Flexcon Company, Inc.

Spencer, MA ManufacturingNAICS 326100

Self-funded health planPlan year 2024Renews April
1,094ParticipantsFirst year on file
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#28 of 48Manufacturing in MABy participants

Overview

Flexcon Company, Inc. sponsors a self-funded health plan that covered 1,094 participants in plan year 2024. The plan year starts in April. 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
1,094
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Flexcon Health and Welfare Plan, plan 501 (1,094 participants)
Broker compensation
$10K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Long-term disability1,606$853K$10K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,551$108K—

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,094 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$166K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Flexcon Company, Inc.
Sponsor EIN
04-2266945
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2266945 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Flexcon Holdings Trust Retirement Plan
Type
401(k) plan
Participants
1,288

About this data

Source: Flexcon Company, 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 Flexcon Company, Inc..

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