General Insulation Co., Inc.
Overview
General Insulation Co., Inc. sponsors a self-funded health plan that covered 574 participants in plan year 2024. The plan year starts in July. 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
- 574
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- General Insulation Co., Inc. Employee Benefits Plan, plan 501 (574 participants)
- Stop-loss carrier
- Bcbs of MA
- Broker compensation
- $49K 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 |
|---|---|---|---|---|
| Bcbs of MA | Stop-loss | 294 | $639K | — |
| Metropolitan Life Insurance Company | Life, Short-term disability, Long-term disability, Medical | 574 | $223K | $45K |
| Eyemed Vision Care | Vision | 505 | $36K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 574 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 2024
- Plan sponsor
- General Insulation Co., Inc.
- Sponsor EIN
- 04-1044750
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-1044750 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- General Insulation Company 401(k) Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 416
About this data
Source: General Insulation Co., 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 General Insulation Co., Inc..