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Sponsor portfolioWelfare / HealthEIN 22-1717737
SANDVIK, INC.
1483 DOGWOOD WAY · MEBANE, NC 27302
9193046082
- Plans filed
- 9
- Years active
- 2015–2024
- Industry
- NAICS 33
- Latest filing
- 2024
Total premiums (latest)
$5.5M
No prior year
Persons covered
2,609
No prior year
Total participants
2,636
No prior year
Plans filed
9
No prior year
Plans under this sponsor
9 plans
Plan #605$5.5M
SANDVIK, INC. HEALTH AND WELFARE BENEFITS PLAN
Mixed2,609 covered·4 carriers
Primary: STANDARD INSURANCE COMPANY
Plan #501$2.7M
GROUP INSURANCE PLAN-ALL EMPLOYEES OF SANDVIK INC.
Fully insured2,594 covered·2 carriers
Primary: LINCOLN NATIONAL LIFE INSURANCE COMPANY
Plan #603$1.7M
SANDVIK DENTAL PLAN
Fully insured4,647 covered·1 carrier
Primary: CIGNA HEALTH AND LIFE INSURANCE COMPANY
Plan #506$488K
SANDVIK VOLUNTARY PLANS
Mixed905 covered·2 carriers
Primary: METROPOLITAN LIFE INSURANCE COMPANY
Plan #604$409K
SANDVIK VISION PLAN
Fully insured1,843 covered·1 carrier
Primary: VISION SERVICE PLAN
Plan #503$0
SANDVIK INC. SEVERANCE PLAN
Self-funded0 covered·0 carriers
Plan #505$0
SANDVIK INC. RETIREE REIMBURSEMENT PLAN
Self-funded0 covered·0 carriers
Plan #601$0
SANDVIK INC. FLEXIBLE BENEFITS ACCOUNTS
Self-funded0 covered·0 carriers
Plan #602$0
SANDVIK RETIREE MEDICAL PLAN
Self-funded0 covered·0 carriers
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Other | $2.3M | 31.1% | |
| Life | $1.9M | 26.0% | |
| Dental | $1.8M | 23.8% | |
| Long-term disability | $556K | 7.4% | |
| Short-term disability | $456K | 6.1% | |
| Vision | $419K | 5.6% |
Carrier overview
4 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 930242990 | LSTDLTDOth | $3.3M | 60.2% | 1 | 4 | 2,609 |
EIN 591031071 | D | $1.8M | 32.1% | 1 | 1 | 2,277 |
EIN 061227840 | V | $419K | 7.6% | 1 | 1 | 1,842 |
EIN 250687550 | Oth | $8K | 0.1% | 1 | 1 | 2,609 |
Broker overview
3 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| MERCER HEALTH AND BENEFITS, LLC | MINNEAPOLIS, MN | STANDARD INSURANCE COMPANY, CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES, VISION SERVICE PLAN | $477K | $136K | $613K | 76.4% | 1 |
| WEX HEALTH, INC. | CAROL STREAM, IL | STANDARD INSURANCE COMPANY | $0 | $137K | $137K | 17.1% | 1 |
| SANDVIK MACHINING SOLUTIONS USA LLC | MEBANE, NC | STANDARD INSURANCE COMPANY | $0 | $52K | $52K | 6.5% | 1 |
History & trajectory
10 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.
Policy details
Latest year, by plan