Clay Electric Cooperative, Inc.
Overview
Clay Electric Cooperative, Inc. sponsors a self-funded health plan that covered 752 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
- 752 · prior year 763
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Clay Electric Cooperative, Inc. Retiree Welfare Benefit Plan, plan 526 (752 participants); Clay Electric Cooperative Welfare Benefit Plan, plan 501 (650 participants)
- Broker compensation
- $224K 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 |
|---|---|---|---|---|
| Usable Life | Life, Long-term disability | 588 | $625K | $79K |
| The Guardian Life Insurance Company of America | Dental | 646 | $496K | $97K |
| Metropolitan Life Insurance Company | Critical Illness, Accident, Hospital | 607 | $199K | $39K |
| Ameritas Life Insurance Corporation | Life | 38 | $79K | — |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co. | Vision | 838 | $62K | $6K |
| Metropolitan General Insurance Company | Legal | 118 | $34K | $3K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 752 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
- Clay Electric Cooperative, Inc.
- Sponsor EIN
- 59-0196695
- Plan numbers
- 526, 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-0196695 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Clay Electric Cooperative, Inc.'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 Clay Electric Cooperative, Inc..