Spears Manufacturing Company
Overview
Spears Manufacturing Company sponsors a self-funded health plan that covered 1,234 participants in plan year 2024. The plan year starts in March. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,234
- Plan year
- Begins March 1 · next renewal March 2027
- Health plans filed
- Spears Manufacturing Company Health Maintenance Plan, plan 504 (1,234 participants)
- Broker compensation
- $70K 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, Short-term disability, Long-term disability, Critical Illness, Hospital and Accident | 2,006 | $1.2M | $52K |
| Cigna Health and Life Insurance Company and Affiliates | Dental | 1,085 | $473K | $19K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,234 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
- Spears Manufacturing Company
- Sponsor EIN
- 95-2647135
- Plan number
- 504
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 95-2647135 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Spears Manufacturing 401(k) Plan
- Type
- 401(k) plan
- Participants
- 2,118
About this data
Source: Spears Manufacturing 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 Spears Manufacturing Company.