Gaylor Electric, Inc.

Indianapolis, IN ConstructionNAICS 238210

Self-funded health planPlan year 2025Renews January
1,848Participants+0% vs. prior year
$4.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 16Construction in INBy participants

Overview

Gaylor Electric, Inc. sponsors a self-funded health plan that covered 1,848 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
1,848 · prior year 1,845
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Gaylor Electric, Inc. Employee Benefit Plan, plan 501 (1,848 participants)
Stop-loss carrier
Tokio Marine
Broker compensation
$524K 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
Standard Insurance CompanyLife, Long-term disability, Short-term disability2,310$1.6M$411K
Tokio MarineStop-loss1,239$1.1M$101K
Anthem Insurance CompaniesVision1,205$123K$12K

Pharmacy benefit estimate

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

$4.4M/ year

Estimated prescription spend: 1,848 participants × $2,371 national average per member. Usually higher once dependents are counted.

$114K–$281K/ year

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

Brands with a generic available$33K–$83K
Lower-cost therapeutic alternatives$49K–$102K
Generic pricing vs. actual cost$21K–$63K
PBM contract terms$11K–$33K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Gaylor Electric, Inc.
Sponsor EIN
20-3727689
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-3727689 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Gaylor Electric, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
3,904

About this data

Source: Gaylor Electric, 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 Gaylor Electric, Inc..

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