Teco Energy, LLC
Overview
Teco Energy, LLC sponsors a self-funded health plan that covered 4,396 participants in plan year 2024. 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
- 4,396
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Teco Energy Group Health Benefits Plan, plan 501 (4,396 participants); Teco Energy Retiree Group Health Benefits Plan, plan 509 (1,960 participants)
- Broker compensation
- $132K 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 |
|---|---|---|---|---|
| Lincoln National Life Insurance Company | Long-term disability, Life | 7,482 | $5.2M | $89K |
| Aetna Life Insurance Co. | PPO | 2,886 | $4.4M | — |
| Vision Service Plan | Vision | 4,152 | $562K | — |
| Unum Life Insurance Company of America | Long Term Care Insurance | 4,087 | $310K | $43K |
| National Union Fire Ins. Co. of Pittsburgh, PA | Accidental Death & Dismemberment | 4,138 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,396 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
- Teco Energy, LLC
- Sponsor EIN
- 59-2052286
- Plan numbers
- 501, 509
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-2052286 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Teco Energy Group Retirement Plan
- Type
- Pension plan
- Participants
- 6,885
About this data
Source: Teco Energy, 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 Teco Energy, LLC.