Luck Stone Corporation

Richmond, VA Mining & energyNAICS 212310

Self-funded health planPlan year 2024Renews November
989ParticipantsFirst year on file
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#1 of 2Mining & energy in VABy participants

Overview

Luck Stone Corporation sponsors a self-funded health plan that covered 989 participants in plan year 2024. The plan year starts in November. 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
989
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Luck Stone Corporation Welfare Benefit Plan, plan 507 (989 participants)
Stop-loss carrier
Cigna Health and Life Insurance Company
Broker compensation
$171K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance CompanyStop-loss, Voluntary Critical Illness, Accidental Injury, Hospital Care1,945$1.9M$125K
Hartford Life and AccidentLife, Long-term disability976$1.1M$46K
Vision Service PlanVision982$173K—

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 989 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$150K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$54K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
Luck Stone Corporation
Sponsor EIN
54-0630628
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-0630628 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Luck Stone Corporation Retirement Plan and Trust
Type
Pension plan
Participants
1,324

About this data

Source: Luck Stone 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 Luck Stone Corporation.

Request a correction · Methodology