Armhr, LLC

East Syracuse, NY Business servicesNAICS 561110

Self-funded health planPlan year 2024Renews January
1,780ParticipantsFirst year on file
$4.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 9Business services in NYBy participants

Overview

Armhr, LLC sponsors a self-funded health plan that covered 1,780 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
1,780
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Armhr, LLC Employee Benefit Plan, plan 501 (1,780 participants)
Broker compensation
$286K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Equitable Financial Life Insurance Co. of AmericaLife2,975$802K$169K
Anthem Blue Cross Blue ShieldVision, PPO1,166$117K$117K

Pharmacy benefit estimate

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

$4.2M/ year

Estimated prescription spend: 1,780 participants × $2,371 national average per member. Usually higher once dependents are counted.

$110K–$271K/ year

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

Brands with a generic available$32K–$80K
Lower-cost therapeutic alternatives$47K–$98K
Generic pricing vs. actual cost$20K–$61K
PBM contract terms$11K–$32K
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
Armhr, LLC
Sponsor EIN
81-0723442
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-0723442 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Armhr, 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 Armhr, LLC.

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