Cadence Bank
Overview
Cadence Bank sponsors a self-funded health plan that covered 5,806 participants in plan year 2025, down 4% from the prior year. The plan year starts in January. 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
- 5,806 · prior year 6,020
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Cadence Employee Welfare Benefit Plan, plan 510 (5,806 participants)
- Broker compensation
- $920K 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 | Long-term disability, Life, Weekly Income, VOL AD&D, VOL Spouse AD&D | 5,806 | $2.5M | $339K |
| The Lincoln National Life Insurance Company | V Life, V Spouse Life, V Child Life | 2,757 | $1.7M | $448K |
| Vision Service Plan | Vision | 4,146 | $721K | $93K |
| Continental American Insurance Company | Critical Illness | 2,498 | $295K | $32K |
| Provident Life and Accident | Long-term disability, Disability | 46 | $42K | $10K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 5,806 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
- Cadence Bank
- Sponsor EIN
- 64-0117230
- Plan number
- 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 64-0117230 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Cadence 401(k) Profit-Sharing Plan
- Type
- 401(k) plan
- Participants
- 8,076
About this data
Source: Cadence Bank'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 Cadence Bank.