Action Property Management, Inc.

Irvine, CA Real estateNAICS 531310

Self-funded health planPlan year 2025Renews February
667Participants-13% vs. prior year
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Feb 2027Next renewalPlan year begins February 1
#5 of 6Real estate in CABy participants

Overview

Action Property Management, Inc. sponsors a self-funded health plan that covered 667 participants in plan year 2025, down 13% from the prior year. The plan year starts in February. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
667 · prior year 768
Plan year
Begins February 1 · next renewal February 2027
Health plans filed
Action Property Management Welfare Plan, plan 501 (667 participants)
Broker compensation
$25K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Life, Long-term disability, HMO, PPO843$268K$9K
Colonial Life and Accident Insurance CompanyAccident, Critical Illness, Hospital, Ca35$58K$12K
Vision Service PlanVision407$43K$3K
Metropolitan General Insurance CompanyLegal42$8K$1K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 667 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$101K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning February 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
Action Property Management, Inc.
Sponsor EIN
33-0053937
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 33-0053937 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Action Property Management, Inc.'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 Action Property Management, Inc..

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