Integrated Power Services

Greenville, SC Other servicesNAICS 811310

Self-funded health planPlan year 2025Renews January
2,555Participants+6% vs. prior year
$6.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 3Other services in SCBy participants

Overview

Integrated Power Services sponsors a self-funded health plan that covered 2,555 participants in plan year 2025, up 6% from the prior year. 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
2,555 · prior year 2,422
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Integrated Power Services LLC Health & Welfare Plan, plan 501 (2,555 participants)
Stop-loss carrier
Cigna Health & Life Insurance Company
Broker compensation
$20K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health & Life Insurance CompanyDental, Vision, Stop-loss4,088$4.6M—
Life Insurance Company of North AmericaLife, Ad&d-Bacc Basic Group, Vacc Voluntary Gr, Long-term disability2,393$1.9M$20K
Vision Service PlanVision1,849$253K—
Health Advocate Solutions Inc.Employee Assistance Program2,582$46K—

Pharmacy benefit estimate

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

$6.1M/ year

Estimated prescription spend: 2,555 participants × $2,371 national average per member. Usually higher once dependents are counted.

$158K–$388K/ year

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

Brands with a generic available$46K–$115K
Lower-cost therapeutic alternatives$67K–$141K
Generic pricing vs. actual cost$29K–$87K
PBM contract terms$15K–$45K
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 2025
Plan sponsor
Integrated Power Services
Sponsor EIN
20-8918703
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-8918703 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Integrated Power Services Retirement Savings Plan
Type
401(k) plan
Participants
2,453

About this data

Source: Integrated Power Services's Form 5500 filing for plan year 2025 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 Integrated Power Services.

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