Hatco Corporation
Overview
Hatco Corporation sponsors a self-funded health plan that covered 672 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
- 672
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Hatco Employee Welfare Plan, plan 501 (672 participants); Hatco Corporation Flexible Benefit Plan, plan 601 (169 participants)
- Stop-loss carrier
- UnitedHealthcare Insurance Company
- Broker compensation
- $44K 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 | 1,035 | $1.3M | — |
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 661 | $440K | $36K |
| Metropolitian Life Insurance Company | Vision | 1,172 | $89K | $8K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 672 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
- Hatco Corporation
- Sponsor EIN
- 39-0913489
- Plan numbers
- 501, 601
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 39-0913489 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Hatco Corporation Employee Stock Ownership Plan
- Type
- Defined contribution plan
- Participants
- 900
About this data
Source: Hatco Corporation'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 Hatco Corporation.