K and B Industries
Overview
K and B Industries sponsors a self-funded health plan that covered 642 participants in plan year 2024. The plan year starts in September. 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
- 642
- Plan year
- Begins September 1 · next renewal September 2027
- Health plans filed
- K and B Industries Employee Benefits Plan, plan 501 (642 participants)
- Stop-loss carrier
- HCC Life Insurance Company
- Broker compensation
- $124K 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 |
|---|---|---|---|---|
| HCC Life Insurance Company | Stop-loss | 537 | $711K | $39K |
| Ameritas Life Insurance Corp. | Dental, Vision | 465 | $272K | $45K |
| Symetra Life Insurance Company | Life, Short-term disability, Long-term disability | 585 | $241K | $40K |
| Fidelity Security Life Insurance | Medical GAP | 60 | $30K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 642 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
- K and B Industries
- Sponsor EIN
- 26-2531023
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 26-2531023 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- K & B Machine Works, LLC 401(k) Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 676
About this data
Source: K and B Industries'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 K and B Industries.