Parsec, LLC
Overview
Parsec, LLC sponsors a self-funded health plan that covered 1,838 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
- 1,838
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Budco Group, Inc. Employee Benefits Program, plan 555 (1,838 participants)
- Broker compensation
- $147K 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 |
|---|---|---|---|---|
| The Guardian Life Insurance Company of America | Life | 1,772 | $992K | $147K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,838 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
- Parsec, LLC
- Sponsor EIN
- 31-1411831
- Plan number
- 555
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 31-1411831 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Parsec, Inc. Profit Sharing/401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,089
About this data
Source: Parsec, LLC'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 Parsec, LLC.