International Bancshares Corporate
Overview
International Bancshares Corporate sponsors a self-funded health plan that covered 1,438 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,438
- Plan year
- Begins June 1 · next renewal June 2027
- Health plans filed
- IBC Welfare Benefits Plan, plan 505 (1,438 participants)
- Stop-loss carrier
- Aetna Life Insurance Company
- Broker compensation
- $24K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Aetna Life Insurance Company | Stop-loss | 1,410 | $558K | $19K |
| United of Omaha Life Insurance Company | Life | 1,066 | $44K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,438 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- International Bancshares Corporate
- Sponsor EIN
- 74-2157138
- Plan number
- 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 74-2157138 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- International Bancshares Corporation Employees Profit Sharing Plan and Trust
- Type
- 401(k) plan
- Participants
- 2,283
About this data
Source: International Bancshares Corporate'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 International Bancshares Corporate.