Fidelity Technologies Corporation

Reading, PA ManufacturingNAICS 335900

Self-funded health planPlan year 2024Renews August
550ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#98 of 105Manufacturing in PABy participants

Overview

Fidelity Technologies Corporation sponsors a self-funded health plan that covered 550 participants in plan year 2024. The plan year starts in August. 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
550
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Fidelity Technologies Corporation Welfare Benefits Plan, plan 503 (550 participants)
Broker compensation
$33K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental, Life, Short-term disability, Long-term disability478$679K$32K
Vision Service PlanVision285$41K$2K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 550 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$84K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Fidelity Technologies Corporation
Sponsor EIN
23-2492166
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2492166 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fidelity Technologies Corporation Employees Savings and Protection Plan
Type
401(k) plan
Participants
1,041

About this data

Source: Fidelity Technologies Corporation'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 Fidelity Technologies Corporation.

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