Martin & Bayley, Inc.
Overview
Martin & Bayley, Inc. sponsors a self-funded health plan that covered 940 participants in plan year 2024. 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
- 940
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Martin & Bayley Associates Health Care Plan, plan 503 (940 participants)
- Stop-loss carrier
- Tokio Marine
- Broker compensation
- $146K 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 |
|---|---|---|---|---|
| Tokio Marine | Stop-loss | 317 | $1.2M | — |
| Continental American Insurance Company | Life | 940 | $227K | $120K |
| Unum Life Insurance Company of America | Long-term disability, Life | 720 | $221K | $26K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 940 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 2024
- Plan sponsor
- Martin & Bayley, Inc.
- Sponsor EIN
- 37-0948752
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 37-0948752 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Martin & Bayley, Inc. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 2,669
About this data
Source: Martin & Bayley, Inc.'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 Martin & Bayley, Inc..