Birdsong Corporation

Suffolk, VA ManufacturingNAICS 311900

Self-funded health planPlan year 2024Renews July
628ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#28 of 33Manufacturing in VABy participants

Overview

Birdsong Corporation sponsors a self-funded health plan that covered 628 participants in plan year 2024. The plan year starts in July. 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
628
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Birdsong Health and Welfare Plan, plan 505 (628 participants)
Broker compensation
$106K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Long-term disability, Voluntary Accident, Short-term disability619$493K$78K
Delta Dental of VirginiaDental797$189K$9K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision560$46K$5K
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)Vision842$11K$13K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$1.5M/ year

Estimated prescription spend: 628 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$95K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Birdsong Corporation
Sponsor EIN
54-0478709
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-0478709 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Birdsong Corporation 401(k) Matching & Profit Sharing Contribution Plan
Type
401(k) plan
Participants
911

About this data

Source: Birdsong Corporation'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 Birdsong Corporation.

Request a correction · Methodology