Beall's Inc. & Subsidiaries

Bradenton, FL RetailNAICS 448140

Self-funded health planPlan year 2024Renews August
4,527ParticipantsFirst year on file
$10.7MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#5 of 34Retail in FLBy participants

Overview

Beall's Inc. & Subsidiaries sponsors a self-funded health plan that covered 4,527 participants in plan year 2024. The plan year starts in August. 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
4,527
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Beall's Choice Plus Plan FKA Beall's Medical Premium Payment, plan 503 (4,527 participants)
Broker compensation
$218K 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
The Guardian Life Insurance Company of AmericaLife, Long-term disability4,189$966K$149K
Continental American Insurance CompanyAccident, Critical Illness, Hospital1,147$366K$65K
Vision Service PlanVision1,976$188K$4K

Pharmacy benefit estimate

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

$10.7M/ year

Estimated prescription spend: 4,527 participants × $2,371 national average per member. Usually higher once dependents are counted.

$279K–$688K/ year

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

Brands with a generic available$82K–$204K
Lower-cost therapeutic alternatives$119K–$249K
Generic pricing vs. actual cost$52K–$155K
PBM contract terms$27K–$81K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Beall's Inc. & Subsidiaries
Sponsor EIN
59-0243800
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-0243800 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Beall's Employees' Savings Trust
Type
401(k) plan
Participants
11,708

About this data

Source: Beall's Inc. & Subsidiaries'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 Beall's Inc. & Subsidiaries.

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