Baillie Lumber Co. LP

Hamburg, NY ManufacturingNAICS 321110

Self-funded health planPlan year 2024Renews July
1,477ParticipantsFirst year on file
$3.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#16 of 45Manufacturing in NYBy participants

Overview

Baillie Lumber Co. LP sponsors a self-funded health plan that covered 1,477 participants in plan year 2024. The plan year starts in July. 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
1,477
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Baillie Lumber Co. Group Health Plan, plan 501 (1,477 participants)
Stop-loss carrier
HM Life Insurance Company of New York
Broker compensation
$118K 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
HM Life Insurance Company of New YorkStop-loss1,097$1.3M—
Metropolitan Life Insurance CompanyMedical, Critical Illness, Life, Long Term DIS., Temp DIS., AD1,884$863K$101K
CignaDental1,058$550K$5K
Eyemed VisionVision1,821$71K$1K
Metropolitan General Insurance CompanyLegal110$28K$3K
Delta Dental of MichiganDental42$13K$1K

Pharmacy benefit estimate

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

$3.5M/ year

Estimated prescription spend: 1,477 participants × $2,371 national average per member. Usually higher once dependents are counted.

$91K–$224K/ year

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

Brands with a generic available$27K–$67K
Lower-cost therapeutic alternatives$39K–$81K
Generic pricing vs. actual cost$17K–$50K
PBM contract terms$9K–$26K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Baillie Lumber Co. LP
Sponsor EIN
16-1439224
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-1439224 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Baillie Lumber Co., L.P. 401(k) Plan
Type
401(k) plan
Participants
1,318

About this data

Source: Baillie Lumber Co. LP'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 Baillie Lumber Co. LP.

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