The Palmer Group
Overview
The Palmer Group sponsors a self-funded health plan that covered 657 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 657
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Palmer Group Employee Benefit Plan, plan 502 (657 participants)
- Broker compensation
- $140K 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 |
|---|---|---|---|---|
| Sun Life Assurance Company | Dental, Vision, Life, Short-term disability, Long-term disability | 590 | $1.0M | $133K |
| Cigna | PPO | 490 | $107K | — |
| United Healthcare Insurance Company | Organ/tissue Transplant Benefit Pro | 1,056 | $68K | $7K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 657 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 Palmer Group
- Sponsor EIN
- 35-1112033
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 35-1112033 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Palmer Truck Group 401(k) Plan
- Type
- 401(k) plan
- Participants
- 859
About this data
Source: The Palmer Group'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 Palmer Group.