Beelman Truck Company

East St. Louis, IL Transportation & logisticsNAICS 484120

Self-funded health planPlan year 2024Renews August
993ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#13 of 20Transportation & logistics in ILBy participants

Overview

Beelman Truck Company sponsors a self-funded health plan that covered 993 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
993
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Beelman Truck Company Cafeteria Benefit Plan, plan 502 (993 participants)
Broker compensation
$323K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Continental American Insurance CompanyLife, Short-term disability, Long-term disability1,014$1.6M$246K
Bluecross Blueshield of IllinoisDental1,994$486K$60K
Dearborn Life Insurance CompanyVision850$112K$17K

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 993 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$151K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$55K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
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
Beelman Truck Company
Sponsor EIN
37-1047673
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 37-1047673 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Beelman 401k Profit Sharing Plan and Trust
Type
401(k) plan
Participants
1,311

About this data

Source: Beelman Truck Company'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 Beelman Truck Company.

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