By trade

Health insurance for Texas electrical contractors

Your health plan files a public report every year, and so do your competitors’. Here’s what those filings show for contractors your size, and what to check on your own.

For electrical contractors with 100 or more employees.

Read the 52-contractor studies See a sample Plan Report

Short answer. Electrical contractors generally file under business code 238210. Peer figures here are for 52 Texas electrical, plumbing, and HVAC contractors with 75 to 300 employees, taken together, because separate validated cuts by trade are not published yet. Median broker pay is 5.3% of medical premium and $29 per participant per month. Median medical premium is $6,094 per participant.

What the public filings show

These figures are for 52 Texas electrical, plumbing, and HVAC contractors with 75 to 300 employees, taken together. Separate validated cuts by trade are not published yet, so the medians cover the three trades together.

In each company’s latest filing:

  • Median broker pay as a share of medical premium: 5.3%
  • Median broker pay per participant per month: $29
  • Median medical premium per participant: $6,094
  • Medical premium per participant, 10th to 90th percentile: $3,802 to $9,972

How the 52 were chosen.

Three things to check on your own plan

  1. Where your crews live. Job sites move. Check the network against where your people and their families live, not just the shop address.
  2. Who is on the plan. Waiting periods and eligibility rules decide whether apprentices and new hires are covered. Read the Schedule A count of people covered next to the employee count on the filing. Study 3.
  3. What the broker is paid, in dollars. It is on your Schedule A. In the 52-contractor set the median share of medical premium is 5.3% and the median per participant per month is $29. Those figures cover the three trades together. How the broker got paid changed (Study 5).

Before your next renewal

Questions people ask

What does health insurance cost per employee for a Texas electrical contractor?

In the public filings for 52 Texas electrical, plumbing, and HVAC contractors with 75 to 300 employees, taken together, the median medical premium was $6,094 per participant. Separate validated cuts by trade are not published yet.

What business code does an electrical contractor use on the Form 5500?

Usually 238210, Electrical Contractors and Other Wiring Installation Contractors, from the U.S. Census Bureau’s industry list. Installing electrical controls for HVAC systems falls under the same code.

How do I find my own company's Form 5500?

Search the company name or EIN in the Department of Labor’s EFAST2 Filing Search (efast.dol.gov/5500Search). Open the latest filing and its Schedule A.

Is the peer median a target?

No. It is context for the three trades together. It is not a target, and it is not a trade-only figure.

I built and sold a health insurance agency: grew it to 60 agents in about 3 years, then sold it. Licensed insurance agent since 2014: Texas license 2501238, NPN 17369817.

Want your own plan read the same way?

Send the company name to aloha@mattragudo.com. I pull the public filings and send back a one-page read. It’s built from the public record only, so no engagement is required.

Read the 52-contractor studies See a sample Plan Report

Questions first? Email aloha@mattragudo.com or book a 30 minute call.

Sources