Ormat Technologies, Inc. and Subsidiaries
Overview
Ormat Technologies, Inc. and Subsidiaries sponsors a self-funded health plan that covered 763 participants in plan year 2025. 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
- 763
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Ormat Technologies, Inc. Welfare Benefit Plan, plan 503 (763 participants)
- Stop-loss carrier
- Rocky Mountain Hospital & Medical Service, Inc.
- Broker compensation
- $92K 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 |
|---|---|---|---|---|
| Rocky Mountain Hospital & Medical Service, Inc. | Stop-loss | 1,721 | $1.8M | — |
| Reliance Standard Life Insurance Company | Life, Long-term disability, Short-term disability, Accident, Critical Illness, Hospital Indemnity | 763 | $598K | $92K |
| Hawaii Medical Service Association | Medical, Prescription drug, Dental, Vision | 83 | $494K | — |
| Simnsa | Medical, Prescription drug, Dental | 135 | $341K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 763 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 2025
- Plan sponsor
- Ormat Technologies, Inc. and Subsidiaries
- Sponsor EIN
- 88-0326081
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 88-0326081 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Ormat 401(k) Plan
- Type
- 401(k) plan
- Participants
- 956
About this data
Source: Ormat Technologies, Inc. and Subsidiaries'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 Ormat Technologies, Inc. and Subsidiaries.