Teco Holdings, Inc.

Tampa, FL Holding companiesNAICS 551112

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
4,416ParticipantsFirst year on file
$10.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 11Holding companies in FLBy participants

Overview

Teco Holdings, Inc. sponsors a self-funded health plan that covered 4,416 participants in plan year 2025. 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
4,416
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Teco Energy Group Health Benefits Plan, plan 501 (4,416 participants); Teco Energy Retiree Group Health Benefits Plan, plan 509 (1,945 participants)
Broker compensation
$136K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLong-term disability, Life7,532$6.3M$94K
Aetna Life Insurance Co.PPO2,894$6.1M—
Vision Service PlanVision4,291$592K—
Unum Life Insurance Company of AmericaLong Term Care Insurance4,105$258K$42K
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death & Dismemberment4,135——

Pharmacy benefit estimate

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

$10.5M/ year

Estimated prescription spend: 4,416 participants × $2,371 national average per member. Usually higher once dependents are counted.

$272K–$671K/ year

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

Brands with a generic available$80K–$199K
Lower-cost therapeutic alternatives$116K–$243K
Generic pricing vs. actual cost$50K–$151K
PBM contract terms$26K–$79K
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
Teco Holdings, Inc.
Sponsor EIN
99-1722708
Plan numbers
501, 509
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 99-1722708 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Teco Energy Group Retirement Plan
Type
Pension plan
Participants
6,901

About this data

Source: Teco Holdings, Inc.'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 Teco Holdings, Inc..

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