Banner Engineering Corp.
Overview
Banner Engineering Corp. sponsors a self-funded health plan that covered 1,092 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
- 1,092 · prior year 1,092
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Banner Engineering Corp. Health and Welfare Benefit Plan, plan 503 (1,092 participants)
- Broker compensation
- $96K 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 |
|---|---|---|---|---|
| The Lincoln National Life Insurance Company | Life, Long-term disability | 1,032 | $701K | $85K |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 909 | $62K | $8K |
| Metropolitan General Insurance Company | Legal | 155 | $31K | $2K |
| United Behavioral Health DBA Optum | Employee Assistance Program | 1,056 | $12K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,092 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
- Banner Engineering Corp.
- Sponsor EIN
- 41-0907221
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0907221 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Banner Engineering Corp. Profit Sharing Retirement Savings Plan and Trust
- Type
- 401(k) plan
- Participants
- 1,468
About this data
Source: Banner Engineering Corp.'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 Banner Engineering Corp..