Kirby Risk Corporation

Lafayette, IN ManufacturingNAICS 335900

Self-funded health planPlan year 2024Renews July
926ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#55 of 93Manufacturing in INBy participants

Overview

Kirby Risk Corporation sponsors a self-funded health plan that covered 926 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
926
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Kirby Risk Corporation Employee Benefit Plan, plan 501 (926 participants); Kirby Risk Corporation Employees' Redirection Plan, plan 503 (920 participants)
Broker compensation
$72K across insured contracts
MedicalLife insuranceDentalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Long-term disability1,216$583K$72K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 926 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$141K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$24K–$51K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Kirby Risk Corporation
Sponsor EIN
35-0805247
Plan numbers
501, 503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-0805247 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Kirby Risk Corporation Retirement Plan
Type
401(k) plan
Participants
1,633

About this data

Source: Kirby Risk Corporation'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 Kirby Risk Corporation.

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