Bank Independent
Overview
Bank Independent sponsors a self-funded health plan that covered 608 participants in plan year 2025, about the same as the prior year. The plan year starts in April. Alongside medical, its benefits filing reports dental.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 608 · prior year 608
- Plan year
- Begins April 1 · next renewal April 2027
- Health plans filed
- Bank Independent Health-Dental, plan 504 (608 participants)
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| New Directions Behavioral Health | Employee Assistance Plan/behavioral Heal | 680 | $19K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 608 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
- Bank Independent
- Sponsor EIN
- 63-0260951
- Plan number
- 504
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 63-0260951 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bank Independent Pension Plan
- Type
- Pension plan
- Participants
- 875
About this data
Source: Bank Independent'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 Bank Independent.