Hercules Industries, Inc.
Overview
Hercules Industries, Inc. sponsors a self-funded health plan that covered 572 participants in plan year 2024. The plan year starts in November. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 572
- Plan year
- Begins November 1 · next renewal November 2027
- Health plans filed
- Hercules Industries Wrap Plan, plan 501 (572 participants)
- Broker compensation
- $35K 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 |
|---|---|---|---|---|
| The Lincoln National Life Insurance Company | Life, Long-term disability | 539 | $202K | $31K |
| Metropolitan Life Insurance Company | Vision | 538 | $37K | $4K |
| United Behavioral Health DBA Optum | Employee Assistance Program | 380 | $4K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 572 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
- Hercules Industries, Inc.
- Sponsor EIN
- 84-0516481
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 84-0516481 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Hercules Industries, Inc. Employee Stock Ownership Plan
- Type
- Defined contribution plan
- Participants
- 589
About this data
Source: Hercules Industries, 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 Hercules Industries, Inc..