Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage

Plano, TX Finance & insuranceNAICS 522292

Self-funded health planPlan year 2025Renews January
669Participants-2% vs. prior year
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#27 of 38Finance & insurance in TXBy participants

Overview

Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage sponsors a self-funded health plan that covered 669 participants in plan year 2025, about the same as 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
669 · prior year 682
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Ark-La-Tex Financial Services, LLC, plan 692 (669 participants)
Broker compensation
$144K 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
Symetra Life Insurance CompanyLife, Short-term disability, Long-term disability, Accident, Critical Illness, Hospital192$599K$113K
Renaissance Life & Health Insurance Company of AmericaDental, Vision434$338K$30K
ESI GroupEAP673$17K$828

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 669 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$102K/ 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 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
Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage
Sponsor EIN
75-2838184
Plan number
692
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-2838184 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ark-La-Tex Financial Services, LLC 401(k) Plan
Type
401(k) plan
Participants
936

About this data

Source: Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage'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 Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage.

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