Firstlight Fiber, Inc.

Albany, NY Information & technologyNAICS 517000

Self-funded health planPlan year 2024Renews October
516ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#27 of 27Information & technology in NYBy participants

Overview

Firstlight Fiber, Inc. sponsors a self-funded health plan that covered 516 participants in plan year 2024. The plan year starts in October. 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
516
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Firstlight Fiber Health and Welfare Benefit Plan, plan 502 (516 participants)
Broker compensation
$33K 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
First Unum Life Insurance CompanyShort-term disability, Long-term disability452$225K$16K
Metropolitan Life Insurance CompanyLife, Long-term disability656$171K$17K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 516 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Firstlight Fiber, Inc.
Sponsor EIN
01-0656735
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0656735 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Firstlight Fiber, Inc. 401k Plan
Type
401(k) plan
Participants
853

About this data

Source: Firstlight Fiber, Inc.'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 Firstlight Fiber, Inc..

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