Joint Industry Board of the Electrical Industry

Flushing, NY ConstructionNAICS 238210

Self-funded health planPlan year 2025Renews January
786ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 9Construction in NYBy participants

Overview

Joint Industry Board of the Electrical Industry sponsors a self-funded health plan that covered 786 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports dental, vision.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
786
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Joint Industry Board Health Reimbursement Account Plan, plan 501 (786 participants)
MedicalDentalVisionOther welfare benefits

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 786 participants × $2,371 national average per member. Usually higher once dependents are counted.

$48K–$119K/ year

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

Brands with a generic available$14K–$35K
Lower-cost therapeutic alternatives$21K–$43K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
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
Joint Industry Board of the Electrical Industry
Sponsor EIN
13-0891035
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-0891035 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Joint Industry Board Employees' 401(k) Plan
Type
401(k) plan
Participants
501

About this data

Source: Joint Industry Board of the Electrical Industry'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 Joint Industry Board of the Electrical Industry.

Request a correction · Methodology