Institute of Community Services, Inc.

Holly Springs, MS Finance & insuranceNAICS 525100

Self-funded health planPlan year 2024Renews November
516ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#9 of 9Finance & insurance in MSBy participants

Overview

Institute of Community Services, Inc. sponsors a self-funded health plan that covered 516 participants in plan year 2024. The plan year starts in November. Alongside medical, its benefits filing reports life insurance.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
516
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Institute of Community Services, Inc. Bridge Plan, plan 502 (516 participants)
Broker compensation
$101K across insured contracts
MedicalLife insurance

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Blue Cross Blue Shield of MississippiMedical505$4.0M$77K
Dearborn Life Insurance CompanyLife, Short-term disability481$95K$14K
Starmount Life Insurance CompanyVision505$45K$10K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 516 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
Institute of Community Services, Inc.
Sponsor EIN
64-0440304
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 64-0440304 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Institute of Community Services, Inc. 403(b) Retirement Plan
Type
401(k) plan
Participants
828

About this data

Source: Institute of Community Services, 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 Institute of Community Services, Inc..

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