Hendricks Holding Company, Inc.

Beloit, WI Holding companiesNAICS 551112

Self-funded health planPlan year 2025Renews January
2,052Participants0% vs. prior year
$4.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 5Holding companies in WIBy participants

Overview

Hendricks Holding Company, Inc. sponsors a self-funded health plan that covered 2,052 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
2,052 · prior year 2,052
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hendricks Group Health & Welfare Plan, plan 501 (2,052 participants)
Broker compensation
$111K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability1,736$1.2M$43K
The Lincoln National Life Insurance CompanyHospital, Critical Illness, Accident237$177K$53K
First Stop Health, LLCEmployee Assistance Program, Telehealth1,643$168K$16K
Wyssta Insurance Company Inc.Vision1,503$133K—

Pharmacy benefit estimate

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

$4.9M/ year

Estimated prescription spend: 2,052 participants × $2,371 national average per member. Usually higher once dependents are counted.

$126K–$312K/ year

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

Brands with a generic available$37K–$92K
Lower-cost therapeutic alternatives$54K–$113K
Generic pricing vs. actual cost$23K–$70K
PBM contract terms$12K–$36K
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
Hendricks Holding Company, Inc.
Sponsor EIN
39-2016366
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-2016366 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Hendricks Holding Company, 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 Hendricks Holding Company, Inc..

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