1661, Inc.

Los Angeles, CA Professional servicesNAICS 541511

Self-funded health planPlan year 2024Renews August
1,041ParticipantsFirst year on file
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#19 of 34Professional services in CABy participants

Overview

1661, Inc. sponsors a self-funded health plan that covered 1,041 participants in plan year 2024. The plan year starts in August. 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
1,041
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
1661, Inc. Group Health & Welfare Benefits Plan, plan 501 (1,041 participants)
Broker compensation
$26K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability967$256K$23K
UnitedHealthcare Insurance CompanyVision610$73K—
Arag Insurance CompanyLegal122$21K$3K

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,041 participants × $2,371 national average per member. Usually higher once dependents are counted.

$64K–$158K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$27K–$57K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
1661, Inc.
Sponsor EIN
27-1171406
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-1171406 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Goat 401(k) Plan
Type
401(k) plan
Participants
1,182

About this data

Source: 1661, 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 1661, Inc..

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