The Kendal Corporation

Newark, DE Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
1,886Participants-11% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 5Health care in DEBy participants

Overview

The Kendal Corporation sponsors a self-funded health plan that covered 1,886 participants in plan year 2025, down 11% from 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
1,886 · prior year 2,127
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Insurance Plan of the Kendal Corporation, plan 501 (1,886 participants)
Stop-loss carrier
HM Life Insurance Company; QBE Insurance Company
Broker compensation
$262K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance CompanyMedical, Prescription drug, Critical Illness, Hospital Indemnity, Accident407$1.8M$72K
HM Life Insurance CompanyStop-loss494$1.7M—
Excellus Blue Cross Blue ShieldMedical, Prescription drug112$1.6M$61K
New York Life (life Insurance Company of North America)Long-term disability, Life, Short-term disability, Accidental Death and Dismemberment1,166$875K$89K
Delta Dental of PennsylvaniaDental827$549K$36K
QBE Insurance CompanyStop-loss102$519K—
Vision Service PlanVision707$77K$2K

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,886 participants × $2,371 national average per member. Usually higher once dependents are counted.

$116K–$287K/ year

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

Brands with a generic available$34K–$85K
Lower-cost therapeutic alternatives$50K–$104K
Generic pricing vs. actual cost$21K–$64K
PBM contract terms$11K–$34K
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
The Kendal Corporation
Sponsor EIN
23-2688382
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2688382 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Kendal Corporation 403(b) Plan
Type
Defined contribution plan
Participants
2,419

About this data

Source: The Kendal 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 The Kendal Corporation.

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