World Shipping, Inc.
Overview
World Shipping, Inc. sponsors a self-funded health plan that covered 640 participants in plan year 2024. The plan year starts in December. Alongside medical, its benefits filing reports life insurance, long-term disability, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 640
- Plan year
- Begins December 1 · next renewal December 2026
- Health plans filed
- World Shipping, Inc. Group Health Plan, plan 503 (640 participants)
- Broker compensation
- $33K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life | 912 | $352K | $26K |
| Life Insurance Company of North America | Long-term disability | 602 | $88K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 640 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
- World Shipping, Inc.
- Sponsor EIN
- 34-0895033
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 34-0895033 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: World Shipping, 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 World Shipping, Inc..