Salem Holding Company
Overview
Salem Holding Company sponsors a self-funded health plan that covered 815 participants in plan year 2024. The plan year starts in October. 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
- 815
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Group Protection Plan for Employees of Salem Holding Company, plan 501 (815 participants)
- Broker compensation
- $265K 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 |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Long-term disability | 807 | $979K | $122K |
| Starmount Life Insurance Company | Dental, Vision | 621 | $325K | $43K |
| Madison National Life Insurance Company | Short-term disability, Long-term disability | 448 | $289K | $49K |
| Unum Insurance Company | Accident, Specified Disease | 400 | $259K | $50K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 815 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
- Salem Holding Company
- Sponsor EIN
- 56-1740888
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-1740888 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Salem Holding Company 401(k) Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 1,153
About this data
Source: Salem Holding Company'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 Salem Holding Company.