Thundermist Health Center

Woonsocket, RI Health careNAICS 624100

Self-funded health planPlan year 2024Renews June
601ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#4 of 6Health care in RIBy participants

Overview

Thundermist Health Center sponsors a self-funded health plan that covered 601 participants in plan year 2024. The plan year starts in June. 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
601
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Thundermist Health Center Employee Benefits Plan, plan 501 (601 participants)
Broker compensation
$61K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability682$213K$28K
Continental American Insurance CompanyLife100$89K$23K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision866$57K$5K
Coastline EAPEmployee Assistance Program902$14K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 601 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$91K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Thundermist Health Center
Sponsor EIN
05-0355097
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 05-0355097 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
403(b) Thrift Plan for Employees of Thundermist Health Center
Type
401(k) plan
Participants
1,180

About this data

Source: Thundermist Health Center'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 Thundermist Health Center.

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