Birmingham Fastener and Supply Inc.
Overview
Birmingham Fastener and Supply Inc. sponsors a self-funded health plan that covered 655 participants in plan year 2024. The plan year starts in December. 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
- 655
- Plan year
- Begins December 1 · next renewal December 2026
- Health plans filed
- Birmingham Fastener and Supply Inc. Employee Benefits Plan, plan 501 (655 participants)
- Stop-loss carrier
- QBE Insurance
- Broker compensation
- $20K 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 |
|---|---|---|---|---|
| QBE Insurance | Stop-loss | 468 | $514K | — |
| United of Omaha Life Insurance Company | Long-term disability, Life, Critical Illness, Accident | 670 | $238K | $13K |
| United of Omaha Life Company | Short-term disability | 670 | $44K | $2K |
| Fidelity Security Life Insurance Company | Vision | 406 | $5K | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 655 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
- Birmingham Fastener and Supply Inc.
- Sponsor EIN
- 63-0799531
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 63-0799531 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Birmingham Fastener & Supply, Inc. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 603
About this data
Source: Birmingham Fastener and Supply Inc.'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 Birmingham Fastener and Supply Inc..