Elwood Staffing Services, Inc.

Columbus, IN Business servicesNAICS 561300

Self-funded health planPlan year 2025Renews January
3,819Participants-27% vs. prior year
$9.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 5Business services in INBy participants

Overview

Elwood Staffing Services, Inc. sponsors a self-funded health plan that covered 3,819 participants in plan year 2025, down 27% from 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
3,819 · prior year 5,208
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Elwood Staffing Health and Benefits Plan, plan 503 (3,819 participants); Elwood Staffing Services, Inc. Welfare Benefit Plan, plan 510 (897 participants)
Broker compensation
$327K 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
BCS Insurance CompanyDental, Vision4,044$1.0M$162K
4 Ever Life Insurance CompanyLife, Short-term disability2,904$625K$99K
The Lincoln National Life Insurance CompanyLife, Long-term disability806$432K$66K

Pharmacy benefit estimate

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

$9.1M/ year

Estimated prescription spend: 3,819 participants × $2,371 national average per member. Usually higher once dependents are counted.

$235K–$580K/ year

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

Brands with a generic available$69K–$172K
Lower-cost therapeutic alternatives$101K–$210K
Generic pricing vs. actual cost$43K–$130K
PBM contract terms$23K–$68K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Elwood Staffing Services, Inc.
Sponsor EIN
35-1984435
Plan numbers
503, 510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1984435 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Elwood Staffing Services, Inc. 401(k) Retirement Plan
Type
401(k) plan
Participants
13,863

About this data

Source: Elwood Staffing Services, 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 Elwood Staffing Services, Inc..

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