The Branch Group Inc.
Overview
The Branch Group Inc. sponsors a self-funded health plan that covered 1,346 participants in plan year 2024. The plan year starts in July. 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
- 1,346
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- The Branch Group Employee Welfare Benefits Plan, plan 510 (1,346 participants)
- Stop-loss carrier
- Anthem Health Plans of Virginia; Anthem Health Plans of Virginia
- Broker compensation
- $305K 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 |
|---|---|---|---|---|
| Anthem Health Plans of Virginia | Medical, Vision, PPO, Stop-loss | 823 | $20.4M | — |
| Standard Insurance Company | Life, Long-term disability, Short-term disability | 1,303 | $1.3M | $230K |
| Delta Dental of Virginia | Dental | 155 | $950K | $75K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,346 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
- The Branch Group Inc.
- Sponsor EIN
- 54-6047677
- Plan number
- 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 54-6047677 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The Branch Group Inc. and Affiliates Employee Stock Ownership Plan
- Type
- 401(k) plan
- Participants
- 1,730
About this data
Source: The Branch Group Inc.'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 The Branch Group Inc..