Lenoir Memorial Hospital, Inc.

Kinston, NC Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
753Participants+16% vs. prior year
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#33 of 46Health care in NCBy participants

Overview

Lenoir Memorial Hospital, Inc. sponsors a self-funded health plan that covered 753 participants in plan year 2025, up 16% 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
753 · prior year 652
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Lenoir Memorial Hospital, Inc. ASO Self-Insurance Plan, plan 502 (753 participants)
Broker compensation
$129K 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
Delta Dental of North CarolinaDental1,203$462K$21K
Sun Life Assurance Company of CanadaLife, Long-term disability753$289K$39K
Transamerica Life Insurance CompanyLife200$122K$22K
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital267$114K$30K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,049$80K$17K

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 753 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$114K/ year

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

Brands with a generic available$14K–$34K
Lower-cost therapeutic alternatives$20K–$41K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$4K–$13K
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
Lenoir Memorial Hospital, Inc.
Sponsor EIN
56-6000674
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-6000674 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Lenoir Memorial Hospital, Inc. Savings & Protection Plan
Type
401(k) plan
Participants
1,268

About this data

Source: Lenoir Memorial Hospital, Inc.'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 Lenoir Memorial Hospital, Inc..

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