Moran Towing Corporation

New Canaan, CT Transportation & logisticsNAICS 483000

Self-funded health planPlan year 2025Renews January
1,646Participants+72% vs. prior year
$3.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 3Transportation & logistics in CTBy participants

Overview

Moran Towing Corporation sponsors a self-funded health plan that covered 1,646 participants in plan year 2025, up 72% 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
1,646 · prior year 959
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Moran Towing Corporation Life Insurance and Health Plan, plan 501 (1,646 participants)
Broker compensation
$66K 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
Hartford Life and AccidentLife, Long-term disability1,638$1.5M$26K
The Guardian Life Insurance Company of AmericaVision, Short-term disability, Long-term disability185$189K$40K
Fidelity Security Life Insurance CompanyVision1,472$91K—
Vision Service PlanVision284$31K—
Anthem Health Plans, Inc.Employee Assistance Program1,852$17K—

Pharmacy benefit estimate

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

$3.9M/ year

Estimated prescription spend: 1,646 participants × $2,371 national average per member. Usually higher once dependents are counted.

$101K–$250K/ year

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

Brands with a generic available$30K–$74K
Lower-cost therapeutic alternatives$43K–$91K
Generic pricing vs. actual cost$19K–$56K
PBM contract terms$10K–$29K
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
Moran Towing Corporation
Sponsor EIN
13-5256830
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-5256830 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Moran Towing 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 Moran Towing Corporation.

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