Bright Wood Corporation
Overview
Bright Wood Corporation sponsors a self-funded health plan that covered 762 participants in plan year 2024. The plan year starts in May. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 762
- Plan year
- Begins May 1 · next renewal May 2027
- Health plans filed
- The Health & Welfare Benefit Plan for Bright Wood Corporation, plan 502 (762 participants)
- 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 |
|---|---|---|---|---|
| Standard Insurance Company | Life, Long-term disability | 971 | $367K | $20K |
| Fidelity Security Life Insurance Company | Vision | 786 | $62K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 762 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
- Bright Wood Corporation
- Sponsor EIN
- 93-0720678
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 93-0720678 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bright Wood 401(k) Savings and Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 1,507
About this data
Source: Bright Wood 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 Bright Wood Corporation.