Powersecure, Inc.
Overview
Powersecure, Inc. sponsors a self-funded health plan that covered 909 participants in plan year 2024. The plan year starts in November. 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
- 909
- Plan year
- Begins November 1 · next renewal November 2027
- Health plans filed
- Powersecure, Inc. Flexible Benefit Plan, plan 501 (909 participants)
- Broker compensation
- $324K 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 |
|---|---|---|---|---|
| Life Insurance Company of North America | Short-term disability, Life, Accidental Death & Dismemberment, Long-term disability | 894 | $961K | $144K |
| Ameritas Life Insurance Corp. | Dental, Vision | 1,474 | $636K | $78K |
| Sun Life Assurance Company of Canada | Accident, Cancer, Critical Illness, Hosp | 213 | $199K | $68K |
| American Heritage Life Insurance Company | Life | 77 | $66K | $34K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 909 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
- Powersecure, Inc.
- Sponsor EIN
- 84-1169358
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 84-1169358 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Powersecure, 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 Powersecure, Inc..