Ferman Motor Car Company, Inc.
Overview
Ferman Motor Car Company, Inc. sponsors a self-funded health plan that covered 861 participants in plan year 2025, about the same as 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
- 861 · prior year 866
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Ferman Motor Car Company Welfare Benefits Plan, plan 501 (861 participants)
- Stop-loss carrier
- Sun Life Assurance Company of Canada
- Broker compensation
- $180K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Dental, Vision, Life, Short-term disability, Long-term disability, Stop-loss | 861 | $2.0M | $180K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 861 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Ferman Motor Car Company, Inc.
- Sponsor EIN
- 59-0240570
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-0240570 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Ferman Motor Car Company and Affiliated Dealerships 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 1,055
About this data
Source: Ferman Motor Car Company, 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 Ferman Motor Car Company, Inc..