Bankplus
Overview
Bankplus sponsors a self-funded health plan that covered 994 participants in plan year 2025, down 8% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 994 · prior year 1,085
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Bankplus Employee Benefit Plan, plan 503 (994 participants); Bankplus Cafeteria Plan, plan 501 (216 participants)
- Stop-loss carrier
- Siriuspoint America Insurance Company
- Broker compensation
- $220K 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 |
|---|---|---|---|---|
| Colonial Life & Accident Insurance Company | Voluntary Insurance Products | 417 | $471K | $62K |
| Life Insurance Company of North America | Long-term disability, Life, Accidental Death | 1,062 | $443K | $79K |
| Siriuspoint America Insurance Company | Stop-loss | 979 | $429K | $64K |
| Vision Service Plan | Vision | 893 | $125K | $3K |
| Unum Life Insurance Company of America | Group Long Term Care | 1,061 | $65K | $12K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 994 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
- Bankplus
- Sponsor EIN
- 64-0134513
- Plan numbers
- 503, 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 64-0134513 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Bankplus'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 Bankplus.