Celia Corporation

Sparta, MI ManufacturingNAICS 323100

Self-funded health planPlan year 2024Renews May
914ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#95 of 138Manufacturing in MIBy participants

Overview

Celia Corporation sponsors a self-funded health plan that covered 914 participants in plan year 2024. The plan year starts in May. 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
914
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Celia Corporation Employee Benefit Plan, plan 501 (914 participants)
Broker compensation
$30K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther 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 disability438$203K$26K
Eye MED Vision CareVision796$43K$4K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 914 participants × $2,371 national average per member. Usually higher once dependents are counted.

$56K–$139K/ year

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

Brands with a generic available$16K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Celia Corporation
Sponsor EIN
38-2543338
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2543338 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Celia Corporation 401(k) Plan
Type
401(k) plan
Participants
512

About this data

Source: Celia 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 Celia Corporation.

Request a correction · Methodology