BDO USA, P.C.

Chicago, IL Professional servicesNAICS 541211

Self-funded health planPlan year 2024Renews July
8,084ParticipantsFirst year on file
$19.2MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#1 of 44Professional services in ILBy participants

Overview

BDO USA, P.C. sponsors a self-funded health plan that covered 8,084 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
8,084
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
BDO Health and Welfare Plan, plan 505 (8,084 participants)
Broker compensation
$398K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability, Accidental Death and Dismemberment8,371$6.3M$393K
Vision Service PlanVision6,283$1.2M—
Arag Insurance CompanyGroup Legal2,350$313K—
Ameritas Life Insurance Corp.Dental7,434$213K$5K
Unum Life Insurance Company of AmericaGroup Long Term Care8,315$211K—

Pharmacy benefit estimate

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

$19.2M/ year

Estimated prescription spend: 8,084 participants × $2,371 national average per member. Usually higher once dependents are counted.

$498K–$1.2M/ year

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

Brands with a generic available$146K–$364K
Lower-cost therapeutic alternatives$213K–$445K
Generic pricing vs. actual cost$92K–$276K
PBM contract terms$48K–$144K
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
BDO USA, P.C.
Sponsor EIN
13-5381590
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-5381590 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
BDO USA Retirement Plan
Type
401(k) plan
Participants
15,045

About this data

Source: BDO USA, P.C.'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 BDO USA, P.C..

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