Neighbors & Associates, Inc.

Parsons, KS ManufacturingNAICS 332400

Self-funded health planPlan year 2024Renews June
743ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#20 of 36Manufacturing in KSBy participants

Overview

Neighbors & Associates, Inc. sponsors a self-funded health plan that covered 743 participants in plan year 2024. The plan year starts in June. 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
743
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Neighbors & Associates, Inc. Employee Health Care Plan, plan 501 (743 participants)
Stop-loss carrier
Blue Cross Blue Shield of Kansas
Broker compensation
$30K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Blue Cross Blue Shield of KansasMedical, Stop-loss710$574K—
United of Omaha Life Insurance CompanyLong-term disability, Life, Short-term disability, Accident Only Voluntary, Critical Illness Voluntary375$264K$30K
Delta Dental of Kansas, Inc.Dental333$200K—
Vision Service PlanVision302$67K$231

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 743 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$113K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$20K–$41K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Neighbors & Associates, Inc.
Sponsor EIN
16-1661531
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-1661531 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Neighbors & Associates, Inc. Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
541

About this data

Source: Neighbors & Associates, 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 Neighbors & Associates, Inc..

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