RS Industries, Inc.

Davenport, IA ConstructionNAICS 237990

Self-funded health planPlan year 2024Renews April
518ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#7 of 7Construction in IABy participants

Overview

RS Industries, Inc. sponsors a self-funded health plan that covered 518 participants in plan year 2024. The plan year starts in April. 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
518
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
RS Industries, Inc. Welfare Benefits Plan, plan 501 (518 participants)
Broker compensation
$62K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Vision, Life, Long-term disability, Short-term disability, Accident574$441K$62K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 518 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$79K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
RS Industries, Inc.
Sponsor EIN
20-0065395
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-0065395 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: RS Industries, 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 RS Industries, Inc..

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