Sev1tech, LLC
Overview
Sev1tech, LLC sponsors a self-funded health plan that covered 971 participants in plan year 2024. The plan year starts in July. 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
- 971
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Sev1tech, LLC Welfare Benefit Plan, plan 503 (971 participants)
- Stop-loss carrier
- Nationwide Life Insurance Company
- Broker compensation
- $200K 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 |
|---|---|---|---|---|
| Nationwide Life Insurance Company | Stop-loss | 546 | $1.1M | — |
| Metropolitan Life Insurance Company | Critical Illness, Medical, Dental, Vision | 1,427 | $1.0M | $136K |
| United of Omaha Life Insurance Company | Life, Short-term disability, Long-term disability | 937 | $732K | $45K |
| Blue Cross Blue Shield of Alabama | Medical, Prescription drug, PPO | 46 | $352K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 971 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
- Sev1tech, LLC
- Sponsor EIN
- 27-2015706
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 27-2015706 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Sev1tech, LLC 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,487
About this data
Source: Sev1tech, LLC'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 Sev1tech, LLC.