SRC Holdings Corporation

Springfield, MO ManufacturingNAICS 333900

Self-funded health planPlan year 2024Renews February
1,183ParticipantsFirst year on file
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Feb 2027Next renewalPlan year begins February 1
#22 of 46Manufacturing in MOBy participants

Overview

SRC Holdings Corporation sponsors a self-funded health plan that covered 1,183 participants in plan year 2024. The plan year starts in February. 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
1,183
Plan year
Begins February 1 · next renewal February 2027
Health plans filed
SRC Benefits Programs Trust Health Insurance Fund, plan 502 (1,183 participants)
Stop-loss carrier
HCC Life Insurance Company
Broker compensation
$196K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
HCC Life Insurance CompanyStop-loss1,111$887K$124K
American United Life Insurance CompanyLife, Short-term disability, Long-term disability2,544$381K$60K
Eye MEDVision797$109K$12K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$2.8M/ year

Estimated prescription spend: 1,183 participants × $2,371 national average per member. Usually higher once dependents are counted.

$73K–$180K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$21K–$53K
Lower-cost therapeutic alternatives$31K–$65K
Generic pricing vs. actual cost$13K–$40K
PBM contract terms$7K–$21K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning February 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
SRC Holdings Corporation
Sponsor EIN
43-1274934
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 43-1274934 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
SRC Employees Savings Trust
Type
401(k) plan
Participants
2,045

About this data

Source: SRC Holdings Corporation'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 SRC Holdings Corporation.

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