop-loss | 2,162 | $4.9M | — |
| Life Insurance Company of North America | Family Medical Leave ASO, Life, Accidental Death and Dismemberment, Short-term disability, Long-term disability | 2,421 | $1.1M | — |
| Life Insurance Company of America | MA Paid Family Medical Leave | 108 | $115K | — |
| United Behavior Health DBA Optum | Behavioral Health | 1,226 | $16K | — |
| Hartford Life and Accident | Life, Long-term disability | 947 | — | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,102 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 2025
- Plan sponsor
- Babcock Power Inc.
- Sponsor EIN
- 04-3719625
- Plan number
- 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-3719625 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Babcock Power Savings Plan
- Type
- 401(k) plan
- Participants
- 1,994
About this data
Source: Babcock Power Inc.'s Form 5500 filing for plan year 2025 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 Babcock Power Inc..