ILC Dover LP

Frederica, DE ManufacturingNAICS 325200

Self-funded health planPlan year 2024Renews January

Free pharmacy preview Request a correction

570ParticipantsFirst year on file

$1.4MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#9 of 9Manufacturing in DEBy participants

Overview

ILC Dover LP sponsors a self-funded health plan that covered 570 participants in plan year 2024. 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: 570
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: New ILC Dover, Inc., plan 502 (570 participants)
Broker compensation: $63K 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.

Carrier	Coverage	Covered	Premium	Broker comp
Reliastar Life Insurance Company	Life, Short-term disability, Long-term disability	1,095	$839K	$58K
Eyemed Vision Care	Vision	504	$64K	$5K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 570 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K

Lower-cost therapeutic alternatives$15K–$31K

Generic pricing vs. actual cost$6K–$19K

PBM contract terms$3K–$10K

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 2024
Plan sponsor: ILC Dover LP
Sponsor EIN: 26-3166327
Plan number: 502
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-3166327 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan: ILC Dover 401(k) Savings and Investment Plan
Type: 401(k) plan
Participants: 1,322

About this data

Source: ILC Dover LP'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 ILC Dover LP.

Request a correction · Methodology