Leco Corporation
Overview
Leco Corporation sponsors a self-funded health plan that covered 815 participants in plan year 2025, about the same as 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
- 815 · prior year 811
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Group Welfare Benefit Plan for Employees of Leco Corporation, plan 501 (815 participants)
- Broker compensation
- $140K 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 |
|---|---|---|---|---|
| United of Omaha Life Insurance Company | Long-term disability, Life, Critical Illness Voluntary, Accident Only Voluntary | 788 | $679K | $137K |
| Vision Service Plan | Vision | 544 | $87K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 815 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
- Leco Corporation
- Sponsor EIN
- 38-0738518
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 38-0738518 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Leco Corporation 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 1,008
About this data
Source: Leco 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 Leco Corporation.