Prestage Farms, Inc.
Overview
Prestage Farms, Inc. sponsors a self-funded health plan that covered 2,783 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,783
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Prestage Farms, Inc. Employee Health and Welfare Plan, plan 501 (2,783 participants)
- Broker compensation
- $295K 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 | Dental, Vision, Life | 2,783 | $938K | $75K |
| Unum Insurance Company | Accident, Critical Illness | 1,040 | $537K | $113K |
| Provident Life and Accident Insurance Company | Life | 793 | $257K | $52K |
| Unum Life Insurance Company of America | Life | 434 | $250K | $55K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,783 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
- Prestage Farms, Inc.
- Sponsor EIN
- 56-1368357
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-1368357 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Prestage Farms, 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 Prestage Farms, Inc..