Chase Corporation

Westwood, MA ManufacturingNAICS 332810

Self-funded health planPlan year 2024Renews April
674ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#35 of 48Manufacturing in MABy participants

Overview

Chase Corporation sponsors a self-funded health plan that covered 674 participants in plan year 2024. The plan year starts in April. 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
674
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Chase Corporation Welfare Benefits Plan, plan 501 (674 participants)
Stop-loss carrier
Reliastar Life Insurance Company
Broker compensation
$163K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Upmc Health OptionsMedical116$734K$17K
Reliastar Life Insurance CompanyStop-loss647$689K$34K
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability, Accident, Critical Illness, Hospital Indemnity609$652K$94K
Guardian Life Insurance Company of AmericaDental, Vision384$75K$9K
Metropolitan Life Insurance CompanyDental130$63K$8K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 674 participants × $2,371 national average per member. Usually higher once dependents are counted.

$42K–$102K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Chase Corporation
Sponsor EIN
11-1797126
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-1797126 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Chase Corporation 401(k) Plan
Type
401(k) plan
Participants
726

About this data

Source: Chase 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 Chase Corporation.

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