Iidon, Inc.

Farmers Branch, TX Business servicesNAICS 561600

Self-funded health planPlan year 2024Renews June
799ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#17 of 23Business services in TXBy participants

Overview

Iidon, Inc. sponsors a self-funded health plan that covered 799 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
799
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Iidon, Inc. Wrap Plan, plan 501 (799 participants)
Broker compensation
$66K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance CompanyDental, Vision, Life721$387K$64K
Westport Insurance CorporationTransplant126$22K$2K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 799 participants × $2,371 national average per member. Usually higher once dependents are counted.

$49K–$121K/ year

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

Brands with a generic available$14K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Iidon, Inc.
Sponsor EIN
75-2886835
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-2886835 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Iidon, 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 Iidon, Inc..

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