Beitzel Corporation

Grantsville, MD OtherNAICS 263210

Self-funded health planPlan year 2024Renews October
604ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#1 of 1Other in MDBy participants

Overview

Beitzel Corporation sponsors a self-funded health plan that covered 604 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
604
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Beitzel Corporation Employee Benefit Plan, plan 501 (604 participants)
Broker compensation
$26K across insured contracts
MedicalLife insuranceDentalVisionDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife, Long-term disability, Short-term disability, Voluntary Life, Voluntary Spouse Life, V604$318K$26K
National Vision Administrators, LLCVision393$45K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 604 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$92K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Beitzel Corporation
Sponsor EIN
52-1144641
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-1144641 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Beitzel Group 401(k) Plan
Type
401(k) plan
Participants
927

About this data

Source: Beitzel Corporation'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 Beitzel Corporation.

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