Telapex, Inc. and Subsidiaries

Ridgeland, MS Information & technologyNAICS 517000

Self-funded health planPlan year 2025Renews January
1,681Participants0% vs. prior year
$4.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Information & technology in MSBy participants

Overview

Telapex, Inc. and Subsidiaries sponsors a self-funded health plan that covered 1,681 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
1,681 · prior year 1,685
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Telapex, Inc. Group Health Plan, plan 502 (1,681 participants); Telapex, Inc. Cafeteria Plan, plan 505 (339 participants)
Stop-loss carrier
Tokio Marine/ HCC Life
Broker compensation
$268K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyVision, Dental3,116$1.6M$68K
Standard Insurance CompanyLong-term disability, Short-term disability, Life1,778$1.0M$131K
Tokio Marine/ HCC LifeStop-loss1,606$930K—
Massachusetts Mutual Life Ins. CompanyLong-term disability209$294K$57K
Unum Life Insurance Company of AmericaLong-Term Care280$82K$12K

Pharmacy benefit estimate

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

$4.0M/ year

Estimated prescription spend: 1,681 participants × $2,371 national average per member. Usually higher once dependents are counted.

$104K–$255K/ year

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

Brands with a generic available$30K–$76K
Lower-cost therapeutic alternatives$44K–$92K
Generic pricing vs. actual cost$19K–$57K
PBM contract terms$10K–$30K
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
Telapex, Inc. and Subsidiaries
Sponsor EIN
64-0748803
Plan numbers
502, 505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 64-0748803 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Telapex, Inc. Savings Plan
Type
401(k) plan
Participants
2,323

About this data

Source: Telapex, Inc. and Subsidiaries'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 Telapex, Inc. and Subsidiaries.

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