AAS Services, LLC

Lakewood, CO Finance & insuranceNAICS 524290

Self-funded health planPlan year 2024Renews January
600ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 8Finance & insurance in COBy participants

Overview

AAS Services, LLC sponsors a self-funded health plan that covered 600 participants in plan year 2024. 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
600
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
AAS Services, LLC Health and Welfare Benefit Plan, plan 503 (600 participants)
Broker compensation
$36K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
New York Life Insurance CompanyLife, Short-term disability, Long-term disability600$345K$14K
Cigna Health and Life Insurance CompanyAccident, Critical Illness, Hospital600$96K$22K
Magellan Health, Inc.Employee Assistance Program600$14K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 600 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$91K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$4K–$11K
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 2024
Plan sponsor
AAS Services, LLC
Sponsor EIN
26-2685053
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-2685053 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
AAS Services, LLC 401(k) Plan
Type
401(k) plan
Participants
801

About this data

Source: AAS Services, LLC'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 AAS Services, LLC.

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