SMG
Overview
SMG sponsors a self-funded health plan that covered 4,725 participants in plan year 2025, up 6% 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
- 4,725 · prior year 4,446
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- SMG Welfare Plan, plan 501 (4,725 participants)
- Stop-loss carrier
- Granular Insurance Company
- Broker compensation
- $762K 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 |
|---|---|---|---|---|
| Granular Insurance Company | Stop-loss | 3,606 | $3.5M | $175K |
| Reliance Standard Life Insurance Company | Long-term disability, Life, Short-term disability, Accidental Death and Dismemberment | 4,725 | $1.8M | $182K |
| Cigna Health and Life Insurance Company | Dental, Vision, HMO, Critical Illness, Accident, Hospital Indemnity, Medical, Prescription drug, Life | 4,975 | $1.6M | $160K |
| Health Options | Medical, Prescription drug, HMO | 63 | $1.3M | $52K |
| Hawaii Medical Service Association | Medical, Prescription drug, Dental, Vision | 72 | $1.1M | — |
| MCS Life Insurance Company | Medical, Prescription drug, Dental, Vision, Life, PPO | 106 | $888K | $53K |
| Selecthealth | Medical, Prescription drug, HMO | 60 | $851K | $20K |
| Blue Care Network of Michigan | Medical, Prescription drug, Vision, HMO | 102 | $730K | $17K |
| Hartford Life and Accident | Short-term disability | 426 | $180K | $46K |
| Metropolitan Life Insurance Company | Dental, Life, Long-term disability | 136 | $102K | $12K |
| Triple-S Vida, Inc. | Life, Short-term disability, Long-term disability | 111 | $79K | $16K |
| Humana Insurance Company | Vision | 64 | $10K | $1K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,725 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
- SMG
- Sponsor EIN
- 23-2511871
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-2511871 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- ASM Global Retirement & Savings Plan
- Type
- 401(k) plan
- Participants
- 10,628
About this data
Source: SMG'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 SMG.