Avenue5 Residential LLC

Seattle, WA Real estateNAICS 531310

Self-funded health planPlan year 2025Renews January
4,451Participants+1% vs. prior year
$10.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 4Real estate in WABy participants

Overview

Avenue5 Residential LLC sponsors a self-funded health plan that covered 4,451 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
4,451 · prior year 4,427
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Avenue5 Residential LLC Health and Welfare Plan, plan 501 (4,451 participants)
Broker compensation
$109K 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
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability4,451$1.1M$86K
Vision Service PlanVision2,491$338K$5K
UnitedHealthcare Insurance CompanyAccident, Critical Illness, Hospital618$182K$18K
Curalinc, LLC DBA Curalinc HealthcareEmployee Assistance Program2,844$44K—

Pharmacy benefit estimate

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

$10.6M/ year

Estimated prescription spend: 4,451 participants × $2,371 national average per member. Usually higher once dependents are counted.

$274K–$676K/ year

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

Brands with a generic available$80K–$201K
Lower-cost therapeutic alternatives$117K–$245K
Generic pricing vs. actual cost$51K–$152K
PBM contract terms$26K–$79K
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
Avenue5 Residential LLC
Sponsor EIN
47-5247277
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-5247277 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Avenue5 Residential, LLC Employee Savings Plan
Type
401(k) plan
Participants
4,831

About this data

Source: Avenue5 Residential 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 Avenue5 Residential LLC.

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