Eastern Shipbuilding Group, Inc.

Panama City, FL ManufacturingNAICS 336610

Self-funded health planPlan year 2025Renews September
1,083Participants0% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#24 of 48Manufacturing in FLBy participants

Overview

Eastern Shipbuilding Group, Inc. sponsors a self-funded health plan that covered 1,083 participants in plan year 2025, about the same as the prior year. The plan year starts in September. 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
1,083 · prior year 1,083
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Eastern Shipbuilding Group, Inc. Employee Benefit Plan, plan 501 (1,083 participants)
Broker compensation
$196K 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
Transamerica Life Insurance CompanyLife715$397K$121K
Companion Life Insurance CompanyDental, Life, Short-term disability, Long-term disability914$352K$73K
Humana Insurance CompanyVision609$16K$2K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,083 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$165K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Eastern Shipbuilding Group, Inc.
Sponsor EIN
59-3393650
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-3393650 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Eastern Shipbuilding Group, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,435

About this data

Source: Eastern Shipbuilding Group, 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 Eastern Shipbuilding Group, Inc..

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