Cross Technologies, Inc.

Greensboro, NC Wholesale tradeNAICS 423990

Self-funded health planPlan year 2024Renews March
687ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#15 of 22Wholesale trade in NCBy participants

Overview

Cross Technologies, Inc. sponsors a self-funded health plan that covered 687 participants in plan year 2024. The plan year starts in March. 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
687
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Cross Company Group Healthcare Plan, plan 503 (687 participants)
Broker compensation
$174K 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
Standard Insurance CompanyLife, Long-term disability619$631K$103K
Ameritas Life Insurance Corp.Dental1,188$478K$64K
Metropolitan Life Insurance CompanyVision905$59K$6K
Life Insurance Company of North AmericaBusiness Travel Accident638——

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 687 participants × $2,371 national average per member. Usually higher once dependents are counted.

$42K–$104K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
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 March 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
Cross Technologies, Inc.
Sponsor EIN
56-0600094
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0600094 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cross Technologies, Inc. 401(k) Plan
Type
401(k) plan
Participants
763

About this data

Source: Cross Technologies, Inc.'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 Cross Technologies, Inc..

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