F. H. Cann & Associates, Inc.

North Andover, MA Business servicesNAICS 561440

Self-funded health planPlan year 2025Renews July

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927Participants-1% vs. prior year

$2.2MEst. pharmacy spend / yrParticipants × national avg.

Jul 2027Next renewalPlan year begins July 1

#2 of 5Business services in MABy participants

Overview

F. H. Cann & Associates, Inc. sponsors a self-funded health plan that covered 927 participants in plan year 2025, about the same as the prior year. The plan year starts in July. 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: 927 · prior year 934
Plan year: Begins July 1 · next renewal July 2027
Health plans filed: F. H. Cann & Associates Health and Welfare Benefits Plan, plan 501 (927 participants)
Broker compensation: $49K 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.

Carrier	Coverage	Covered	Premium	Broker comp
The Lincoln National Life Insurance Company	Life, Short-term disability, Long-term disability	739	$322K	$39K
Blue Cross Blue Shield of Massachusetts, Inc.	Dental, Vision	438	$256K	$10K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 927 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$141K/ year

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

Brands with a generic available$17K–$42K

Lower-cost therapeutic alternatives$24K–$51K

Generic pricing vs. actual cost$11K–$32K

PBM contract terms$5K–$16K

The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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: F. H. Cann & Associates, Inc.
Sponsor EIN: 04-3483512
Plan number: 501
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-3483512 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: F. H. Cann & Associates, 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 F. H. Cann & Associates, Inc..

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