New Era Technology, Inc.
Overview
New Era Technology, Inc. sponsors a self-funded health plan that covered 1,338 participants in plan year 2024. The plan year starts in July. 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
- 1,338
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- New Era Technology, Inc. Welfare Benefit Plan, plan 501 (1,338 participants)
- Stop-loss carrier
- HM Life Insurance Company; Sun Life Assurance Company
- Broker compensation
- $321K 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 |
|---|---|---|---|---|
| Sun Life Assurance Company | Stop-loss | 1,270 | $2.9M | — |
| The Prudential Insurance Company of America | Short-term disability, Long-term disability | 946 | $1.2M | $202K |
| Cigna Health and Life Insurance Company and Affiliates (cigna) | Dental | 1,263 | $960K | $95K |
| Transamerica Life Insurance Company | Cancer | 471 | $120K | $22K |
| Unum Life Insurance Company of America | Life | 589 | $10K | $1K |
| Independence Administrators | Vision | 1,298 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,338 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
- New Era Technology, Inc.
- Sponsor EIN
- 46-3078820
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 46-3078820 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- New Era 401(k) Plan
- Type
- 401(k) plan
- Participants
- 2,323
About this data
Source: New Era Technology, 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 New Era Technology, Inc..