Seaboard Corporation
Overview
Seaboard Corporation sponsors a self-funded health plan that covered 8,028 participants in plan year 2025, up 20% from the prior year. 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
- 8,028 · prior year 6,673
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Seaboard Corporation Employee Welfare Plan, plan 509 (8,028 participants)
- Broker compensation
- $730K 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 |
|---|---|---|---|---|
| Lincoln National Life Insurance Company | Life, Long-term disability, VOL Life | 6,877 | $2.4M | $188K |
| Cigna Health and Life Company and Affiliates | Dental | 5,937 | $1.2M | — |
| Reliastar Life Insurance Company | ACC, CI, HCI | 1,269 | $872K | $338K |
| Principal Life Insurance Company | Long-term disability | 337 | $434K | $155K |
| Zurich American Insurance Company | ADD | 6,877 | $244K | $49K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 8,028 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 2025
- Plan sponsor
- Seaboard Corporation
- Sponsor EIN
- 04-2260388
- Plan number
- 509
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-2260388 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Retirement Savings Plan for Production Employees of Seaboard Corporation
- Type
- 401(k) plan
- Participants
- 4,670
About this data
Source: Seaboard Corporation's Form 5500 filing for plan year 2025 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 Seaboard Corporation.