Bayview Asset Management, LLC

Coral Gables, FL Finance & insuranceNAICS 523110

Self-funded health planPlan year 2025Renews January
819Participants0% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#13 of 23Finance & insurance in FLBy participants

Overview

Bayview Asset Management, LLC sponsors a self-funded health plan that covered 819 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
819 · prior year 819
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Bayview Asset Management Health & Welfare Plan, plan 501 (819 participants)
Broker compensation
$183K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyAccident, Critical Illness, Hospital700$519K$104K
Continental American Insurance CompanyLife, Long-term disability688$482K$70K
Vision Service PlanVision533$97K$10K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 819 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$124K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
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
Bayview Asset Management, LLC
Sponsor EIN
26-2961971
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-2961971 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bayview Asset Management LLC 401(k) Plan
Type
401(k) plan
Participants
2,509

About this data

Source: Bayview Asset Management, 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 Bayview Asset Management, LLC.

Request a correction · Methodology