Indel Power Group, LLC

Portsmouth, VA Other servicesNAICS 811110

Self-funded health planPlan year 2024Renews October
666ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#6 of 8Other services in VABy participants

Overview

Indel Power Group, LLC sponsors a self-funded health plan that covered 666 participants in plan year 2024. The plan year starts in October. 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
666
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Indel Power Group, LLC Health & Welfare Plan, plan 504 (666 participants)
Broker compensation
$36K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability666$425K$35K
Ameritas Life Insurance Corp.Vision1,036$68K$671
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)Vision890$12K—

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 666 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$101K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Indel Power Group, LLC
Sponsor EIN
84-2003203
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-2003203 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Indel Power Group, LLC'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 Indel Power Group, LLC.

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