Cottonwood Financial Administrative Services, LLC
Overview
Cottonwood Financial Administrative Services, LLC sponsors a self-funded health plan that covered 630 participants in plan year 2024. 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
- 630
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Cottonwood Financial Administrative Services, LLC Wrap Plan, plan 501 (630 participants)
- Stop-loss carrier
- Fidelity Security Life Insurance Company
- Broker compensation
- $46K 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 |
|---|---|---|---|---|
| Fidelity Security Life Insurance Company | Vision, Life, Stop-loss | 905 | $117K | $17K |
| Health Care Service Corporation | Dental | 474 | $88K | $9K |
| Dearborn Life Insurance Company | Life, Short-term disability, Long-term disability | 444 | $65K | $13K |
| Unum Life Insurance Company of America | Accident, Critical Illness | 270 | $20K | $7K |
| Crum & Forster | Accident | 204 | $2K | $340 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 630 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
- Cottonwood Financial Administrative Services, LLC
- Sponsor EIN
- 26-1367228
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 26-1367228 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Cottonwood Financial Administrative Services, LLC Employee 401(k) Investment Plan
- Type
- 401(k) plan
- Participants
- —
About this data
Source: Cottonwood Financial Administrative Services, LLC'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 Cottonwood Financial Administrative Services, LLC.