Bank of China
Overview
Bank of China sponsors a self-funded health plan that covered 968 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
- 968
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Benefit Plan - Medical, Dental, Life, AD&D, Ltd, STD and FSA, plan 501 (968 participants)
- Broker compensation
- $77K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Vision, Dental | 1,616 | $1.3M | $71K |
| Sun Life and Health Insurance Company | Life, Short-term disability, Long-term disability | 867 | $409K | $6K |
| Aetna Behavioral Health, LLC | Employee Assistance Program | 848 | $14K | — |
| Health and Human Resource Center, Inc. | Employee Assistance Program | 42 | $711 | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 968 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
- Bank of China
- Sponsor EIN
- 13-3090509
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-3090509 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bank of China 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,210
About this data
Source: Bank of China'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 Bank of China.