The Townsend Corporation

Muncie, IN ConstructionNAICS 238900

Self-funded health planPlan year 2025Renews January
1,301Participants+69% vs. prior year
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 16Construction in INBy participants

Overview

The Townsend Corporation sponsors a self-funded health plan that covered 1,301 participants in plan year 2025, up 69% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, short-term disability, long-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,301 · prior year 770
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Townsend Corporation Employee Health Care Plan, plan 501 (1,301 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Broker compensation
$275K across insured contracts
MedicalLife insuranceShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability, Dental1,187$1.2M$275K
Sun Life Assurance Company of CanadaStop-loss884$648K—

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,301 participants × $2,371 national average per member. Usually higher once dependents are counted.

$80K–$198K/ year

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

Brands with a generic available$23K–$59K
Lower-cost therapeutic alternatives$34K–$72K
Generic pricing vs. actual cost$15K–$44K
PBM contract terms$8K–$23K
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 Townsend Corporation
Sponsor EIN
35-1038926
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1038926 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Townsend Tree Service Company, Inc. Hourly Employees Retirement Savings Plan
Type
401(k) plan
Participants
2,166

About this data

Source: The Townsend 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 Townsend Corporation.

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