61st Street Service Corporation

New York, NY Professional servicesNAICS 541990

Self-funded health planPlan year 2025Renews January
1,099Participants+5% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#38 of 70Professional services in NYBy participants

Overview

61st Street Service Corporation sponsors a self-funded health plan that covered 1,099 participants in plan year 2025, up 5% from the prior year. The plan year starts in January. 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
1,099 · prior year 1,044
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
61st Street Service Corp. Medical Benefit Plan, plan 501 (1,099 participants)
Stop-loss carrier
First Symetra National Life Ins Co. of New York
Broker compensation
$89K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
First Symetra National Life Ins Co. of New YorkPrescription drug, Stop-loss1,090$1.7M$67K
First Reliance StandardShort-term disability, Life, Long-term disability, Voluntary AD&D1,920$790K$11K
Metropolitan Life Insurance CompanyMedical299$99K$11K
United Healthcare Insurance Company of New YorkVision1,569$93K—

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,099 participants × $2,371 national average per member. Usually higher once dependents are counted.

$68K–$167K/ year

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

Brands with a generic available$20K–$50K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$13K–$38K
PBM contract terms$7K–$20K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
61st Street Service Corporation
Sponsor EIN
13-3236346
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3236346 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
61st Street Service Corporation 401(k) Retirement Plan
Type
401(k) plan
Participants
2,442

About this data

Source: 61st Street Service Corporation's Form 5500 filing for plan year 2025 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 61st Street Service Corporation.

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