Koniag, Incorporated

Anchorage, AK ConstructionNAICS 237990

Self-funded health planPlan year 2025Renews January
587Participants+20% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Construction in AKBy participants

Overview

Koniag, Incorporated sponsors a self-funded health plan that covered 587 participants in plan year 2025, up 20% 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
587 · prior year 489
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Contractors Plan Trust Health Reimbursement Arrangement, plan 504 (587 participants)
Broker compensation
$193K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental3,730$2.0M$148K
Unum Life Insurance Company of AmericaLife, Long-term disability2,635$1.4M$35K
Sun Life Assurance Company of CanadaVision1,385$245K$9K
Telus Health (US) Ltd.Employee Assistance Program2,635$47K—
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident2,635$4K$526
UnitedHealthcare Insurance CompanyMedical, Prescription drug605——

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 587 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$89K/ year

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

Brands with a generic available$11K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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
Koniag, Incorporated
Sponsor EIN
92-0042743
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 92-0042743 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Koniag Retirement Plan
Type
401(k) plan
Participants
4,603

About this data

Source: Koniag, Incorporated'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 Koniag, Incorporated.

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