Lakeland Financial Corporation
Overview
Lakeland Financial Corporation sponsors a self-funded health plan that covered 772 participants in plan year 2025, up 22% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 772 · prior year 634
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Lakeland Financial Corporation Life & Health Reflex Plan, plan 501 (772 participants)
- Broker compensation
- $82K 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 |
|---|---|---|---|---|
| Health Resources Inc. | Dental | 829 | $418K | $21K |
| Reliance Standard Life Insurance Company | Life, Long-term disability, Voluntary Accident, Voluntary Critical Illness | 677 | $306K | $42K |
| Vision Service Plan | Vision | 494 | $104K | $11K |
| Provident Life and Accident Insurance Company | Long-term disability | 25 | $58K | $7K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 772 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 2025
- Plan sponsor
- Lakeland Financial Corporation
- Sponsor EIN
- 35-1559596
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 35-1559596 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Lakeland Financial Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 892
About this data
Source: Lakeland Financial Corporation'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 Lakeland Financial Corporation.