ASM Research, LLC

Fairfax, VA Professional servicesNAICS 541512

Self-funded health planPlan year 2025Renews January
1,778Participants+24% vs. prior year
$4.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#15 of 51Professional services in VABy participants

Overview

ASM Research, LLC sponsors a self-funded health plan that covered 1,778 participants in plan year 2025, up 24% 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
1,778 · prior year 1,440
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
ASM Research Health and Welfare Benefits Plan, plan 502 (1,778 participants); ASM Research, LLC. Health & Welfare Plan, plan 501 (667 participants)
Stop-loss carrier
Fidelity Security Life Insurance Company
Broker compensation
$501K 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
The Guardian Life Insurance Company of AmericaLife, Short-term disability, Long-term disability1,778$1.6M$263K
Fidelity Security Life Insurance CompanyMedical, Prescription drug, Stop-loss411$1.6M$173K
Metropolitan Life Insurance CompanyDental, Life, Short-term disability, Long-term disability536$275K$24K
Vision Service PlanVision1,114$171K$4K
Reliance Standard Life Insurance CompanyLife, AD&D450$147K$32K
Eyemed Vision Care Behalf of Fidelity Security Life Insurance CompanyVision631$41K$4K
First Stop Health, LLCMedical432$40K—
Zurich American Insurance CompanyBusiness Travel Accident1,778$5K$951

Pharmacy benefit estimate

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

$4.2M/ year

Estimated prescription spend: 1,778 participants × $2,371 national average per member. Usually higher once dependents are counted.

$110K–$270K/ 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 2025
Plan sponsor
ASM Research, LLC
Sponsor EIN
54-1385056
Plan numbers
502, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-1385056 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
ASM Research LLC 401(k) Plan
Type
401(k) plan
Participants
3,263

About this data

Source: ASM Research, LLC'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 ASM Research, LLC.

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