Republic Airways Holdings Inc.

Indianapolis, IN Transportation & logisticsNAICS 481000

Self-funded health planPlan year 2024Renews JanuaryCollectively bargained
6,295ParticipantsFirst year on file
$14.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 6Transportation & logistics in INBy participants

Overview

Republic Airways Holdings Inc. sponsors a self-funded health plan that covered 6,295 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
6,295
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Republic Airways Holdings Health and Welfare Plan, plan 501 (6,295 participants)
Broker compensation
$165K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability, Accidental Death and Dismemberment6,894$3.7M$165K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$14.9M/ year

Estimated prescription spend: 6,295 participants × $2,371 national average per member. Usually higher once dependents are counted.

$388K–$957K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$113K–$284K
Lower-cost therapeutic alternatives$166K–$346K
Generic pricing vs. actual cost$72K–$215K
PBM contract terms$37K–$112K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Republic Airways Holdings Inc.
Sponsor EIN
06-1449146
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-1449146 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Republic Airways Holdings Inc. 401(k) Plan
Type
401(k) plan
Participants
8,136

About this data

Source: Republic Airways Holdings 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 Republic Airways Holdings Inc..

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