Germain Motor Company
Overview
Germain Motor Company sponsors a self-funded health plan that covered 1,249 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,249
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Germain Group Life and Medical Plan, plan 501 (1,249 participants)
- Stop-loss carrier
- UnitedHealthcare Insurance Company
- Broker compensation
- $284K 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 |
|---|---|---|---|---|
| UnitedHealthcare Insurance Company | Stop-loss | 1,271 | $1.2M | $193K |
| The Guardian Life Insurance Company of America | Dental, Life, Short-term disability, Long-term disability | 1,212 | $1.1M | $91K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,249 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
- Germain Motor Company
- Sponsor EIN
- 31-4368856
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 31-4368856 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Germain Retirement Security Savings Plan
- Type
- 401(k) plan
- Participants
- 2,504
About this data
Source: Germain Motor Company'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 Germain Motor Company.