Standex International Corporation

Salem, NH ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,266Participants+20% vs. prior year
$3.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 13Manufacturing in NHBy participants

Overview

Standex International Corporation sponsors a self-funded health plan that covered 1,266 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, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,266 · prior year 1,057
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Standex International Corp. Welfare Benefit Plan, plan 501 (1,266 participants)
Stop-loss carrier
Anthem Health Plans of New Hampshire, Inc.
Broker compensation
$318K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Anthem Health Plans of New Hampshire, Inc.Dental, Vision, Stop-loss1,742$1.5M$262K
Life Insurance Company of North AmericaLong-term disability, Life, Accidental Death & Dismemberment1,461$749K$38K
Unum Life Insurance Company of AmericaShort-term disability63$21K$253

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,266 participants × $2,371 national average per member. Usually higher once dependents are counted.

$78K–$192K/ year

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

Brands with a generic available$23K–$57K
Lower-cost therapeutic alternatives$33K–$70K
Generic pricing vs. actual cost$14K–$43K
PBM contract terms$8K–$23K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Standex International Corporation
Sponsor EIN
31-0596149
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-0596149 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Standex Retirement Savings Plan
Type
401(k) plan
Participants
1,580

About this data

Source: Standex International 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 Standex International Corporation.

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