Carl Buddig and Company
Overview
Carl Buddig and Company sponsors a self-funded health plan that covered 1,394 participants in plan year 2024. The plan year starts in November. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,394
- Plan year
- Begins November 1 · next renewal November 2027
- Health plans filed
- Buddig Employees Welfare Benefit Plan, plan 501 (1,394 participants)
- Stop-loss carrier
- Blue Cross/blue Shield of Illinois
- Broker compensation
- $263K 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 |
|---|---|---|---|---|
| Blue Cross/blue Shield of Illinois | Stop-loss | 1,991 | $2.2M | $104K |
| Guardian Life Insurance Company of America | Dental, Vision | 1,126 | $766K | $77K |
| Sun Life Assurance Company of Canada | STD, Life | 1,394 | $326K | $82K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,394 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
- Carl Buddig and Company
- Sponsor EIN
- 36-2169888
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 36-2169888 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Carl Buddig and Company Union Employee Deferred Benefit Plan
- Type
- 401(k) plan
- Participants
- 3,409
About this data
Source: Carl Buddig and Company'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 Carl Buddig and Company.