Baywood Hotels, Inc.

Columbia, MD HospitalityNAICS 721110

Self-funded health planPlan year 2025Renews January
3,058Participants+8% vs. prior year
$7.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 5Hospitality in MDBy participants

Overview

Baywood Hotels, Inc. sponsors a self-funded health plan that covered 3,058 participants in plan year 2025, up 8% 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
3,058 · prior year 2,844
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Baywood Hotels, Inc. Health and Welfare Benefits Plan, plan 501 (3,058 participants)
Broker compensation
$61K 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 CompanyDental, Vision, Life, Short-term disability, Long-term disability3,058$577K$61K

Pharmacy benefit estimate

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

$7.3M/ year

Estimated prescription spend: 3,058 participants × $2,371 national average per member. Usually higher once dependents are counted.

$189K–$465K/ year

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

Brands with a generic available$55K–$138K
Lower-cost therapeutic alternatives$80K–$168K
Generic pricing vs. actual cost$35K–$104K
PBM contract terms$18K–$54K
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
Baywood Hotels, Inc.
Sponsor EIN
52-2223874
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2223874 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Baywood Hotels, Inc. 401(k) Plan
Type
401(k) plan
Participants
214

About this data

Source: Baywood Hotels, Inc.'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 Baywood Hotels, Inc..

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