Eagle Alloy, Inc.

Muskegon, MI ManufacturingNAICS 331110

Self-funded health planPlan year 2024Renews May
755ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#106 of 138Manufacturing in MIBy participants

Overview

Eagle Alloy, Inc. sponsors a self-funded health plan that covered 755 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
755
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Eagle Alloy Inc. Health Benefits Plan, plan 501 (755 participants)
Broker compensation
$33K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Continental American Insurance CompanyAccident, Critical Illness, Hospital, Long-term disability, Short-term disability, Life717$177K$31K
Vision Service PlanVision116$17K$2K

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 755 participants × $2,371 national average per member. Usually higher once dependents are counted.

$47K–$115K/ year

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

Brands with a generic available$14K–$34K
Lower-cost therapeutic alternatives$20K–$42K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$4K–$13K
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
Eagle Alloy, Inc.
Sponsor EIN
38-2219733
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2219733 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Eagle Alloy, Inc. Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
468

About this data

Source: Eagle Alloy, 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 Eagle Alloy, Inc..

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